The Growth Was 31.9%. In 2021, The Export Of German Plumbing Fittings To China Grew At A High Rate.
Recently, the German Machinery and Equipment Manufacturing Association (VDMA, Verband Deutscher Maschinen- und Anlagenbau) announced the operation of the German building accessories industry in 2021. Overall, industry-wide sales increased by 8%. The German market grew by 6 percent, and foreign sales increased by 10 percent. Business in Europe recovered rapidly, with growth of 12 percent.
Wolfgang Burchard, Managing Director of the VDMA, assessed that “the construction industry is still running smoothly and there is strong demand for high-quality construction accessories.” As a result, new orders, both domestic and foreign, have increased in 2021. “On the other hand, it has to be confronted with the fact that orders cannot be landed due to supply chain problems.
Among the categories:
- For HVAC accessories, domestic and foreign sales continued to rise significantly. Overall sales increased by 16% -26%.
- For technical building accessories, the overall growth was 15 – 17%.
- Bathroom accessories saw a slowdown in growth. Domestic sales declined by 1%, while foreign business grew by 5%. As a result, total sales were 2 percent higher than a year ago.
Export business, which fell sharply in 2020 due to the COVID-19 epidemic, recovered significantly in 2021. German construction parts exports totaled €3.4 billion, an increase of 10.6 percent. It recovered to pre-epidemic levels. Among the top 10 export destinations, France remained in first place, with a 22.1% increase in exports. China ranked second and its exports increased by 31.9%, making it the highest growth destination. Its exports to the United Kingdom declined by 5.2 percent.
After the weakness of the previous year, the European construction industry is recovering faster than expected in 2021. According to research firm Euroconstruct, European residential construction will grow by 3.9 percent this year.
The outlook for the construction industry in Germany and Europe is positive due to the high demand for improved living space. However, in addition to delivery bottlenecks, the price of raw materials and the lack of qualified and skilled workers are affecting growth. The industry is expected to grow by 6 percent this year.