Germany Cookware Market 2023-2029 Forecast, Share, Value, Revenue, Outlook, Companies, Growth, Size, COVID-19 Impact, Trends, Analysis & Industry: Market Forecast By Product Types, By Material Types, By Applications, By Distribution Channels and Competitive Landscape

Germany Cookware Market Shipment Analysis

Germany Cookware Market registered a decline of -9.9% in value shipments in 2022 as compared to 2021 and an increase of 7.66% CAGR in 2022 over a period of 2017. In Cookware Market Germany is becoming less competitive as the HHI index in 2022 was 4429 while in 2017 it was 3580. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market.

Germany has reportedly relied more on imports to meet its growing demand in Cookware Market. India is unable to meet its increasing needs for this product with domestic production hence we see the trend is shifting towards import shipment to meet its demand The import factor of the Cookware Market in 2022 was 1.92 while in 2017 it was 1.49. China, Italy, France, Poland, and India were among the top players in the market in 2022, where China acquired the largest market share of 65.35% with a shipment value of 661.49 million USD in 2022 China also offered the product below the average market price thus having a competitive advantage over others In 2017 China had the largest market share of 57.95% with the shipment value of 418.18 million USD. The country was offering its product with an average price that was lower than the average market price offered in the country. As China price is lower than the average price, it provided a significant edge among other competitors in 2017.

Germany Cookware Market Competition 2023

Germany Cookware market currently, in 2023, has witnessed an HHI of 2860, Which has increased slightly as compared to the HHI of 2041 in 2017. The market is moving towards concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.

Germany Export Potential Assessment For Cookware Market (USD Values in Thousand)

For Germany Exporters of Cookware, USA seems to be the most attractive market (in 2028) in terms of export potential followed by France, United Kingdom (UK), Poland and Italy. However, in terms of total import demand across all countries, Thailand occupies the top position. Hence considering overall import demand, Thailand leads the importing demand but considering Germany as a partner, USA provides high unmet demand potential as Compared to others for 2028.

Germany Cookware Market Synopsis

Before the pandemic, Germany cookware market saw decent growth, driven by increased immigration, urbanization, rising demand for innovative cookware, health-conscious cooking trends, evolving culinary preferences, and the growth of online retail and cooking enthusiasts. However, the COVID-19 pandemic caused a temporary slowdown in 2020 due to supply chain disruptions and reduced demand caused by lockdowns. Market recovery began in 2021, owing to work-from-home trends, and restaurant closures. The cookware market is expected to continue growing in the forecast period, with the post-COVID resurgence in the tourism sector driving demand, especially from the hotel industry.

According to this research, Germany cookware market size is projected to grow at a CAGR of 1.7% during 2023-2029. The growth of the cookware market in Germany is primarily driven by replacement needs, especially since the market has entered the maturity stage as cookware items naturally wear out over time, leading consumers to seek new products, thereby fuelling market growth. Additionally, the rise in the number of restaurants and hotels across the country, along with an increasing immigrant population as immigrants made up over 18% of the 2022 population, has contributed to this growth. Furthermore, in the coming years, ongoing real estate development projects in German states such as Nordrhein-Westfalen, Bayern, and Baden-Wurttemberg, as well as ongoing commercial projects including the construction of new hotels in cities like Berlin, Cologne, Duesseldorf, Frankfurt, Hamburg, Leipzig, Dresden, Stuttgart, and Munich, are expected to further boost the demand for cookware in the country.

Market by Product Types

Pans garnered the highest revenues in the Germany cookware market on the back of the multipurpose advantage of pans and traditional & greater preference among consumers as they are ideal for sauteing, searing, braising, deglazing, poaching, and stir-frying.

Market by Material Types

The stainless steel cookware segment acquired the highest revenue share in 2022 on account of its high preference by consumers due to its high durability and non-reactive to acidic or alkaline foods. Additionally, stainless steel cookware offers non-stick variations, enhancing ease of cleaning, which significantly contributes to its consumer preference.

Market by Applications

The residential sector garnered the maximum revenue share in 2022 owing to Germany being the second most populous country in the European continent and cookware being a necessity in day-to-day life. Moreover, surging demand for modular kitchen solutions and kitchen up-gradation would foster the demand for trendy and latest cookware matching the kitchen interiors in the country.

Market by Distribution Channels

Offline channel has garnered the maximum revenue share on account of the ease of availability of stores in every locality, no waiting time for delivery of the product along quick hand-to-hand replacement influence people to prefer offline distribution channels over online ones.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 11 Years Market Numbers.
• Historical Data Starting from 2019 to 2022.
• Base Year: 2022
• Forecast Data until 2029.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report

• Germany Cookware Market Overview
• Germany Cookware Market Outlook
• Germany Cookware Market Forecast
• Historical Data and Forecast of Germany Cookware Market Revenues, for the Period 2019-2029F
• Historical Data and Forecast of Germany Cookware Market Revenues, By Product Types, for the Period 2019-2029F
• Historical Data and Forecast of Germany Cookware Market Revenues, By Material Types, for the Period 2019-2029F
• Historical Data and Forecast of Germany Cookware Market Revenues, By Applications, for the Period 2019-2029F
• Historical Data and Forecast of Germany Cookware Market Revenues, By Distribution Channels, for the Period 2019-2029F
• Industry Life Cycle
• Germany Cookware Market - Porter’s Five Forces
• Market Drivers and Restraints
• Market Trends
• Market Opportunity Assessment
• Company Revenue Ranking
• Market Competitive Benchmarking
• Company Profiles

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Product Types

• Pans - Fry pan, Sauté pan, Skillet, Grill pan
• Pots - Stockpot, Saucepot, Dutch ovens
• Others (Pressure Cooker, Griddle, Wok)

By Material Types

• Stainless Steel
• Aluminium
• Others (Copper, Iron, etc.)

By Applications

• Residential
• Commercial

By Distribution Channels

• Online
• Offline