The forecast data reflects a gradual decline in Extra-EU28 imports of iron and steel waste to Germany from 2024 to 2028. Starting at 440.06 thousand metric tons in 2024, imports are projected to decrease year-on-year, reaching 394.6 thousand metric tons by 2028. This represents a consistent reduction trend, with an average annual decrease (CAGR) in volume of approximately 2.1% over these five years.
Future trends to watch for include:
- Potential shifts in EU regulations impacting import tariffs and policies on iron and steel waste.
- Increased domestic recycling efforts in Germany, which might reduce dependency on imports.
- Technological advancements in waste processing and recycling that could alter the demand for imported materials.
- Global economic conditions and steel industry demands, affecting market dynamics and trade flows.