Report Update Nov 1, 2024

Germany - Rare Earth Metals - Market Analysis, Forecast, Size, Trends and Insights

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Germany: Rare Earth Metal Market 2024

Rare Earth Metal Market Size in Germany

In 2021, the German rare earth metal market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, showed a deep reduction. Rare earth metal consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Rare Earth Metal Exports

Exports from Germany

In 2021, overseas shipments of rare earth metals decreased by -13.5% to X tons, falling for the second year in a row after three years of growth. Overall, exports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2018 when exports increased by 54%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, rare earth metal exports skyrocketed to $X in 2021. Over the period under review, exports saw a abrupt decline. The pace of growth appeared the most rapid in 2018 with an increase of 187% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

South Korea (X tons) was the main destination for rare earth metal exports from Germany, with a 61% share of total exports. Moreover, rare earth metal exports to South Korea exceeded the volume sent to the second major destination, Hong Kong SAR (X kg), sixfold. The third position in this ranking was taken by the Czech Republic (X kg), with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to South Korea amounted to +8.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+8.8% per year) and the Czech Republic (-9.1% per year).

In value terms, Hong Kong SAR ($X) emerged as the key foreign market for rare earth metals exports from Germany, comprising 24% of total exports. The second position in the ranking was held by the Czech Republic ($X), with a 12% share of total exports. It was followed by Brazil, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Hong Kong SAR amounted to +26.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (-14.6% per year) and Brazil (+43.9% per year).

Export Prices by Country

The average rare earth metal export price stood at $X per ton in 2021, surging by 156% against the previous year. Over the period under review, the export price, however, recorded a noticeable reduction. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to South Korea ($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 Brazil (+25.8%), while the prices for the other major destinations experienced mixed trend patterns.

Rare Earth Metal Imports

Imports into Germany

In 2021, the amount of rare earth metals imported into Germany skyrocketed to X tons, growing by 36% compared with 2020. Overall, imports, however, continue to indicate a abrupt decline. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, rare earth metal imports surged to $X in 2021. In general, imports, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2018 with an increase of 49% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Austria (X tons) constituted the largest rare earth metal supplier to Germany, accounting for a 76% share of total imports. Moreover, rare earth metal imports from Austria exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Austria totaled +147.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-23.7% per year) and France (+9.1% per year).

In value terms, the largest rare earth metal suppliers to Germany were Austria ($X), China ($X) and France ($X), with a combined 84% share of total imports.

In terms of the main suppliers, Austria, with a CAGR of +85.3%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average rare earth metal import price amounted to $X per ton, shrinking by -14.5% against the previous year. In general, the import price showed a deep setback. The growth pace was the most rapid in 2018 an increase of 42% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 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, amid the top importers, the country with the highest price was China ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for rare earth metals in the world?

The country with the largest volume of rare earth metal consumption was China, comprising approx. 49% of total volume. Moreover, rare earth metal consumption in China exceeded the figures recorded by the second-largest consumer, the United States, fourfold. The third position in this ranking was occupied by Malaysia, with a 12% share.

What are the largest producers of rare earth metals in the world?

China constituted the country with the largest volume of rare earth metal production, comprising approx. 59% of total volume. Moreover, rare earth metal production in China exceeded the figures recorded by the second-largest producer, the United States, fivefold. Myanmar ranked third in terms of total production with a 12% share.

What are the leading suppliers of rare earth metals to Germany?

In value terms, the largest rare earth metal suppliers to Germany were Austria, China and France, with a combined 84% share of total imports.

What are the leading importers of rare earth metals from Germany?

In value terms, the largest markets for rare earth metal exported from Germany were the Czech Republic, Switzerland and South Korea, with a combined 34% share of total exports. These countries were followed by Turkey, Saudi Arabia, China and India, which together accounted for a further 7.3%.

What is the average export price for rare earth metals in Germany?

The average rare earth metal export price stood at $46,098 per ton in 2021, jumping by 58% against the previous year.

What is the average import price for rare earth metals in Germany?

The average rare earth metal import price stood at $12,381 per ton in 2021, shrinking by -24.7% against the previous year.

This report provides an in-depth analysis of the rare earth metal market in Germany. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Country coverage:

Germany

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Germany
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
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While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023