I think most items from Germany carry a premium price tag because of perception, but in the end it's just simple supply and demand economics. Same for Snap-On, great tools (and service for pros), but overpriced in my book, but people gladly pay the prices. I buy Williams wrenches to get the quality and save some money, but I'm just a hobbyist that doesn't need the truck, and some will probably say they're still not as good as the SO version. In the end the free market ultimately determines the price of admission
I wouldn’t totally agree with the statement that German items have a high price tag because of perception.
For a start, and taking Hazet ratchets as an example, they are not that highly priced everywhere, and certainly not “premium”. Here are some recentish prices of Hazet and Snap On 1/2” ratchets where I am.

As can be seen, the Hazet is less than 1/3 the cost of the Snap On.
I appreciate that’s not the same everywhere (i.e. the U.S.) but the price asked is partly the cost of manufacturing in a first world country, partly the cost of shipping, and partly an allowance for currency fluctuations.
One way round this might be to buy directly from Germany, especially when currency fluctuations work in your favour.