The forecast for the import of parts of equipment for metallurgy and foundries to Germany indicates a gradual decline in value from 2024 to 2028. In 2023, the imports stood at approximately 63.4 million USD. The projected year-on-year decrease is roughly 2.1% from 2024 onwards, leading to a compound annual growth rate (CAGR) of approximately -2.5% over the five-year period. This downward trend suggests a diminishing demand for imported parts or increased domestic production capacity that is meeting local needs.
Future trends to watch for include:
- Technological advancements in domestic manufacturing that could further reduce reliance on imports.
- Changes in industrial policies related to import tariffs and trade agreements that could impact import volumes.
- Economic shifts or changes in metal production trends globally that could influence demand.