Safes And Strongboxes Market Overview in Germany
In value terms, safes and strongboxes production amounted to $ in 2018 estimated in export prices. Overall, the total production indicated a mild increase from 2007 to 2018: its value increased at an average annual rate of +% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, production increased by +% against 2015 indices. The most prominent rate of growth was recorded in 2009 when the production volume increased by % against the previous year. Over the period under review, production hit record highs at $ in 2014; however, from 2015 to 2018, production failed to regain the momentum.
The size of the safes and strongboxes market in Germany expanded slightly to $ in 2018, picking up 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, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2009 with an increase of % against the previous year. Safes and strongboxes consumption peaked at $ in 2014; however, from 2015 to 2018, consumption failed to regain the momentum.