The aluminium market in Germany experienced several fluctuations between 2012 and 2022. From 2012 to 2016, the market showed a general decline, with a significant drop of 8.5% in 2012 and continued minor decreases until 2016. A turnaround was observed in 2017, with a remarkable 10.2% growth, followed by modest increases in 2018 and 2020. However, the market saw fluctuations again, with a notable drop in 2019 of 10.47% and another drop in 2022 by 1.85%, despite strong performances in 2020 and 2021. The Compound Annual Growth Rate (CAGR) over the past five years stands at 0.84%, indicating a relatively stable yet modest growth. In 2023, the market size value is expected to continue reflecting these trends.
Future trends to watch for include the impact of advancements in recycling technologies and the shift towards sustainable and green aluminum production. Additionally, fluctuations in global economic conditions, supply chain disruptions, and policy changes related to environmental regulations could significantly influence the market dynamics.
How does Germany rank in Aluminium Market Size Value?
| # | 12 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 16,603,000,000 | 2023 | -0.21% | -1.64% | |
| 2 | 2 Italy | 8,312,300,000 | 2023 | -0.44% | -0.91% | View data |
| 3 | 3 Poland | 5,426,400,000 | 2023 | +4.21% | +1.58% | View data |
| 4 | 4 Spain | 5,042,100,000 | 2023 | +2.57% | +3.23% | View data |
| 5 | 5 Austria | 3,123,900,000 | 2023 | +3.64% | +4.99% | View data |
