The forecast for the production of tubes, pipes, and hollow profiles of cast-iron in Germany indicates a steady decline from 2024 to 2028. In 2023, the industry stood at a higher level, signaling a downward trend starting from 2024, with values decreasing each subsequent year. Specifically, there's a year-on-year decline: 7.34% in 2025, 7.81% in 2026, 8.41% in 2027, and 9.08% in 2028. This reflects a continuing reduction, with a compounded annual growth rate (CAGR) negative, emphasizing an average annual decrease across the period.
Future trends to watch for:
- Technological advancements in alternative materials might affect cast-iron demand.
- Economic factors and regulatory changes in EU markets can either exacerbate or alleviate these declines.
- Potential shifts in sustainability and eco-friendly practices might influence production and material choice.
