Germany: Carbides Market 2024

Carbides Market Size in Germany

In 2022, the German carbides market increased by 5.2% to $X, rising for the second consecutive year after two years of decline. Overall, consumption saw a abrupt decrease. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Carbides Production in Germany

In value terms, carbides production contracted modestly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 27%. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Carbides Exports

Exports from Germany

In 2022, overseas shipments of carbides increased by 28% to X tons, rising for the second year in a row after two years of decline. In general, exports saw a buoyant increase. The growth pace was the most rapid in 2021 with an increase of 59%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, carbides exports surged to $X in 2022. Overall, exports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 111%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

France (X tons) was the main destination for carbides exports from Germany, with a 37% share of total exports. Moreover, carbides exports to France exceeded the volume sent to the second major destination, Austria (X tons), threefold. The third position in this ranking was held by Poland (X tons), with a 9.5% share.

From 2012 to 2022, the average annual growth rate of volume to France totaled +26.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+15.5% per year) and Poland (+6.3% per year).

In value terms, France ($X) remains the key foreign market for carbides exports from Germany, comprising 24% of total exports. The second position in the ranking was held by Italy ($X), with a 9.7% share of total exports. It was followed by Austria, with a 9.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to France stood at +27.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+16.5% per year) and Austria (+13.9% per year).

Export Prices by Country

In 2022, the average carbides export price amounted to $X per ton, with an increase of 45% against the previous year. Overall, the export price, however, showed a pronounced decline. The growth pace was the most rapid in 2018 when the average export price increased by 102%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the Netherlands ($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 the United States (+11.4%), while the prices for the other major destinations experienced more modest paces of growth.

Carbides Imports

Imports into Germany

In 2022, the amount of carbides imported into Germany reduced to X tons, falling by -1.6% against the previous year's figure. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 42%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, carbides imports surged to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 51% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

The Netherlands (X tons), China (X tons) and Austria (X tons) were the main suppliers of carbides imports to Germany, with a combined 59% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +30.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Austria ($X) and the Netherlands ($X) were the largest carbides suppliers to Germany, together accounting for 61% of total imports.

In terms of the main suppliers, China, with a CAGR of +29.0%, saw the highest rates of growth with regard to 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 carbides import price stood at $X per ton in 2022, increasing by 28% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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