The projected import of rare-earth metals, scandium, and yttrium to Germany indicates a steady decline from 2024 to 2028. In 2023, the actual import value was 2.5 million USD, meaning there is a noticeable downward trend starting from 2024 with an import value of 2.1887 million USD, declining year-on-year by approximately 14.68% in 2025, followed by consistent reductions in subsequent years: 16.8% in 2026, 19.8% in 2027, and finally 24.3% in 2028. The compound annual growth rate (CAGR) over this five-year period reflects a negative growth, signaling important structural or demand-driven changes impacting import levels.
Future trends to watch for include:
- Technological advancements that might increase the domestic production capacity in Germany.
- Changes in global supply chain dynamics, especially in key supplier countries like China.
- Shifts in global environmental policies that may impact mining activities and export regulations of rare-earth elements.
- Emerging alternative materials or technological innovations that reduce reliance on these metals.
