Germany: Prepared Binders Market 2024

Prepared Binders Market Size in Germany

In 2021, the German prepared binders market increased by 30% to $X for the first time since 2018, thus ending a two-year declining trend. In general, the total consumption indicated a measured expansion 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. Prepared binders consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Prepared Binders Production in Germany

In value terms, prepared binders production skyrocketed to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when the production volume increased by 33% against the previous year. Prepared binders production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Prepared Binders Exports

Exports from Germany

In 2021, overseas shipments of prepared binders for foundry moulds or cores were finally on the rise to reach X tons after two years of decline. The total export volume increased at an average annual rate of +1.1% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2014 when exports increased by 18% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, prepared binders exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +2.8% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The Czech Republic (X tons), France (X tons) and the Netherlands (X tons) were the main destinations of prepared binders exports from Germany, with a combined 39% share of total exports. These countries were followed by Austria, Sweden, Belgium, Hungary, Poland, Slovakia, Russia, Switzerland, Finland and Turkey, which together accounted for a further 47%.

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of +26.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for prepared binders exported from Germany were France ($X), the Czech Republic ($X) and Poland ($X), together accounting for 36% of total exports. Sweden, Russia, Turkey, the Netherlands, Austria, Belgium, Hungary, Switzerland, Slovakia and Finland lagged somewhat behind, together accounting for a further 42%.

Among the main countries of destination, Russia, with a CAGR of +21.3%, saw 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

In 2021, the average prepared binders export price amounted to $X per ton, increasing by 30% against the previous year. Over the last nine years, it increased at an average annual rate of +1.7%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Turkey ($X per ton), while the average price for exports to Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+10.8%), while the prices for the other major destinations experienced more modest paces of growth.

Prepared Binders Imports

Imports into Germany

In 2021, overseas purchases of prepared binders for foundry moulds or cores decreased by -36.2% to X tons, falling for the fourth consecutive year after four years of growth. In general, imports recorded a abrupt setback. The most prominent rate of growth was recorded in 2014 with an increase of 19%. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, prepared binders imports contracted sharply to $X in 2021. Over the period under review, imports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 38%. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the Czech Republic (X tons) constituted the largest supplier of prepared binders to Germany, with a 36% share of total imports. Moreover, prepared binders imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, Austria (X tons), threefold. Italy (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from the Czech Republic amounted to -7.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (-11.3% per year) and Italy (+4.0% per year).

In value terms, the largest prepared binders suppliers to Germany were the Czech Republic ($X), Italy ($X) and Austria ($X), together accounting for 59% of total imports. These countries were followed by the UK, the Netherlands, France, the United States, Spain and China, which together accounted for a further 31%.

Among the main suppliers, France, with a CAGR of +9.1%, 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 prepared binders import price stood at $X per ton in 2021, with an increase of 19% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average import price increased by 21%. Over the period under review, average import prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the UK ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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