China overtakes Germany: dramatic decline in world market share!

China overtakes Germany: dramatic decline in world market share!

A current study by the Association of Research-Based Pharmaceutical Companies (vfa) shows that Germany lost significant global market share between 2013 and 2024. The German share of the world market fell from 8.9 percent to 8.2 percent. This development comes at a time when China has increased its market share from 12.6 percent to 17.2 percent, a dramatic increase of an average of 0.36 percentage points per year. The Chinese auto industry in particular has experienced a remarkable rise during this period, with its market share increasing from 6 percent to 14 percent. This shows that China is significantly strengthening its position in the global economy.

The vfa study, based on data from the United Nations, illustrates that Germany has lost weight particularly in the traditional automotive, mechanical engineering and chemical sectors. This could have long-term effects on the competitiveness of German industry. The decline in German market share is therefore not only a result of global economic changes, but also of China's strategic industrial and trade policy agenda, which aims to systematically increase their market shares. This trend could have a decisive impact on the economic landscape in the coming years.

China's rise

The rapid growth of the Chinese auto industry is particularly striking. The market share in this sector has more than doubled in just a few years. China's economic strategy clearly shows that the focus is on innovation, quality and cost management, which gives the country significant advantages in international competition. This success is not only limited to vehicle construction, but also affects other areas of the economy.

Germany's challenges

The declining shares of German industry in global markets are alarming. Experts warn that this development could have long-term consequences. Entrepreneurs and political decision-makers are required to recognize the challenges and develop strategies to regain lost market shares. It remains to be seen how the situation will develop in the coming years and whether Germany is able to compete with China.

The various aspects of this development will continue to be closely monitored and articles on the subject will be continually updated to keep the public informed about the situation in German industry. The coming years will be crucial for Germany's position in the global economic landscape, in which China is increasingly dominating.

For more information, read the reports from Zeit.de and n-tv.de.