Between 2013 and 2023, Germany's Pig Iron and Spiegeleisen or Steel Granules and Powders market size volume exhibited a declining trend, reaching 556.4 Million Kilograms in 2023. Market volumes peaked in 2013 and subsequently experienced a consistent decrease punctuated by occasional minor upswings, such as in 2017 and 2021. However, overall, from 2019 to 2023, the market showed a negative compound annual growth rate (CAGR) of -3.72%. The most drastic annual decline occurred in 2020, reflecting broader industrial challenges, with a mild recovery attempt thereafter.
Future trends to watch for:
- Continuous impact of global supply chain disruptions and commodity price volatility.
- Germany's shifts toward green energy and sustainable production might influence the demand dynamics and production methods in metallurgical sectors.
- Technological advancements in steelmaking could drive efficiencies and alter market volumes.
| # | 7 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 556,400,000 | 2023 | -2.68% | -3.72% | |
| 2 | 2 France | 175,110,000 | 2023 | -1.05% | -1.26% | View data |
| 3 | 3 Italy | 90,830,000 | 2023 | -0.057% | +0.99% | View data |
| 4 | 4 Belgium | 52,166,000 | 2023 | -2.2% | -1.34% | View data |
| 5 | 5 Slovakia | 11,344,000 | 2023 | +2.91% | +3.27% | View data |
