1. Home
  2. Studies
  3. Raw Material Prices: Development and Relevance for the German Economy
Hubertus Bardt IW-Trends No. 2 25. June 2011 Raw Material Prices: Development and Relevance for the German Economy
Download PDF
Development and Relevance for the German Economy
Hubertus Bardt IW-Trends No. 2 25. June 2011

Raw Material Prices: Development and Relevance for the German Economy

German Economic Institute (IW) German Economic Institute (IW)

According to an IW survey, German companies regard rising and volatile prices of raw materials as an essential resource risk for their business. After dropping in 2008 and 2009, prices of raw materials have lately risen sharply. This is particularly true in the case of important metals used in the manufacturing sector. The Cologne Institute for Economic Research has developed a new price index for industry metals (IMP index). According to this index, prices reached a record high in the first quarter of 2011 when they lay a quarter above the maximum of the years 2007 and 2008. If the price trends of 2001 to 2010 remain stable in the coming years, import costs for industry metals will be 70 to 100 percent higher in 2015 than in the average of the years 2008 to 2010.

Download | PDF

Download PDF
Development and Relevance for the German Economy
Hubertus Bardt IW-Trends No. 2 25. June 2011

Raw Material Prices: Development and Relevance for the German Economy

German Economic Institute (IW) German Economic Institute (IW)

More on the topic

Read the article
Climate Clubs as a Lightning Rod for Tensions in Trade and Industrial Competitiveness
Thilo Schaefer Event 20. September 2023

Climate Clubs as a Lightning Rod for Tensions in Trade and Industrial Competitiveness

The Paris Agreement has established a transformative paradigm. While this transformation will create winners and losers, it now seems increasingly clear that overall, there are tremendous opportunities.

IW

Read the article
Cornelius Bähr / Hubertus Bardt / Adriana Neligan IW-Trends No. 3 31. August 2023

German Industry's Options for a Secure Supply of Raw Materials

In recent years German industry has seen a rise in the risks attached to its procurement of raw materials.

IW

More about this topic

Content element with id 8880 Content element with id 9713