costdata
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costdata Data Products: APIs & Datasets
costdata Pricing & Cost
Our pricing is flexible and tailored to your needs. It depends on the selected data package and usage requirements. Contact us for a customized offer that fits your business goals.
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About costdata
costdata in a Nutshell
costdata is your partner for precise product costing and cost optimization. With 20+ years of expertise, we empower industries like automotive, household goods, and consumer products to make data-driven decisions. Our software solutions and the world’s largest cost database enable accurate cost calculations and benchmarking, offering unmatched transparency.
Our data covers metals, plastics, machines, salaries, and location factors, ensuring precise insights for your business. With monthly updates for materials and quarterly updates for other data, you can benchmark global prices, analyze costs, and optimize supplier negotiations confidently.
costdata’s market database provides prices for several industries and locations worldwide. With 33,000+ metals, 14,000+ plastics, 13,500+ machines, and compensation data for 4,100 regions in 130 countries, we help companies like BMW, Tesla, and BASF stay competitive.
Country Coverage
Data Offering
Our database includes 33,000+ metals, 14,000+ plastics, 13,500+ machines, and global data on wages, overheads, and location factors. With monthly and quarterly updates, our data provides precise insights for cost benchmarking, supplier negotiations, and product costing across industries like automotive and consumer goods.
Use Cases
Use Case - Compare metal prices (metal buyer)
Initial situation
Acustomer from the mechanical engineering industry received several offers for stainless steel components from different suppliers. As prices for metals fluctuate widely, it was unclear whether the prices offered were competitive. To ensure they were getting a fair deal, the customer decided to compare prices using costdata® market data.
Challenge
Oneof the quotes was €3.50/kg stainless steel. Without a reliable source of comparison, the customer could not be sure whether this price was in line with the market or whether he had room for negotiation.
Solution
By accessing the costdata® market data, the customer was able to immediately compare the quoted price with the current average prices on the market. He discovered that the average price for stainless steel in the database was €3.15/kg - the offer was therefore higher than the market price.
Result
Withthis knowledge, the customer went into negotiations and pointed out the market price difference to the supplier. This led to a successful price reduction of 10%, resulting in a new price of €3.15/kg. By using the costdata® data, the customer was able to strengthen its negotiating position and convince the supplier.
Conclusion
Thanks tothe precise data from the costdata® database, the customer was able to make a well-founded price assessment, avoid unnecessary costs and secure competitive pricing. In a short space of time, he achieved sustainable savings for his company.
Data Sources & Collection
Our data is sourced from verified industry reports, market analysis, and collaborations with clients. Missing data is researched by our in-house team at no additional cost. Regular updates ensure accuracy, covering global markets for metals, plastics, machinery, and more.
Key Differentiators
What Makes costdata different?
At costdata, we offer more than just raw data - we deliver actionable insights. Our market-leading cost database is designed for precision in product costing and price benchmarking across industries. Here’s why we stand out:
- 33,000+ Metal Alloys and 14,000+ Plastics with regional pricing, historical trends, and CO₂ data.
- 13,500+ Machines with detailed cost simulations for various manufacturing processes.
- Comprehensive labor costs, overheads, and location-specific factors across 4,100 global regions.
- Tailored Insights for Procurement & Cost Engineering:
- Instantly benchmark supplier quotes against market averages.
- Identify cost-saving potentials with our dynamic simulation models for materials and production.
-Minimum quarterly updates, with materials refreshed monthly for maximum accuracy. - Custom data research provided at no extra cost.
- Seamless integration with leading platforms:
- Trusted by global leaders in those areas - automotive & commercial vehicle industry, commercial company, consulting company, household enterprises, chemical & pharmaceutical industry, heating & air conditioning industry, energy industry, consumer goods & consumer durables industry, aircraft & defense industry, mechanical engineering industry
- developed by cost engineering experts with decades of hands-on experience.
Frequently asked questions about costdata
What does costdata do?
costdata provides precise solutions for product costing and cost optimization. With a unique database and software, we combine industry expertise with cutting-edge technology to support businesses in making informed decisions in procurement, R&D, controlling, cost engineering, sales and management.
How much does costdata cost?
The supported pricing models for costdata’s data are One-off purchase, Monthly License, Yearly License, and Usage-based. Get talking to a member of the costdata team to receive custom pricing options, information about data subscription fees, and quotes for costdata’s data offering tailored to your use case.
What kind of data does costdata have?
Futures Price Data, Construction Project Leads Data, Product Data, Company Data, and 20 others
What data does costdata offer?
Our database includes 33,000+ metals, 14,000+ plastics, 13,500+ machines, and global data on wages, overheads, and location factors. With monthly and quarterly updates, our data provides precise insights for cost benchmarking, supplier negotiations, and product costing across industries like automotive and consumer goods.
How does costdata collect data?
Our data is sourced from verified industry reports, market analysis, and collaborations with clients. Missing data is researched by our in-house team at no additional cost. Regular updates ensure accuracy, covering global markets for metals, plastics, machinery, and more.
What are the best use cases for costdata’s data?
Use Case - Compare metal prices (metal buyer) Initial situation Acustomer from the mechanical engineering industry received several offers for stainless steel components from different suppliers. As prices for metals fluctuate widely, it was unclear whether the prices offered were competitive. To ensure they were getting a fair deal, the customer decided to compare prices using costdata® market data. Challenge Oneof the quotes was €3.50/kg stainless steel. Without a reliable source of comparison, the customer could not be sure whether this price was in line with the market or whether he had room for negotiation. Solution By accessing the costdata® market data, the customer was able to immediately compare the quoted price with the current average prices on the market. He discovered that the average price for stainless steel in the database was €3.15/kg - the offer was therefore higher than the market price. Result Withthis knowledge, the customer went into negotiations and pointed out the market price difference to the supplier. This led to a successful price reduction of 10%, resulting in a new price of €3.15/kg. By using the costdata® data, the customer was able to strengthen its negotiating position and convince the supplier. Conclusion Thanks tothe precise data from the costdata® database, the customer was able to make a well-founded price assessment, avoid unnecessary costs and secure competitive pricing. In a short space of time, he achieved sustainable savings for his company.