Germany: Timer Market 2024

Timer Market Size in Germany

The German timer market declined to $X in 2022, waning by -7.6% against the previous year. In general, consumption recorded a drastic downturn. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Timer Production in Germany

In value terms, timer production declined to $X in 2022 estimated in export price. In general, production saw a abrupt curtailment. The growth pace was the most rapid in 2018 with an increase of 38%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Timer Exports

Exports from Germany

In 2022, the amount of timers exported from Germany reduced to X units, waning by -6.8% on 2021. In general, exports, however, showed mild growth. The growth pace was the most rapid in 2016 with an increase of 126%. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, timer exports rose to $X in 2022. Overall, exports saw a pronounced decrease. The pace of growth was the most pronounced in 2016 when exports increased by 83% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Poland (X units), Italy (X units) and Switzerland (X units) were the main destinations of timer exports from Germany, together comprising 47% of total exports. Spain, France, Austria, China and the UK lagged somewhat behind, together comprising a further 34%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +26.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for timer exported from Germany were Switzerland ($X), Italy ($X) and Spain ($X), together comprising 46% of total exports.

Among the main countries of destination, Spain, with a CAGR of +9.0%, 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 2022, the average timer export price amounted to $X per unit, picking up by 11% against the previous year. Overall, the export price, however, saw a abrupt curtailment. The pace of growth appeared the most rapid in 2021 an increase of 55%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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 Switzerland ($X per unit), while the average price for exports to Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (-0.8%), while the prices for the other major destinations experienced a decline.

Timer Imports

Imports into Germany

In 2022, purchases abroad of timers was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Overall, imports recorded a resilient increase. The most prominent rate of growth was recorded in 2013 with an increase of 79%. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, timer imports amounted to $X in 2022. In general, total imports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -14.3% against 2020 indices. The pace of growth appeared the most rapid in 2013 when imports increased by 58% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest timer supplier to Germany, with a 73% share of total imports. Moreover, timer imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), ninefold. The third position in this ranking was taken by Vietnam (X units), with a 6.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +31.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-1.0% per year) and Vietnam (+1,155.4% per year).

In value terms, China ($X) constituted the largest supplier of timers to Germany, comprising 59% of total imports. The second position in the ranking was held by Thailand ($X), with a 15% share of total imports. It was followed by Taiwan (Chinese), with a 5.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +14.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-3.3% per year) and Taiwan (Chinese) (+3.3% per year).

Import Prices by Country

The average timer import price stood at $X per unit in 2022, dropping by -21.1% against the previous year. Over the period under review, the import price continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2020 when the average import price increased by 42% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per unit), while the price for Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+84.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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