Germany: Metal Wool Market 2024

Metal Wool Market Size in Germany

In 2022, the German metal wool market decreased by X% to $X, falling for the fourth consecutive year after two years of growth. In general, consumption saw a mild curtailment. Metal wool consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Metal Wool Production in Germany

In value terms, metal wool production declined slightly to $X in 2022 estimated in export price. Overall, production, however, showed a pronounced curtailment. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Metal Wool Exports

Exports from Germany

Metal wool exports from Germany reduced to X tons in 2022, declining by X% compared with the previous year. In general, exports saw a perceptible curtailment. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, metal wool exports dropped to $X in 2022. Over the period under review, exports recorded a noticeable slump. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Poland (X tons), Sweden (X tons) and the Czech Republic (X tons) were the main destinations of metal wool exports from Germany, together comprising X% of total exports.

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

In value terms, Poland ($X), Austria ($X) and the Czech Republic ($X) appeared to be the largest markets for metal wool exported from Germany worldwide, together comprising X% of total exports. Sweden, France, the UK, Hungary, the Netherlands, Switzerland, Spain, Italy, Slovenia and Bahrain lagged somewhat behind, together comprising a further X%.

Sweden, with a CAGR of X%, recorded the highest growth rate of the value of exports, among 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 2022, the average metal wool export price amounted to $X per ton, growing by X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Wool Imports

Imports into Germany

In 2022, imports of iron or steel wool into Germany fell to X tons, with a decrease of X% on the previous year's figure. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, metal wool imports shrank modestly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of metal wool to Germany, accounting for a X% share of total imports. Moreover, metal wool imports from China exceeded the figures recorded by the second-largest supplier, the Czech Republic (X tons), more than tenfold. Portugal (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (X% per year) and Portugal (X% per year).

In value terms, China ($X) constituted the largest supplier of iron or steel wool to Germany, comprising X% of total imports. The second position in the ranking was held by South Korea ($X), with a X% share of total imports. It was followed by the Czech Republic, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and the Czech Republic (X% per year).

Import Prices by Country

The average metal wool import price stood at $X per ton in 2022, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform