Seals; Mechanical Price in Germany - 2023

Seals; Mechanical Price in Germany (FOB) - 2023

The average seals; mechanical export price stood at $8.7 per unit in August 2023, which is down by -2.4% against the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +2.3%. The pace of growth was the most pronounced in April 2023 when the average export price increased by 20% month-to-month. The export price peaked at $9.4 per unit in May 2023; however, from June 2023 to August 2023, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was the UK ($11.7 per unit), while the average price for exports to Belgium ($3.9 per unit) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.

Seals; Mechanical Price in Germany (CIF) - 2023

In August 2023, the average seals; mechanical import price amounted to $2.4 per unit, approximately reflecting the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +2.0%. The most prominent rate of growth was recorded in October 2022 an increase of 25% against the previous month. The import price peaked at $2.6 per unit in June 2023; however, from July 2023 to August 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($10.4 per unit), while the price for Ireland ($409 per thousand units) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by the Czech Republic (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Seals; Mechanical Exports in Germany

Seals; mechanical exports from Germany reduced slightly to 87M units in 2022, shrinking by -2.2% against the previous year. Over the period under review, exports saw a slight downturn. The pace of growth was the most pronounced in 2021 with an increase of 14% against the previous year. Over the period under review, the exports hit record highs at 90M units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, seals; mechanical exports dropped to $601M in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 14% against the previous year. As a result, the exports reached the peak of $652M, and then dropped in the following year.

Export of Seals; Mechanical in Germany (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	79.9	68.2	77.6	71.1	-3.8%
China	61.7	62.3	77.1	67.0	2.8%
France	35.9	30.7	32.5	31.6	-4.2%
Italy	29.7	30.3	38.1	28.5	-1.4%
India	18.3	17.1	22.2	24.1	9.6%
United Kingdom	20.1	15.5	24.1	23.9	5.9%
Poland	15.3	17.5	18.5	17.3	4.2%
Turkey	10.7	11.4	14.0	15.6	13.4%
Brazil	10.2	10.7	17.5	13.7	10.3%
Belgium	12.8	11.6	12.6	13.3	1.3%
Spain	12.1	9.6	13.3	13.3	3.2%
Sweden	10.7	9.2	12.0	12.8	6.2%
Mexico	14.0	10.4	12.5	11.3	-6.9%
Others	287	267	280	258	-3.5%
Total	618	571	652	601	-0.9%

Top Export Markets for Seals; Mechanical from Germany in 2022:

United States (9.6M units)
China (9.3M units)
France (6.9M units)
Italy (5.0M units)
India (4.1M units)
Poland (3.8M units)
Brazil (3.2M units)
United Kingdom (2.9M units)
Turkey (2.8M units)
Spain (2.5M units)
Mexico (2.4M units)
Sweden (2.3M units)
Belgium (2.1M units)

Seals; Mechanical Imports in Germany

In 2022, the amount of seals; mechanicals imported into Germany rose notably to 156M units, picking up by 11% compared with the year before. The total import volume increased at an average annual rate of +2.8% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 15%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, seals; mechanical imports contracted slightly to $289M in 2022. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 23%. As a result, imports reached the peak of $298M, and then fell slightly in the following year.

Import of Seals; Mechanical in Germany (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Czech Republic	32.6	28.6	38.9	47.7	13.5%
Italy	37.7	30.8	39.6	35.3	-2.2%
Hungary	53.4	31.0	33.2	24.2	-23.2%
United States	22.8	19.2	22.3	23.2	0.6%
China	16.6	14.2	21.8	22.9	11.3%
Austria	25.0	20.3	22.1	18.1	-10.2%
Taiwan (Chinese)	12.8	10.6	16.7	17.5	11.0%
Netherlands	15.3	17.6	16.8	14.6	-1.5%
France	7.0	7.0	9.5	10.4	14.1%
Poland	8.5	7.2	8.7	9.7	4.5%
Spain	8.0	6.1	6.8	6.1	-8.6%
Vietnam	1.2	2.3	2.9	3.1	37.2%
Others	47.1	47.2	59.2	56.3	6.1%
Total	288	242	298	289	0.1%