Germany: Market for Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels 2022

Market Size for Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels in Germany

In 2021, the German market for non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels increased by 116% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption enjoyed a temperate expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels in Germany

In value terms, grease fittings and oil seals production rose to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a pronounced contraction. The most prominent rate of growth was recorded in 2017 when the production volume increased by 13% against the previous year. Grease fittings and oil seals production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels

Exports from Germany

In 2021, grease fittings and oil seals exports from Germany soared to X units, rising by 30% compared with 2020. Overall, exports showed a strong expansion. The most prominent rate of growth was recorded in 2020 with an increase of 36%. The exports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, grease fittings and oil seals exports soared to $X in 2021. Over the period under review, total exports indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when exports increased by 23% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Finland (X units) was the main destination for grease fittings and oil seals exports from Germany, accounting for a 21% share of total exports. Moreover, grease fittings and oil seals exports to Finland exceeded the volume sent to the second major destination, Sweden (X units), threefold. The third position in this ranking was held by the United States (X units), with an 8% share.

From 2012 to 2021, the average annual growth rate of volume to Finland stood at +40.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+10.1% per year) and the United States (+10.5% per year).

In value terms, the largest markets for grease fittings and oil seals exported from Germany were the United States ($X), China ($X) and Finland ($X), together accounting for 28% of total exports.

Finland, with a CAGR of +18.8%, recorded the highest growth rate of the value of exports, in terms of 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 2021, the average export price for non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels amounted to $X per unit, which is down by -8.9% against the previous year. Overall, the export price saw a pronounced slump. The pace of growth appeared the most rapid in 2018 an increase of 17%. As a result, the export price attained the peak level of $X per unit. From 2019 to 2021, the the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was China ($X per unit), while the average price for exports to Finland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+0.1%), while the prices for the other major destinations experienced a decline.

Imports of Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels

Imports into Germany

In 2021, supplies from abroad of non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels increased by 41% to X units, rising for the second consecutive year after two years of decline. Overall, imports recorded a resilient expansion. The most prominent rate of growth was recorded in 2017 with an increase of 42% against the previous year. Imports peaked in 2021 and are likely to continue growth in the near future.

In value terms, grease fittings and oil seals imports skyrocketed to $X in 2021. In general, total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Austria (X units), China (X units) and the Czech Republic (X units) were the main suppliers of grease fittings and oil seals imports to Germany, with a combined 38% share of total imports. Italy, India, France, Poland, Turkey, Hungary, the Netherlands, Taiwan (Chinese), Switzerland and Slovakia lagged somewhat behind, together comprising a further 48%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +28.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest grease fittings and oil seals suppliers to Germany were Italy ($X), China ($X) and Austria ($X), together comprising 30% of total imports. These countries were followed by the Czech Republic, Poland, Hungary, France, Switzerland, Taiwan (Chinese), Turkey, the Netherlands, India and Slovakia, which together accounted for a further 45%.

Among the main suppliers, Turkey, with a CAGR of +18.8%, 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 2021, the average import price for non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels amounted to $X per unit, dropping by -6% against the previous year. Over the period under review, the import price recorded a perceptible reduction. The growth pace was the most rapid in 2013 an increase of 21% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+1.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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