In 2023, the import volume of electric conductors for a voltage less than 1000 V fitted with connectors to Germany stood at 140.50 million kilograms. The forecast from 2024 to 2028 shows a consistent increasing trend, starting from 144.31 million kg in 2024 to 164.01 million kg by 2028. An average compound annual growth rate (CAGR) of around 3.2% is evident over the next five years.
Future trends to monitor include:
- Increased adoption of electric vehicles, potentially driving up demand.
- Emerging technological advancements that could impact material efficiency.
- Global supply chain fluctuations which may affect availability and import rates.