Fittings
Building fittings industry scores outside Europe
In terms of turnover, 2017 did not bring any new highs for the German building fittings industry. The sector had to make do with a small nominal increase in turnover of 1%. The main reason for this sluggish development was the lack of impetus from abroad.
In the first half of 2017, strong sales in non-European countries were still able to offset the decline in sales in Europe. This was not the case in 2017 as a whole. Overall, the foreign market recorded an increase of 1%. Despite the good general conditions of a robust labor market, low interest rates and rising incomes, German manufacturers of building fittings lacked momentum in 2017.
The only pleasing developments were in the technical building fittings product group, where sales grew by 5%, mainly supported by good sales in Germany (up 6%) and in markets outside Europe. Sales growth of 5 percent was also recorded here. Heating fittings manufacturers outside Europe had to contend with a sharp drop in sales (minus 12%). Turnover fell by 2 percent compared to the previous year. Turnover among sanitary fittings manufacturers stagnated at the previous year's level.
In 2017, exports of German building fittings rose by 9.6% to a total of EUR 2.82 billion. As in the previous year, France topped the list of the top 10 sales countries. Thanks to the good general conditions there, all areas of building construction developed positively. China followed in second place with the highest growth rate of over 40 percent. The USA remained in third place, unchanged from the previous year, although exports fell slightly again in 2017 (minus 0.9%). Expansion in building construction in the USA has slowed since 2015. There was already a strong dynamic increase in exports to Poland in the first half of the year, and this trend continued in the second half of 2017 (up 21.5%). The German economy is stepping on the gas and the rapid pace will be maintained in 2018. Private consumer spending is likely to increase further. In view of the favorable financing conditions, there is no end in sight to the construction boom. am
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