The German aluminium market size has experienced fluctuations from 2013 to 2023, with a peak in 2021 at 18.979 billion Euros. Notable growth spurts occurred in 2017 and 2021, but declines were observed in 2019 and 2022. In 2023, the market stood at 16.603 billion Euros, with a minor decline of 0.21% year-on-year. Over the past five years, the market exhibited an average annual decline of 1.64% (CAGR). Future forecasts predict a gradual decline, with the market projected to reach 16.433 billion Euros by 2028, reflecting a forecasted annual shrinkage of 0.16% (CAGR).
Future trends to watch for:
- Technological advancements in aluminium production.
- Environmental regulations impacting production and recycling processes.
- Global economic factors influencing market demand and supply chains.
- Shifts towards sustainable and lightweight materials in various industries.
