Germany: Market for Machinery for Liquefying Air or Gases 2024

Market Size for Machinery for Liquefying Air or Gases in Germany

The German air or gas liquefier market reduced slightly to $X in 2022, declining by -4.5% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Production of Machinery for Liquefying Air or Gases in Germany

In value terms, air or gas liquefier production shrank slightly to $X in 2022 estimated in export price. Over the period under review, production recorded a slight contraction. The pace of growth appeared the most rapid in 2019 when the production volume increased by 48%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Machinery for Liquefying Air or Gases

Exports from Germany

In 2022, overseas shipments of machinery for liquefying air or gases decreased by -12.5% to X units, falling for the fourth consecutive year after two years of growth. Overall, exports showed a abrupt decrease. The pace of growth appeared the most rapid in 2017 with an increase of 94% against the previous year. Over the period under review, the exports attained the maximum at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, air or gas liquefier exports soared to $X in 2022. In general, exports faced a abrupt downturn. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for air or gas liquefier exports from Germany, with a 57% share of total exports. Moreover, air or gas liquefier exports to the United States exceeded the volume sent to the second major destination, South Korea (X units), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States was relatively modest.

In value terms, the United States ($X) emerged as the key foreign market for machinery for liquefying air or gases exports from Germany, comprising 62% of total exports. The second position in the ranking was taken by South Korea ($X), with a 17% share of total exports. It was followed by China, with a 0.9% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +13.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+59.7% per year) and China (-35.6% per year).

Export Prices by Country

In 2022, the average air or gas liquefier export price amounted to $X per unit, increasing by 176% against the previous year. Over the period under review, the export price posted a remarkable increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per unit), while the average price for exports to the Netherlands ($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 the United States (+14.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machinery for Liquefying Air or Gases

Imports into Germany

In 2022, imports of machinery for liquefying air or gases into Germany skyrocketed to X units, rising by 67% against the year before. Over the period under review, imports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 100%. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, air or gas liquefier imports skyrocketed to $X in 2022. Overall, imports recorded a strong increase. The most prominent rate of growth was recorded in 2018 with an increase of 89%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

China (X units), the United Arab Emirates (X units) and the Netherlands (X units) were the main suppliers of air or gas liquefier imports to Germany, together comprising 80% of total imports. Moreover, air or gas liquefier imports in China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates, twofold.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +7.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest air or gas liquefier suppliers to Germany were the United Arab Emirates ($X), China ($X) and Switzerland ($X), with a combined 63% share of total imports.

In terms of the main suppliers, the United Arab Emirates, with a CAGR of +121.0%, 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

In 2022, the average air or gas liquefier import price amounted to $X per unit, surging by 2.2% against the previous year. Overall, the import price enjoyed a tangible increase. The pace of growth was the most pronounced in 2020 when the average import price increased by 129%. Over the period under review, average import prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+5,008.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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