The Limited Times

Now you can see non-English news...

Corona causes a raw material shortage: It is now becoming more expensive for consumers

2021-08-03T14:43:40.701Z

The corona pandemic is leading to a shortage of raw materials in Germany. Because of this, the prices for many goods could rise enormously. It affects these products.



The corona pandemic is leading to a shortage of raw materials in Germany.

Because of this, the prices for many goods could rise enormously.

It affects these products.

Essen / Frankfurt / Stuttgart - Both industry and craft are facing great pressure.

Because as a result of the coronavirus crisis, industrial primary products such as wood, steel or plastic are becoming increasingly scarce.

Experts believe that prices that have already risen significantly will continue to rise.

And there is no end in sight.

"Empty warehouses, a limited supply and persistently high demand lead to long-term overuse of the raw material markets", quoted the "editorial network Germany" Danilo Zatta from the consulting firm Horváth.

Peter Adrian, President of the German Chamber of Commerce and Industry, also sees the current situation as a "big problem".

Coronavirus crisis leads to a shortage of raw materials: pandemic causes steel shortages across Europe

+

The coronavirus crisis is leading to higher prices for many raw materials.

This also includes wood, for example.

© Martin Bäuml / imago images

Many raw materials are becoming more expensive in the Corona crisis: enormous price increases for tin cans and lids

The Federal Association of the Fruit, Vegetable and Potato Processing Industry (BOGK), for example, complained about a price increase of 30 to 80 percent for tin cans and lids.

A lack of tinplate packaging cannot be ruled out within the industry.

In general, the supply situation is tense, according to the Metal Packaging Association.

After all: contractually agreed quantities can be produced and delivered by the manufacturer.

Nevertheless, the development of the raw material supply is viewed with concern overall.

Tinplate for cans is not the only packaging material whose prices have increased.

The same can be said of the costs for canned jars and jam jars, according to the industry association BOGK.

Coronavirus crisis is using up financial reserves: Many producers cannot cope with rising costs on their own

The canned food producers are already certain: the rising costs cannot be offset by the food processors alone.

Because the coronavirus crisis would almost use up the financial reserves.

That is why it is difficult to imagine that the “upheavals will not ultimately also have an impact on consumer prices”.

Consumers also have to be prepared for the higher costs of car tires.

The Federal Association of Tire Trade and Vulcanization Crafts (BRV) warns of this.

Consumers would expect “noticeable price increases” in all areas in the coming months.

The simple reason: costs for raw materials, energy and logistics have increased.

This applies above all to natural rubber, one of the main materials used in the manufacture of car tires.

Timber prices are rising dramatically - a lack of semiconductors leads to production downtimes at BMW, Daimler and VW

In the context of deliveries of wood, there would be an "exceptional situation", says Denny Ohnesorge from the Main Association of the German Wood Industry (HDH). Both at home and abroad, the demand for construction continues to be high. In addition, due to the coronavirus crisis, demand in the “do-it-yourself” segment has increased. This mainly applies to hardware stores. In May 2021, timber increased in price by 38.4 percent compared to the same month last year, according to the timber industry council.

Manufacturers of plastic packaging are also reporting shortages of raw materials and higher prices.

This would be related to corona disruptions in world trade, but also to the consequences of force majeure.

These include, for example, extreme weather and fires.

The shortage of semiconductors, a central component in many industries, brings automobile manufacturers all over the world out of their production rhythm again and again.

The shortage of semiconductors regularly leads to production downtimes at large automobile manufacturers such as Volkswagen (VW), Daimler or BMW.

In addition, the delivery time for new vehicles is in some cases considerably extended from the customer's point of view.

Horrible prices are now also being charged for Capri-Sun - but this has other reasons than the Corona crisis.

Our brand new consumer newsletter will keep you up to date on consumer information and product recalls.

List of rubric lists: © Martin Bäuml / imago images

Source: merkur

All life articles on 2021-08-03

You may like

Trends 24h

Life/Entertain 2021-09-26T18:59:26.598Z

Latest

© Communities 2019 - Privacy