Benelux: Test And Measurement Market 2025

Test And Measurement Market Size in Benelux

The Benelux test and measurement market shrank to $X in 2021, waning by -4.3% against the previous year. Overall, consumption, however, continues to indicate a noticeable increase. The level of consumption peaked at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Test And Measurement Production in Benelux

In value terms, test and measurement production contracted to $X in 2021 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the production volume increased by 114% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Test And Measurement Exports

Exports in Benelux

In 2021, shipments abroad of instruments and apparatus for measuring or checking pressure of liquids or gasses increased by 24% to X units, rising for the third consecutive year after two years of decline. Overall, exports, however, saw a abrupt slump. The pace of growth was the most pronounced in 2020 with an increase of 33%. Over the period under review, the exports hit record highs at X units in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, test and measurement exports skyrocketed to $X in 2021. In general, exports, however, continue to indicate a perceptible reduction. The pace of growth was the most pronounced in 2020 with an increase of 24%. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

Belgium was the key exporter of instruments and apparatus for measuring or checking pressure of liquids or gasses in Benelux, with the volume of exports accounting for X units, which was approx. 62% of total exports in 2021. It was distantly followed by the Netherlands (X units), committing a 37% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +29.5%).

In value terms, the Netherlands ($X) and Belgium ($X) appeared to be the countries with the highest levels of exports in 2021.

Belgium, with a CAGR of +10.5%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

The export price in Benelux stood at $X per unit in 2021, reducing by -7.5% against the previous year. In general, the export price, however, posted strong growth. The most prominent rate of growth was recorded in 2018 an increase of 50% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while Belgium totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+15.0%).

Test And Measurement Imports

Imports in Benelux

In 2021, purchases abroad of instruments and apparatus for measuring or checking pressure of liquids or gasses increased by 2.2% to X units, rising for the third consecutive year after two years of decline. In general, imports, however, saw a deep contraction. The most prominent rate of growth was recorded in 2019 when imports increased by 28%. The volume of import peaked at X units in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, test and measurement imports rose sharply to $X in 2021. Total imports indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +43.0% against 2018 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 22%. The level of import peaked at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

The Netherlands (X units) and Belgium (X units) dominates imports structure, together generating 98% of total imports. Luxembourg (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Luxembourg (with a CAGR of +33.8%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the Netherlands ($X), Belgium ($X) and Luxembourg ($X) were the countries with the highest levels of imports in 2021.

In terms of the main importing countries, Luxembourg, with a CAGR of +22.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in Benelux amounted to $X per unit, growing by 12% against the previous year. In general, the import price saw a resilient expansion. The most prominent rate of growth was recorded in 2018 when the import price increased by 68% against the previous year. As a result, import price reached the peak level of $X per unit. From 2019 to 2021, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Luxembourg ($X per unit), while Belgium ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+12.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform