In 2023, Germany's import of threaded fittings (iron or steel, except stainless) stood at 5.412 million kilograms. The forecast suggests a stable upward trend from 2024 through 2028, with projected imports increasing from 5.5049 to 5.9008 million kilograms. This reflects a steady year-on-year growth, with a consistent rise averaging 1.75% annually over the five-year period.
Future trends to watch for include:
- Potential fluctuations in global steel production, which could affect import volumes and prices.
- Changes in German industrial demand, potentially influenced by economic cycles or technological shifts.
- Regulatory changes in trade policies, especially in the European Union, impacting import dynamics.
- Innovations in corrosion-resistant materials, possibly reducing reliance on traditional iron/steel fittings.
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