The import of precious metal ores and concentrates to Germany stood at 1289.8 million USD in 2023. Over the past two years, the year-on-year variation showed an increase of 3.83% in 2023 and a slight decrease of -0.89% in 2022. The historically significant trends include notable growth of 31.98% in 2021 and a peak increase of 49.34% in 2018. The 5-year Compound Annual Growth Rate (CAGR) leading up to 2023 was 2.24%.
Looking forward, the forecast data indicates a steady growth trajectory with a CAGR of 2.75% between 2024 and 2028, culminating in an import value of 1541.9 million USD by 2028. This represents a projected 14.53% growth over the 5-year forecast period, indicating a continued positive trend.
Future trends to watch for include potential global economic shifts, changes in demand for precious metals in technology and manufacturing, and potential supply chain disruptions. Additionally, policy changes within Germany or key exporting countries could impact import volumes.
