The forecast for the sold production of casting services of grey cast iron in Germany is projected to increase steadily from 2024 to 2028, starting at 2.1564 billion kilograms in 2024 and reaching 2.2072 billion kilograms by 2028. This suggests a consistent year-on-year growth, averaging approximately 0.59% annually, although it experienced a marginal upward trend in the last two years. Previously, the production stood slightly lower than 2.155 billion kilograms at the close of 2023, indicating a stable yet moderate growth trajectory.
Future trends to watch for include:
- Demand shifts due to emerging technologies and innovations in automotive and machinery sectors
- Impact of environmental regulations on production methods and costs
- Global market competition possibly influencing domestic production volumes