Germany: Polishes For Coachwork Market 2024

Polishes For Coachwork Market Size in Germany

The German polishes for coachwork market contracted markedly to $X in 2022, shrinking by -82.1% against the previous year. In general, consumption recorded a abrupt downturn. Polishes for coachwork consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Polishes For Coachwork Production in Germany

In value terms, polishes for coachwork production shrank slightly to $X in 2022 estimated in export price. Overall, production saw a mild reduction. The growth pace was the most rapid in 2014 when the production volume increased by 15% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Polishes For Coachwork Exports

Exports from Germany

In 2022, approx. X tons of polishes for coachwork were exported from Germany; flattening at 2021. Overall, total exports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +94.5% against 2013 indices. The growth pace was the most rapid in 2018 when exports increased by 19% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, polishes for coachwork exports reached $X in 2022. In general, exports showed a strong expansion. The most prominent rate of growth was recorded in 2014 with an increase of 20% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.

Exports by Country

France (X tons), Poland (X tons) and Austria (X tons) were the main destinations of polishes for coachwork exports from Germany, together accounting for 27% of total exports. Denmark, the Netherlands, Italy, Japan, Kyrgyzstan, Spain, China, the United States, the UK and the Czech Republic lagged somewhat behind, together comprising a further 37%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Kyrgyzstan (with a CAGR of +48.6%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), Japan ($X) and Poland ($X) appeared to be the largest markets for polishes for coachwork exported from Germany worldwide, with a combined 29% share of total exports. Austria, the United States, Italy, the Netherlands, the UK, Spain, China, the Czech Republic, Denmark and Kyrgyzstan lagged somewhat behind, together comprising a further 32%.

Kyrgyzstan, with a CAGR of +46.9%, saw the highest growth rate of the value of exports, among 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

The average polishes for coachwork export price stood at $X per ton in 2022, flattening at the previous year. Over the last decade, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2014 when the average export price increased by 14%. As a result, the export price reached the peak level of $X per ton; afterwards, it flattened through to 2022.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Kyrgyzstan ($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 Czech Republic (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.

Polishes For Coachwork Imports

Imports into Germany

In 2022, overseas purchases of polishes for coachwork decreased by -54.7% to X tons, falling for the fourth year in a row after three years of growth. In general, imports, however, saw a buoyant expansion. The pace of growth appeared the most rapid in 2014 when imports increased by 215%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, polishes for coachwork imports declined dramatically to $X in 2022. Overall, imports, however, posted prominent growth. The pace of growth appeared the most rapid in 2014 with an increase of 203% against the previous year. Over the period under review, imports reached the maximum at $X in 2021, and then dropped notably in the following year.

Imports by Country

In 2022, the Czech Republic (X tons) constituted the largest supplier of polishes for coachwork to Germany, accounting for a 35% share of total imports. Moreover, polishes for coachwork imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, Belgium (X tons), threefold. Turkey (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from the Czech Republic stood at +80.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+9.0% per year) and Turkey (+49.9% per year).

In value terms, Turkey ($X), the Czech Republic ($X) and the United States ($X) constituted the largest polishes for coachwork suppliers to Germany, with a combined 55% share of total imports.

In terms of the main suppliers, the Czech Republic, with a CAGR of +80.4%, recorded the highest growth rate of 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 polishes for coachwork import price stood at $X per ton in 2022, with an increase of 33% against the previous year. In general, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, polishes for coachwork import price increased by +91.2% against 2018 indices. 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 the United States ($X per ton), while the price for Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+15.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :