The HWWI-Commodity price index for Germany recorded a slight decline in 2024 compared to the previous year, which was primarily due to falling prices for energy raw materials. In contrast, prices for food as well as industrial raw materials rose, particularly due to higher demand and supply bottlenecks. The price increases for cocoa, palm oil and tin were particularly striking. The index for energy raw maerials showed little volatility, with the European gas price rising towards the end of the year. The price of crude oil and coal fell sharply, which was due to weakening global demand and supply surpluses. The agricultural commodity markets showed high price volatility, with prices for soya and grain falling, while the price for rubber rose sharply.