Germany: Brakes And Servo-Brakes Market 2024

Brakes And Servo-Brakes Market Size in Germany

In 2022, the German brakes and servo-brakes market increased by 17% to $X, rising for the second year in a row after three years of decline. In general, consumption, however, recorded a abrupt curtailment. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Brakes And Servo-Brakes Production in Germany

In value terms, brakes and servo-brakes production totaled $X in 2022 estimated in export price. In general, production, however, saw a perceptible slump. The most prominent rate of growth was recorded in 2021 with an increase of 12% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Brakes And Servo-Brakes Exports

Exports from Germany

In 2022, exports of brakes and servo-brakes from Germany amounted to X tons, increasing by 4.2% on the previous year's figure. The total export volume increased at an average annual rate of +2.6% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 18% against the previous year. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, brakes and servo-brakes exports contracted slightly to $X in 2022. Overall, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 25%. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Poland (X tons), Sweden (X tons) and France (X tons) were the main destinations of brakes and servo-brakes exports from Germany, with a combined 36% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +14.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for brakes and servo-brakes exported from Germany were Poland ($X), France ($X) and the United States ($X), with a combined 28% share of total exports.

Poland, with a CAGR of +9.1%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average brakes and servo-brakes export price amounted to $X per ton, falling by -5.1% against the previous year. Over the period under review, the export price showed a mild decrease. The pace of growth appeared the most rapid in 2018 an increase of 5.7%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (+5.9%), while the prices for the other major destinations experienced mixed trend patterns.

Brakes And Servo-Brakes Imports

Imports into Germany

In 2022, purchases abroad of brakes and servo-brakes increased by 19% to X tons, rising for the second consecutive year after three years of decline. The total import volume increased at an average annual rate of +4.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, brakes and servo-brakes imports rose remarkably to $X in 2022. The total import value increased at an average annual rate of +1.4% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 18%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

China (X tons), Poland (X tons) and Italy (X tons) were the main suppliers of brakes and servo-brakes imports to Germany, together comprising 61% of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +11.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the Czech Republic ($X) and Italy ($X) constituted the largest brakes and servo-brakes suppliers to Germany, together comprising 52% of total imports.

In terms of the main suppliers, China, with a CAGR of +15.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average brakes and servo-brakes import price stood at $X per ton in 2022, shrinking by -8.8% against the previous year. Over the period under review, the import price recorded a noticeable decline. The most prominent rate of growth was recorded in 2017 an increase of 5.6% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Slovakia ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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