Germany Mercury Market

Synopsis
The above chart is Germany Mercury Market Outlook (2018 to 2032)

Market Dynamics

the germany mercury market has experienced a progressive dip over the past few years due to the tightening of regulatory controls on mercury-containing products in various countries. in 2017, germany exported 4,684 kilogram (kg) of mercury, representing a decrease of nearly 8% compared to 2016. the exports of elemental mercury have decreased at a compound annual growth rate (cagr) of 0.87%. the demand for mercury is largely driven by the electrical and electronics industry, and since mercury is used in the production of electrical products, germany has a potential market in this sector. however, it is estimated that due to low costs and better supply availability, most of the mercury used in the electrical and electronics industry is imported from other countries. furthermore, the regulations imposed by germany government on the use of mercury have created a regulatory barrier for its use. this has directly affected the demand for mercury in the domestic market, resulting in an overall dip in the mercury supplies in the country. in terms of outlook, it is anticipated that the germany mercury market will experience a persistent downward trend until 2022. the prices of mercury will remain low due to the abundance of mercury supply from other countries. moreover, mercury exports from germany are expected to continue to decline due to lower demand for the metal. however, it is also expected that the demand for mercury from the german lighting industry is expected to flourish in the coming years, since mercury is one of the crucial components for the production of modern lighting products. the electrical and electronics industry is also expected to revive its demand for mercury. the water supply and treatment industry is also likely to witness an increase in the demand for mercury. over the forecast period (2018-2032), the germany mercury market is forecasted to stabilize and gradually revive due to a regulatory push towards switching to non-mercurial sources and the increased demand for the metal.