As of 2023, Germany imported 157.15 million kilograms of refractory cements, mortars, and concretes, excluding graphite-based formulations. By 2024, the imports are projected to rise to 158.93 million kilograms, with a steady year-on-year increase of approximately 1.13% over the following years, reaching 165.91 million kilograms by 2028. This represents a compound annual growth rate (CAGR) of around 1.06% from 2024 to 2028, indicating moderate growth in import volumes.
Future trends to watch for include:
- The impact of technological advancements in production methods which might increase efficiency and reduce import dependency.
- Potential shifts in domestic demand for refractory materials due to industrial developments, particularly in sectors like steel and glass manufacturing.
- International trade policies and economic conditions affecting supply chain dynamics and import costs.