Germany Sets New Record with Vehicle Seat Prices Reaching $207 per Unit

Germany Sets New Record with Vehicle Seat Prices Reaching $207 per Unit

In June 2023, the price of vehicle seats in Germany reached a record-breaking $207 per unit, marking a 2.5% increase compared to the previous month. Over the course of the last twelve months, the price has experienced an average monthly growth rate of +1.8%. The most significant growth occurred in May 2023, with a 6.4% increase in the average export price. Variations in prices were observed across different countries, with Belgium having the highest price at $418 per unit, while Mexico had one of the lowest prices at $83.6 per unit. From June 2022 to June 2023, the most notable price growth was seen in exports to Mexico, with a rate of +5.7%, while other major destinations experienced more modest growth rates. In terms of exports, approximately 250K units of vehicle seats were exported from Germany in June 2023, showing a 6% decrease compared to the previous month. However, the total export volume had an average monthly growth rate of +1.3% from June 2022 to June 2023, despite some fluctuations. The most significant increase occurred in January 2023, with a 32% month-on-month growth. The peak of exports was reached in March 2023, with 289K units. In terms of value, vehicle seat exports from Germany slightly contracted to $52M in June 2023. Nevertheless, there was an overall expansion in total exports from June 2022 to June 2023, with an average monthly growth rate of +3.1%. Notable fluctuations were observed throughout the analyzed period, with a 19.0% increase in June 2023 compared to April 2023. The highest growth rate was recorded in January 2023, with a 39% month-on-month increase, and the peak of exports was reached in May 2023 with 54M units. The main destinations for Germany's vehicle seat exports were France, Italy, and Belgium, accounting for 39% of total exports. The most significant growth rate in terms of destination countries was observed in Thailand, with a CAGR of +32.9% from June 2022 to June 2023. In terms of value, Belgium, France, and India were the largest markets for vehicle seat exports from Germany, collectively comprising 44% of total exports.

Source: IndexBox Market Intelligence Platform

Comments

Post a Comment

Popular posts from this blog

China's Import of Diethanolamine Decreases Slightly to $4.8 Million in June 2023

Image
China Diethanolamine Imports In June 2023, China imported approximately 5.5K tons of diethanolamine and its salts, marking a 14.3% decline compared to the previous month. Overall, imports showed a relatively steady trend. The highest growth rate occurred in May 2023, with a 475% month-to-month increase. In terms of value, diethanolamine imports in June 2023 reached $4.8M according to IndexBox estimates. Imports continued to contract during the review period. The most rapid growth rate occurred in May 2023, with a 486% increase compared to the previous month. Imports by Country In June 2023, Saudi Arabia was the largest supplier of diethanolamine to China, accounting for 72% of total imports with 4K tons. Malaysia, the second-largest supplier, only provided 552 tons, a sevenfold difference compared to Saudi Arabia. Between June 2022 and June 2023, the average monthly growth rate of volume from Saudi Arabia was relatively modest. In terms of value, Saudi Arabia constituted 72% of total i
Read more

Maleic Anhydride Imports in Turkey Experience a Significant 36% Decrease in July 2023, Totaling $4M

Image
In July 2023, the volume of maleic anhydride imports in Turkey declined by 32.1% to 3.9K tons, marking the second consecutive month of decline after three months of growth. However, overall imports showed a noticeable expansion, with the most rapid growth recorded in August 2022 at a 140% increase compared to the previous month. In terms of value, maleic anhydride imports saw a significant drop to $4M in July 2023, according to estimates from IndexBox. Imports experienced a pronounced shrinkage during the review period, with the most pronounced growth occurring in August 2022, reaching a peak of $12M. From September 2022 to July 2023, import growth remained at a slightly lower figure. Russia, China, and South Korea were the main suppliers of maleic anhydride imports to Turkey, accounting for a combined 91% share of total imports. During the period from July 2022 to July 2023, Russia experienced the highest growth rate in terms of volume, with a CAGR of +24.0%, while other leading sup
Read more

Top Countries for Importing Chocolate and Confectionery Products Worldwide

Image
Chocolate and confectionery products have always been beloved treats across the globe due to their delicious flavors and indulgent qualities. As a result, the chocolate and confectionery industry has become a thriving sector, with many countries involved in the import and export of these delightful treats. In this article, we will discuss the leading import markets for chocolate and confectionery products worldwide, supported by data and statistics from the IndexBox market report. 1. United States The United States holds the top spot as the largest import market for chocolate and confectionery products with an impressive import value of $10.366 billion in 2022. The American population's deep love for sweets makes it a highly sought-after destination for confectionery imports. With a wide range of options available, from artisanal chocolates to iconic candy brands, the U.S. market caters to the diverse preferences of chocolate and confectionery enthusiasts. The country's large c
Read more