Updated Jan 23, 2023 03:00

Porcelain Technical Ware Market in Germany

Market Overview
The German porcelain technical ware market shrank to $ in , with a decrease of -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, recorded a abrupt downturn. Over the period under review, the market hit record highs at $ in 2008; however, from 2009 to , consumption failed to regain momentum.

In value terms, porcelain technical ware production declined to $ in estimated in export price. In general, production, however, recorded a deep setback. The most prominent rate of growth was recorded in with an increase of %. Porcelain technical ware production peaked at $ in 2008; however, from 2009 to , production stood at a somewhat lower figure.


Consumption
After two years of decline, consumption of porcelain ceramic wares for laboratory, technical, and chemical use increased by % to tons in . Overall, consumption, however, continues to indicate a abrupt shrinkage. Porcelain technical ware consumption peaked at tons in 2008; however, from 2009 to , consumption remained at a lower figure.

The revenue of the porcelain technical ware market in Germany reduced to $ in , falling by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, continues to indicate a deep downturn. Over the period under review, the market reached the maximum level at $ in 2008; however, from 2009 to , consumption failed to regain momentum.


Market Forecast
Depressed by shrinking demand for porcelain technical ware in Germany, the market is expected to continue its downward consumption trend over the next eight-year period. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to tons by the end of .

In value terms, the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .


Market Structure
Driven by a growing demand, the share of imports in total supply in Germany increased significantly over the last fifteen years (from % to %). Total import supply of porcelain technical ware is expected to rise, though it will be moderately impacted by price increases. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports increased moderately ( percentage point) over the period under review.


Trade Balance
Germany remains a net importer of porcelain technical ware; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.