The forecasted import volumes of weld-formed precision tubes and pipes to Germany from 2024 to 2028 display consistent year-on-year growth. Starting from a projected 372.06 million kilograms in 2024, the volume is expected to rise by approximately 2% to 3% annually, reaching 404.48 million kilograms by 2028. The five-year compound annual growth rate (CAGR) stands at around 2.45%. As of 2023, the import volume was lower, indicating a clear upward trend.
Future trends to watch for:
- Potential changes in German industrial demand, particularly in sectors like automobile and machinery manufacturing.
- Global supply chain fluctuations which could impact import volumes and costs.
- Trade policies and tariffs affecting steel imports.