Germany: Concrete Reinforcing Bar Market 2024

Concrete Reinforcing Bar Market Size in Germany

The German concrete reinforcing bar market shrank modestly to $X in 2022, with a decrease of -3.9% against the previous year. The market value increased at an average annual rate of +1.1% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X, and then reduced modestly in the following year.

Concrete Reinforcing Bar Production in Germany

In value terms, concrete reinforcing bar production shrank to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the production volume increased by 35% against the previous year. As a result, production reached the peak level of $X, and then contracted in the following year.

Concrete Reinforcing Bar Exports

Exports from Germany

In 2022, the amount of concrete reinforcing bars exported from Germany contracted rapidly to X tons, with a decrease of -15.2% against 2021 figures. Overall, exports saw a pronounced reduction. The growth pace was the most rapid in 2021 when exports increased by 23% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, concrete reinforcing bar exports totaled $X in 2022. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 69% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Poland (X tons), Austria (X tons) and France (X tons) were the main destinations of concrete reinforcing bar exports from Germany, together accounting for 50% of total exports. The Netherlands, Switzerland, Italy, the Czech Republic, Luxembourg, Slovakia, Denmark, Sweden, Belgium and Norway lagged somewhat behind, together comprising a further 41%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Czech Republic (with a CAGR of +11.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for concrete reinforcing bar exported from Germany were Austria ($X), Poland ($X) and France ($X), with a combined 47% share of total exports. The Netherlands, Switzerland, Italy, Luxembourg, the Czech Republic, Slovakia, Denmark, Sweden, Belgium and Norway lagged somewhat behind, together accounting for a further 41%.

In terms of the main countries of destination, Luxembourg, with a CAGR of +14.1%, 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 concrete reinforcing bar export price stood at $X per ton in 2022, jumping by 20% against the previous year. Over the period under review, export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, concrete reinforcing bar export price increased by +65.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 38%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Slovakia ($X per ton) and France ($X per ton), while the average price for exports to Norway ($X per ton) and Poland ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.

Concrete Reinforcing Bar Imports

Imports into Germany

In 2022, overseas purchases of concrete reinforcing bars increased by 3.3% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +1.6% 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 with an increase of 18%. Imports peaked at X tons in 2018; afterwards, it flattened through to 2022.

In value terms, concrete reinforcing bar imports soared to $X in 2022. In general, imports saw tangible growth. The pace of growth appeared the most rapid in 2021 with an increase of 73%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

Italy (X tons), Poland (X tons) and France (X tons) were the main suppliers of concrete reinforcing bar imports to Germany, together comprising 54% of total imports. Algeria, Turkey, Austria, the Czech Republic, China, Switzerland and the Netherlands lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Algeria (with a CAGR of +124.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Poland ($X) and France ($X) constituted the largest concrete reinforcing bar suppliers to Germany, with a combined 55% share of total imports. Algeria, Turkey, the Czech Republic, Austria, Switzerland, China and the Netherlands lagged somewhat behind, together accounting for a further 31%.

In terms of the main suppliers, Algeria, with a CAGR of +132.7%, recorded 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 concrete reinforcing bar import price stood at $X per ton in 2022, rising by 24% against the previous year. Overall, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, concrete reinforcing bar import price increased by +81.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of 47% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the Netherlands ($X per ton) and Switzerland ($X per ton), while the price for Austria ($X per ton) and Turkey ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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