In 2023, the import of non-electric domestic appliances of iron or steel to Germany stood at 703 million USD. The forecast from 2024 to 2028 shows a steady increase in import values, reaching 764.45 million USD by 2028. The year-on-year growth shows a consistent upward trend with an average annual increase (CAGR) of approximately 2.04% over the five-year period.
Future trends to watch for include:
- Global economic conditions affecting consumer purchasing power.
- Developments in sustainable and eco-friendly appliances potentially impacting imports.
- Trade policies and tariffs which could influence import levels and prices.