Germany: Base Metal Hinge Market 2024

Base Metal Hinge Market Size in Germany

The German base metal hinge market expanded markedly to $X in 2021, growing by 13% against the previous year. Over the period under review, the total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +7.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +85.1% against 2016 indices. Base metal hinge consumption peaked in 2021 and is expected to retain growth in the immediate term.

Base Metal Hinge Production in Germany

In value terms, base metal hinge production rose slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.1% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2018 when the production volume increased by 11% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Base Metal Hinge Exports

Exports from Germany

In 2021, shipments abroad of base metal hinges increased by 0.4% to X tons, rising for the seventh consecutive year after two years of decline. The total export volume increased at an average annual rate of +3.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 with an increase of 12%. Over the period under review, the exports reached the maximum in 2021 and are likely to see gradual growth in years to come.

In value terms, base metal hinge exports expanded markedly to $X in 2021. The total export value increased at an average annual rate of +4.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of 15%. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Austria (X tons), China (X tons) and the Czech Republic (X tons) were the main destinations of base metal hinge exports from Germany, together accounting for 44% of total exports. These countries were followed by Poland, the United States, France, Spain, the Netherlands, Italy, Belgium, Russia, Sweden and Turkey, which together accounted for a further 36%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +13.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Austria ($X) and the United States ($X) constituted the largest markets for base metal hinge exported from Germany worldwide, with a combined 38% share of total exports.

In terms of the main countries of destination, China, with a CAGR of +12.8%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average base metal hinge export price stood at $X per ton in 2021, increasing by 13% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.4%. The export price peaked at $X per ton in 2014; afterwards, it flattened through to 2021.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Austria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+11.4%), while the prices for the other major destinations experienced more modest paces of growth.

Base Metal Hinge Imports

Imports into Germany

For the sixth year in a row, Germany recorded growth in purchases abroad of base metal hinges, which increased by 2.1% to X tons in 2021. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +7.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +84.9% against 2012 indices. The pace of growth appeared the most rapid in 2019 when imports increased by 22%. Imports peaked in 2021 and are likely to continue growth in the near future.

In value terms, base metal hinge imports totaled $X in 2021. In general, total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +7.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +49.4% against 2014 indices. The pace of growth was the most pronounced in 2014 when imports increased by 21%. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the near future.

Imports by Country

In 2021, Austria (X tons) constituted the largest supplier of base metal hinge to Germany, accounting for a 34% share of total imports. Moreover, base metal hinge imports from Austria exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The third position in this ranking was taken by the Czech Republic (X tons), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from Austria amounted to +15.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+9.1% per year) and the Czech Republic (+10.7% per year).

In value terms, Austria ($X), China ($X) and the Czech Republic ($X) were the largest base metal hinge suppliers to Germany, with a combined 54% share of total imports. Poland, Italy, Spain, Slovakia, the Netherlands, Turkey, the UK, Slovenia and India lagged somewhat behind, together comprising a further 36%.

The Netherlands, with a CAGR of +19.8%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average base metal hinge import price stood at $X per ton in 2021, picking up by 9.6% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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