The import of casing, tubing, and drill pipe used in oil and gas drilling into Germany is projected to consistently rise from 2024 through 2028, with volumes increasing from 14.871 million kilograms in 2024 to 16.412 million kilograms in 2028. Compared to 2023 figures, which are not specified but assumed to be lower, this represents a steadily growing demand. The year-on-year growth rates for the forecasted period reflect a gradual upward trend, with increases hovering around 2.5% per year. The compound annual growth rate (CAGR) from 2024 to 2028 suggests an average annual increase of approximately 2.5%.

Future trends to watch for include:

Technological advancements and innovation in drilling technology that could affect import needs.
Global market fluctuations in the oil and gas industry impacting demand and supply chains.
Policy changes related to energy transition and sustainability affecting steel tubing imports.