From 2024 to 2028, Germany's imports of rare-earth metals, scandium, and yttrium are projected to experience a steady decline with the import volume forecasted to reduce slightly from 313.46 thousand kilograms in 2024 to 308.98 thousand kilograms in 2028. This represents an average annual decrease of approximately 0.35% over the period.
Key insights:
- The annual decline from 2024 indicates a possible optimization or diversification of sources beyond imports.
- The projected trend suggests a slight contraction of demand or improved efficiency in the use of these materials.
Future trends to watch:
Given the reliance on rare-earth elements in technology and green energy industries, Germany may seek to enhance recycling efforts, invest in alternative technologies, or secure more diverse supply chains to mitigate supply risk concerns and address environmental objectives. Monitoring geopolitical shifts and innovations in material science will be essential.
