In 2023, Germany's import of cored wire for electric arc-welding stood at 7.2 million kilograms. Forecasts suggest a steady increase from 2024 to 2028, with projected imports rising from 7.2995 to 7.4375 million kilograms. Year-on-year changes predict modest growth, averaging a compound annual growth rate (CAGR) of approximately 0.48% over this five-year period, indicating a stable demand pattern.
Future trends to watch for:
- Technological advancements in welding techniques and materials that might influence demand.
- Shifts in automotive and manufacturing sectors, key drivers of welding consumables.
- Potential impacts of trade policies and tariffs affecting metal imports.