Winding wire market in Germany

Earlier Report Observations

The German winding wire market experienced notable fluctuations in volume between 2018 and 2024. After an initial decline from 80.3 thousand tons in 2018 to 69.7 thousand tons in 2020, the market entered a phase of strong expansion, reaching a peak of 108.3 thousand tons by 2023. This three-year growth phase represented an increase of over 55% from the 2020 low, reflecting a period of heightened demand and increased supply.

The market's upward trajectory from 2021 to 2023 was supported by rising domestic production, which increased by over 22%, and a significant surge in import volumes during 2021. The consistent growth in market size indicated robust activity in downstream sectors such as electrical equipment manufacturing and industrial applications.

In 2024, the market volume contracted by approximately 12% to 95.1 thousand tons. This decline coincided with high prices for essential construction materials like steel and concrete, which elevated production costs for winding wire used in electrical systems. Furthermore, industry-wide pressures from rising logistics expenses and a persistent shortage of skilled labor contributed to increased operational costs, which tempered market activity and contributed to the year's downturn.

Production winding wire in Germany

In value, 2017-2020, M $ US

In 2020, Germany's winding wire output was valued at 888.1 million US dollars, showing a slight increase of 1.9% compared to the previous year. Over the period from 2017 to 2020, production declined by 9.1%, with a compound annual growth rate (CAGR) of -3.1%.

Annual dynamics of production in Germany in value, 2017-2020, M $ US

In kind, 2017-2020, K t

Winding wire production in Germany fell for the third year in a row. In 2020, Germany produced 112.0 thousand tonnes of winding wire, representing a significant drop of 13.1% from 2019. From 2017 to 2020, production decreased by 26.3%, with a CAGR of -9.7%.

Annual dynamics of production in Germany in kind, 2017-2020, K t

Exports winding wire from Germany

Exports in kind, K t

Germany's winding wire exports declined for the third consecutive year. In 2020, the country exported 80.9 thousand tonnes, down 11.3% from the previous year. Over the 2017-2020 period, exports fell by 21.8%, with a CAGR of -7.9%.

Annual dynamics of product's exports from Germany in kind, 2017-2020, K t

From 2017 to 2020, the export partner structure for winding wire in kind was fragmented. Czechia accounted for 14.9% of exports, France for 14.4%, and Hungary for 13.4%, with these three countries together making up just 42.7% of total flows, and no single country holding a dominant share.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Germany in kind, 2017-2020

Exports in value, M $ US

Germany's cross-border shipments of winding wire decreased for the third year in a row. In 2020, exports totaled 753.0 million US dollars, marking a sharp decline of 12.4% compared to 2019. Over the 2017-2020 period, exports dropped by 21.2%, with a CAGR of -7.6%.

Annual dynamics of product's exports from Germany in value, 2017-2020, M $ US

Between 2017 and 2020, the country breakdown of winding wire exports in value terms was scattered. France represented 12.9% of exports, Czechia 11.4%, and Hungary 11.2%, with these three partners together accounting for only 35.5% of total flows, and no single country emerging as clearly dominant.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Germany in value, 2017-2020

Imports winding wire to Germany

Imports in kind, K t

After two years of decline, Germany's imports of winding wire in kind increased in 2020. The country imported 38.6 thousand tonnes, a modest rise of 4.3% from 2019. From 2017 to 2020, imports decreased by 25.7%, with a CAGR of -9.4%. The lowest volume was recorded in 2019 at 37.0 thousand tonnes, while the largest decline occurred in 2018 at 20.5%.

Annual dynamics of product's imports to Germany in kind, 2017-2020, K t

From 2017 to 2020, Italy led as the top supplier of winding wire to Germany in kind, with a 30.8% share, followed by Spain and Austria, each at 17.5%. Together, these three countries accounted for 65.9% of total imports in kind.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Germany in kind, 2017-2020

Imports in value, M $ US

In 2020, Germany's winding wire imports in value terms amounted to 249.5 million US dollars, showing a gradual increase of 6.7% from the previous year. Between 2017 and 2020, imports decreased by 8.3%, with a CAGR of -2.9%. The lowest value was recorded in 2019 at 233.9 million US dollars, while the highest was in 2018 at 274.1 million US dollars. The largest decline occurred in 2019 at 14.7%.

Annual dynamics of product's imports to Germany in value, 2017-2020, M $ US

Over the 2017-2020 period, Italy stood out as the main market for Germany's winding wire imports in value terms, with a 32.8% share, followed by Austria at 17.4% and Spain at 10.3%. Together, these three countries represented 60.5% of total import flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Germany in value, 2017-2020