Forecast: Basic Metals and Fabricated Metal Products Manufacturing Gross Value Added in Germany

In 2023, the Gross Value Added (GVA) for the Basic Metals and Fabricated Metal Products Manufacturing sector in Germany stood at 82.30 billion Euros. The forecasted growth from 2024 onward shows a steady increase in GVA, reaching up to 87.66 billion Euros by 2028. This indicates a Compound Annual Growth Rate (CAGR) of approximately 1.5% over the five-year period. The year-on-year growth trends suggest a consistent annual increase of around 1.3%.

Future trends to watch for include potential impacts of technological advancements in manufacturing processes, shifts towards sustainable practices, and geopolitical factors influencing raw material supply chains, which may significantly shape the sector's trajectory.