Benelux: Market for Instruments for Measuring Electrical Quantities 2025

Market Size for Instruments for Measuring Electrical Quantities in Benelux

For the third year in a row, the Benelux market for instruments for measuring electrical quantities recorded decline in sales value, which decreased by -5.8% to $X in 2021. In general, consumption saw a pronounced setback. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Production of Instruments for Measuring Electrical Quantities in Benelux

In value terms, instruments for measuring electrical quantities production rose slightly to $X in 2021 estimated in export price. Overall, production continues to indicate a precipitous descent. The most prominent rate of growth was recorded in 2017 when the production volume increased by 9,978%. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Exports of Instruments for Measuring Electrical Quantities

Exports in Benelux

In 2021, instruments for measuring electrical quantities exports in Benelux surged to X units, growing by 36% against 2020. Overall, exports recorded a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, instruments for measuring electrical quantities exports soared to $X in 2021. Total exports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +123.3% against 2015 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands represented the key exporter of instruments for measuring electrical quantities in Benelux, with the volume of exports finishing at X units, which was near 75% of total exports in 2021. It was distantly followed by Belgium (X units), committing a 25% share of total exports.

The Netherlands was also the fastest-growing in terms of the instruments for measuring electrical quantities exports, with a CAGR of +12.1% from 2012 to 2021. At the same time, Belgium (+11.9%) displayed positive paces of growth. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) remains the largest instruments for measuring electrical quantities supplier in Benelux, comprising 74% of total exports. The second position in the ranking was held by Belgium ($X), with a 26% share of total exports.

In the Netherlands, instruments for measuring electrical quantities exports increased at an average annual rate of +2.8% over the period from 2012-2021.

Export Prices by Country

The export price in Benelux stood at $X per unit in 2021, picking up by 2.9% against the previous year. In general, the export price, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2017 when the export price increased by 17%. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was Belgium ($X per unit), while the Netherlands totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+3.4%).

Imports of Instruments for Measuring Electrical Quantities

Imports in Benelux

After two years of decline, overseas purchases of instruments for measuring electrical quantities increased by 16% to X units in 2021. Total imports indicated modest growth from 2012 to 2021: its volume increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 54% against the previous year. As a result, imports attained the peak of X units. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, instruments for measuring electrical quantities imports skyrocketed to $X in 2021. Total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +6.0% 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 +99.9% against 2015 indices. The pace of growth was the most pronounced in 2018 when imports increased by 42%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

Imports by Country

The Netherlands represented the main importing country with an import of about X units, which reached 65% of total imports. It was distantly followed by Belgium (X units), mixing up a 34% share of total imports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +4.7%).

In value terms, the Netherlands ($X) constitutes the largest market for imported instruments for measuring electrical quantities in Benelux, comprising 75% of total imports. The second position in the ranking was taken by Belgium ($X), with a 25% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in the Netherlands totaled +8.1%.

Import Prices by Country

The import price in Benelux stood at $X per unit in 2021, increasing by 8.4% against the previous year. Over the last nine-year period, it increased at an average annual rate of +4.1%. The pace of growth appeared the most rapid in 2013 when the import price increased by 24%. The level of import peaked in 2021 and is likely to see gradual growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was the Netherlands ($X per unit), while Belgium stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+3.7%).

Source: IndexBox Platform