Germany: Gear Box Market 2024

Gear Box Market Size in Germany

In 2022, the German gear box market decreased by -78.1% to $X, falling for the third consecutive year after two years of growth. In general, consumption saw a abrupt curtailment. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Gear Box Production in Germany

In value terms, gear box production shrank to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.2% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when the production volume increased by 17% against the previous year. Gear box production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Gear Box Exports

Exports from Germany

In 2022, approx. X units of gear boxes were exported from Germany; approximately mirroring 2021 figures. The total export volume increased at an average annual rate of +3.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when exports increased by 13% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, gear box exports contracted to $X in 2022. The total export value increased at an average annual rate of +3.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 17% against the previous year. As a result, the exports reached the peak of $X, and then fell in the following year.

Exports by Country

China (X units), the United States (X units) and Mexico (X units) were the main destinations of gear box exports from Germany, with a combined 40% share of total exports. Hungary, France, Spain, Slovakia, the Czech Republic, Italy, the UK, Turkey, Romania and Poland lagged somewhat behind, together accounting for a further 41%.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +28.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for gear box exported from Germany were China ($X), the United States ($X) and Mexico ($X), together comprising 49% of total exports. Spain, Italy, the UK, Hungary, the Czech Republic, Turkey, Slovakia, France, Romania and Poland lagged somewhat behind, together comprising a further 33%.

In terms of the main countries of destination, Romania, with a CAGR of +35.2%, recorded 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 gear box export price stood at $X per unit in 2022, shrinking by -8.6% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 9.4%. The export price peaked at $X per unit in 2021, and then shrank in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to France ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.

Gear Box Imports

Imports into Germany

In 2022, supplies from abroad of gear boxes increased by 21% to X units, rising for the second year in a row after two years of decline. Over the period under review, total imports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +26.3% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 29%. Over the period under review, imports attained the maximum at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, gear box imports rose markedly to $X in 2022. In general, total imports indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +17.2% against 2020 indices. The growth pace was the most rapid in 2017 with an increase of 39% against the previous year. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Romania (X units), France (X units) and Austria (X units) were the main suppliers of gear box imports to Germany, together comprising 48% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Romania (with a CAGR of +55.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest gear box suppliers to Germany were Romania ($X), France ($X) and Slovakia ($X), together accounting for 53% of total imports.

Romania, with a CAGR of +59.8%, recorded 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

In 2022, the average gear box import price amounted to $X per unit, waning by -9.9% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 7.6%. The import price peaked at $X per unit in 2021, and then declined in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Romania ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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