The import of iron, steel, and ferro-alloys to Germany is projected to rise consistently over the next five years, from 41.072 billion kilograms in 2024 to 47.286 billion kilograms in 2028. In 2023, this figure stood somewhat lesser, marking the forecasts as an upward trend.
Year-on-year growth highlights a steady increase in imports. Growth from 2024 to 2025 is expected at approximately 3.8%, and from 2025 to 2026 at about 3.7%, growing consistently to 3.5% from 2027 to 2028. The compound annual growth rate (CAGR) over the five-year forecast is poised to average around 3.6%.
Future trends to watch for:
- Global economic fluctuations that could affect trade volumes.
- Technological advancement in steel production impacting import demand.
- Environmental policies influencing the sourcing of ferro-alloys.
- Geopolitical factors altering supply chains.
