In 2023, Germany's import of hot rolled bar and rod in irregular coils of free cutting steel stood at an estimate of 137.00 million USD. The forecast for the following years shows a steady increase, reaching an estimated 147.76 million USD by 2028. This year-on-year growth rate reflects increments of approximately 1.6% annually. Specifically, from 2024 to 2025, there is a 1.6% increase, continuing consistently in subsequent years.

The compound annual growth rate (CAGR) from 2024 to 2028 is approximately 1.56%, representing sustainable growth over this forecasted period.

Future trends to watch for:

Potential changes in trade agreements impacting import tariffs or restrictions.
Fluctuations in steel demand or policy changes within the automotive and manufacturing sectors.
Technological advancements leading to shifts in production methods or material preferences.