In 2023, the import of flat rolled silicon-electrical steel of a width of 600 mm or more to Germany stood at 59.4 million USD. From 2024 through 2028, the data shows a declining trend in import values. The forecasted values illustrate a year-on-year decrease, with a compound annual growth rate (CAGR) of approximately -7.1% over the five-year period.
Key future trends to watch for include:
- German regulations on steel imports which might influence import values.
- Global supply chain shifts impacting steel production and distribution.
- Technological advances in manufacturing which may alter demand for silicon-electrical steel.
- Environmental policies encouraging innovations or alternative materials in the energy sector.
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- US Dollars
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