In 2023, the import of cold rolled stainless steel (600 mm or more, thickness 1.0-3.0 mm) to Germany was valued at approximately 1.31 billion USD. Forecasts from 2024 to 2028 indicate a steady increase reaching 1.483 billion USD by 2028. This reflects an average annual growth rate (CAGR) over the five-year period of approximately 2.05%. Year-on-year growth from 2024 to 2028 shows a consistent rise in import value.
Future trends to watch for include:
- Potential impact of global trade dynamics and tariff changes.
- Shifts in the demand for stainless steel driven by advancements in manufacturing and technology.
- Regulatory changes in environmental standards affecting production and supply chains.