The forecast for the sold production of tubes, pipes, and hollow profiles of cast iron in Germany reveals a steady decline over the period from 2024 to 2028. Starting at 104.63 million kilograms in 2024, there is a year-on-year decrease in production, illustrating a potential downtrend across the industry. By 2028, production is expected to drop to 58.6 million kilograms. Comparing 2023 figures to forecasts for 2024, it is noteworthy that production stood at 116.5 million kilograms in 2023, marking a significant entry point for the noted decrease.
Year-over-year variations indicate a declining trend with significant reduction percentages between successive years, reinforcing the deceleration in the industry. The compound annual growth rate (CAGR) showcases an average annual decline of approximately 13% over five years.
In terms of future trends, monitoring the impacts of economic factors such as raw material availability, environmental regulations, and advancements in alternative materials will be critical. Additionally, global supply chain dynamics and shifts in demand for infrastructure and construction could further influence production in this sector.
