Procurement Market Trends

We expect supply and demand equilibrium overall in the important markets for materials and services in 2025, with the exception of palm-oil dependent raw materials. These will continue to suffer due to the supply shortage triggered in 2024, with additional pressure due to the EU Deforestation Regulation (EUDR) planned for 30.12.2025. The geopolitical and trade policy uncertainties remain a significant risk factor. The ongoing conflict in Ukraine, the instability in the Middle East, and potentially increased tariffs or export restrictions from the USA may have a considerable impact on global supply chains. China’s stricter controls regarding critical raw materials and export strategies could also pose further challenges for the markets.