The forecast for the sold production of longitudinally welded steel line pipes used for oil or gas pipelines in Germany indicates a decline from 2024 to 2028. In 2023, the industry stood at a higher baseline than 2024's forecast. Year-on-year, values decrease by an average of roughly 8%, indicating a continuous downward trajectory. Over the five-year span, the compound annual growth rate (CAGR) reveals a significant contraction, reflecting diminishing demand or competitive pressures.
Future trends to watch for:
- Technological advancements in material alternatives that could impact demand.
- Shifts in global market dynamics affecting exports and imports.
- Environmental regulations influencing production methods and costs.
- Potential recovery in the energy sector that might drive future demand.
