Germany: Safes And Strongboxes Market 2024

Safes And Strongboxes Market Size in Germany

In 2021, the German safes and strongboxes market increased by 16% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +1.9% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Safes And Strongboxes Production in Germany

In value terms, safes and strongboxes production rose rapidly to $X in 2021 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 23%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Safes And Strongboxes Exports

Exports from Germany

After three years of decline, overseas shipments of safes, strongboxes and doors of base metal increased by 17% to X tons in 2021. Overall, exports, however, continue to indicate a noticeable reduction. The pace of growth appeared the most rapid in 2014 when exports increased by 19%. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, safes and strongboxes exports soared to $X in 2021. In general, exports recorded a relatively flat trend pattern. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

France (X tons), Italy (X tons) and the Netherlands (X tons) were the main destinations of safes and strongboxes exports from Germany, together comprising 46% of total exports. Switzerland, Austria, Poland, the UK, Belgium, Spain, the Czech Republic, Sweden, Denmark and India lagged somewhat behind, together comprising a further 39%.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +10.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), the Netherlands ($X) and Switzerland ($X) appeared to be the largest markets for safes and strongboxes exported from Germany worldwide, together accounting for 41% of total exports. These countries were followed by Austria, Italy, Poland, the UK, Belgium, Sweden, Spain, the Czech Republic, Denmark and India, which together accounted for a further 38%.

Poland, with a CAGR of +18.2%, 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 safes and strongboxes export price amounted to $X per ton, growing by 11% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.4%. The pace of growth appeared the most rapid in 2013 when the average export price increased by 20%. Over the period under review, the average export prices hit record highs in 2021 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Italy ($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 the UK (+13.7%), while the prices for the other major destinations experienced more modest paces of growth.

Safes And Strongboxes Imports

Imports into Germany

For the third year in a row, Germany recorded growth in purchases abroad of safes, strongboxes and doors of base metal, which increased by 1.8% to X tons in 2021. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 7.8%. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, safes and strongboxes imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.6% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest safes and strongboxes supplier to Germany, accounting for a 37% share of total imports. Moreover, safes and strongboxes imports from China exceeded the figures recorded by the second-largest supplier, Poland (X tons), twofold. Portugal (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+3.1% per year) and Portugal (+3.8% per year).

In value terms, China ($X), Poland ($X) and Portugal ($X) appeared to be the largest safes and strongboxes suppliers to Germany, together comprising 69% of total imports. These countries were followed by the Czech Republic, Romania, the Netherlands, Slovenia and France, which together accounted for a further 22%.

Slovenia, with a CAGR of +29.0%, recorded the highest growth rate of the value of imports, in terms of the main suppliers 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 safes and strongboxes import price amounted to $X per ton, with an increase of 22% against the previous year. Over the last nine years, it increased at an average annual rate of +1.8%. As a result, import price attained 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 France ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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