Seals; Mechanical Price in Germany - 2023
Contents:
- Seals; Mechanical Price in Germany (FOB) - 2023
- Seals; Mechanical Price in Germany (CIF) - 2023
- Seals; Mechanical Exports in Germany
- Seals; Mechanical Imports in Germany
Seals; Mechanical Price in Germany (FOB) - 2023
The average seals; mechanical export price stood at $8.7 per unit in August 2023, which is down by -2.4% against the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +2.3%. The pace of growth was the most pronounced in April 2023 when the average export price increased by 20% month-to-month. The export price peaked at $9.4 per unit in May 2023; however, from June 2023 to August 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was the UK ($11.7 per unit), while the average price for exports to Belgium ($3.9 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.
Seals; Mechanical Price in Germany (CIF) - 2023
In August 2023, the average seals; mechanical import price amounted to $2.4 per unit, approximately reflecting the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +2.0%. The most prominent rate of growth was recorded in October 2022 an increase of 25% against the previous month. The import price peaked at $2.6 per unit in June 2023; however, from July 2023 to August 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($10.4 per unit), while the price for Ireland ($409 per thousand units) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by the Czech Republic (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Seals; Mechanical Exports in Germany
Seals; mechanical exports from Germany reduced slightly to 87M units in 2022, shrinking by -2.2% against the previous year. Over the period under review, exports saw a slight downturn. The pace of growth was the most pronounced in 2021 with an increase of 14% against the previous year. Over the period under review, the exports hit record highs at 90M units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, seals; mechanical exports dropped to $601M in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 14% against the previous year. As a result, the exports reached the peak of $652M, and then dropped in the following year.
Export of Seals; Mechanical in Germany (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 79.9 | 68.2 | 77.6 | 71.1 | -3.8% |
China | 61.7 | 62.3 | 77.1 | 67.0 | 2.8% |
France | 35.9 | 30.7 | 32.5 | 31.6 | -4.2% |
Italy | 29.7 | 30.3 | 38.1 | 28.5 | -1.4% |
India | 18.3 | 17.1 | 22.2 | 24.1 | 9.6% |
United Kingdom | 20.1 | 15.5 | 24.1 | 23.9 | 5.9% |
Poland | 15.3 | 17.5 | 18.5 | 17.3 | 4.2% |
Turkey | 10.7 | 11.4 | 14.0 | 15.6 | 13.4% |
Brazil | 10.2 | 10.7 | 17.5 | 13.7 | 10.3% |
Belgium | 12.8 | 11.6 | 12.6 | 13.3 | 1.3% |
Spain | 12.1 | 9.6 | 13.3 | 13.3 | 3.2% |
Sweden | 10.7 | 9.2 | 12.0 | 12.8 | 6.2% |
Mexico | 14.0 | 10.4 | 12.5 | 11.3 | -6.9% |
Others | 287 | 267 | 280 | 258 | -3.5% |
Total | 618 | 571 | 652 | 601 | -0.9% |
Top Export Markets for Seals; Mechanical from Germany in 2022:
- United States (9.6M units)
- China (9.3M units)
- France (6.9M units)
- Italy (5.0M units)
- India (4.1M units)
- Poland (3.8M units)
- Brazil (3.2M units)
- United Kingdom (2.9M units)
- Turkey (2.8M units)
- Spain (2.5M units)
- Mexico (2.4M units)
- Sweden (2.3M units)
- Belgium (2.1M units)
Seals; Mechanical Imports in Germany
In 2022, the amount of seals; mechanicals imported into Germany rose notably to 156M units, picking up by 11% compared with the year before. The total import volume increased at an average annual rate of +2.8% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 15%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in years to come.
In value terms, seals; mechanical imports contracted slightly to $289M in 2022. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 23%. As a result, imports reached the peak of $298M, and then fell slightly in the following year.
Import of Seals; Mechanical in Germany (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Czech Republic | 32.6 | 28.6 | 38.9 | 47.7 | 13.5% |
Italy | 37.7 | 30.8 | 39.6 | 35.3 | -2.2% |
Hungary | 53.4 | 31.0 | 33.2 | 24.2 | -23.2% |
United States | 22.8 | 19.2 | 22.3 | 23.2 | 0.6% |
China | 16.6 | 14.2 | 21.8 | 22.9 | 11.3% |
Austria | 25.0 | 20.3 | 22.1 | 18.1 | -10.2% |
Taiwan (Chinese) | 12.8 | 10.6 | 16.7 | 17.5 | 11.0% |
Netherlands | 15.3 | 17.6 | 16.8 | 14.6 | -1.5% |
France | 7.0 | 7.0 | 9.5 | 10.4 | 14.1% |
Poland | 8.5 | 7.2 | 8.7 | 9.7 | 4.5% |
Spain | 8.0 | 6.1 | 6.8 | 6.1 | -8.6% |
Vietnam | 1.2 | 2.3 | 2.9 | 3.1 | 37.2% |
Others | 47.1 | 47.2 | 59.2 | 56.3 | 6.1% |
Total | 288 | 242 | 298 | 289 | 0.1% |
Top Suppliers of Seals; Mechanical to Germany in 2022:
- Italy (41.9M units)
- Czech Republic (27.8M units)
- Hungary (21.6M units)
- Taiwan (Chinese) (14.2M units)
- China (10.8M units)
- Austria (6.5M units)
- France (5.5M units)
- Poland (4.1M units)
- Netherlands (3.9M units)
- Vietnam (2.6M units)
- Spain (2.6M units)
- United States (2.4M units)
This report provides an in-depth analysis of the gasket market in Germany.
Global Gasket Market Report 2018. This report provides an in-depth analysis of the global gasket market.
This report provides an in-depth analysis of the gasket market in Germany.
Global Gasket Market Report 2018. This report provides an in-depth analysis of the global gasket market.
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