Eastern Europe: Measuring Instrument Market 2022

Measuring Instrument Market Size in Eastern Europe

The East European measuring instrument market reduced to $X in 2021, which is down by -11.6% against the previous year. The total consumption indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +2.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +78.9% against 2016 indices. Over the period under review, the market hit record highs at $X in 2020, and then shrank in the following year.

Measuring Instrument Production in Eastern Europe

In value terms, measuring instrument production shrank to $X in 2021 estimated in export price. In general, production, however, saw a pronounced expansion. The pace of growth was the most pronounced in 2017 when the production volume increased by 62% against the previous year. Over the period under review, production attained the peak level at $X in 2020, and then dropped in the following year.

Measuring Instrument Exports

Exports in Eastern Europe

In 2021, after two years of decline, there was significant growth in shipments abroad of instruments and apparatus for measuring or checking the flow or level of liquids, when their volume increased by 23% to X units. In general, exports continue to indicate a relatively flat trend pattern. Over the period under review, the exports attained the maximum at X units in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, measuring instrument exports rose sharply to $X in 2021. Total exports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.9% 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 2013 when exports increased by 29% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

The shipments of the three major exporters of instruments and apparatus for measuring or checking the flow or level of liquids, namely the Czech Republic, Hungary and Romania, represented more than two-thirds of total export. It was distantly followed by Poland (X units), making up a 9.1% share of total exports. The following exporters - Bulgaria (X units), Russia (X units) and Lithuania (X units) - each reached an 8.5% share of total exports.

From 2012 to 2021, the biggest increases were in Lithuania (with a CAGR of +38.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest measuring instrument supplying countries in Eastern Europe were the Czech Republic ($X), Romania ($X) and Russia ($X), with a combined 69% share of total exports.

In terms of the main exporting countries, Romania, with a CAGR of +34.0%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Eastern Europe amounted to $X per unit, declining by -10.3% against the previous year. Export price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, measuring instrument export price increased by +40.3% against 2015 indices. The pace of growth was the most pronounced in 2020 an increase of 35% against the previous year. As a result, the export price attained the peak level of $X per unit, and then fell in the following year.

Prices varied noticeably country of origin: the country with the highest price was Russia ($X per unit), while Hungary ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bulgaria (+24.2%), while the other leaders experienced more modest paces of growth.

Measuring Instrument Imports

Imports in Eastern Europe

In 2021, the amount of instruments and apparatus for measuring or checking the flow or level of liquids imported in Eastern Europe totaled X units, picking up by 13% compared with 2020 figures. Over the period under review, imports continue to indicate a strong expansion. The growth pace was the most rapid in 2019 with an increase of 24% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, measuring instrument imports rose notably to $X in 2021. The total import value increased at an average annual rate of +3.0% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 12% against the previous year. The level of import peaked in 2021 and is likely to see gradual growth in the immediate term.

Imports by Country

In 2021, the Czech Republic (X units), distantly followed by Poland (X units), Ukraine (X units), Romania (X units), Hungary (X units) and Russia (X units) represented the key importers of instruments and apparatus for measuring or checking the flow or level of liquids, together creating 97% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Hungary (with a CAGR of +24.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest measuring instrument importing markets in Eastern Europe were Poland ($X), Russia ($X) and Romania ($X), together accounting for 64% of total imports.

Among the main importing countries, Romania, with a CAGR of +15.0%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Eastern Europe amounted to $X per unit, remaining constant against the previous year. Overall, the import price recorded a perceptible setback. The pace of growth was the most pronounced in 2013 an increase of 25% against the previous year. The level of import peaked at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Russia ($X per unit), while Ukraine ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+6.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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