Eastern Europe: Market for Instruments for Measuring Electrical Quantities 2025

Market Size for Instruments for Measuring Electrical Quantities in Eastern Europe

In 2021, the East European market for instruments for measuring electrical quantities increased by 7.8% to $X, rising for the second consecutive year after four years of decline. Overall, consumption, however, continues to indicate a deep setback. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Instruments for Measuring Electrical Quantities in Eastern Europe

In value terms, instruments for measuring electrical quantities production contracted dramatically to $X in 2021 estimated in export price. Over the period under review, production showed a deep downturn. The growth pace was the most rapid in 2020 when the production volume increased by 16%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Instruments for Measuring Electrical Quantities

Exports in Eastern Europe

In 2021, shipments abroad of instruments for measuring electrical quantities decreased by -1.9% to X units, falling for the second year in a row after four years of growth. Over the period under review, exports, however, saw buoyant growth. The pace of growth appeared the most rapid in 2013 with an increase of 58% against the previous year. Over the period under review, the exports reached the maximum at X units in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, instruments for measuring electrical quantities exports rose notably to $X in 2021. Overall, exports, however, enjoyed a buoyant increase. The pace of growth was the most pronounced in 2014 with an increase of 52% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Romania (X units) was the largest exporter of instruments for measuring electrical quantities, mixing up 54% of total exports. Hungary (X units) took a 19% share (based on physical terms) of total exports, which put it in second place, followed by Poland (10%) and the Czech Republic (6.5%). Ukraine (X units), Belarus (X units) and Slovakia (X units) held a little share of total exports.

From 2012 to 2021, average annual rates of growth with regard to instruments for measuring electrical quantities exports from Romania stood at +8.3%. At the same time, Belarus (+33.6%), Hungary (+32.3%), Slovakia (+25.0%), Poland (+18.0%) and the Czech Republic (+8.9%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +33.6% from 2012-2021. By contrast, Ukraine (-3.0%) illustrated a downward trend over the same period. Hungary (+15 p.p.), Poland (+4.3 p.p.), Belarus (+2.2 p.p.) and Slovakia (+1.6 p.p.) significantly strengthened its position in terms of the total exports, while Ukraine and Romania saw its share reduced by -7.5% and -13.5% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest instruments for measuring electrical quantities supplying countries in Eastern Europe were Romania ($X), Hungary ($X) and the Czech Republic ($X), together comprising 77% of total exports. Poland, Slovakia, Ukraine and Belarus lagged somewhat behind, together accounting for a further 15%.

In terms of the main exporting countries, Slovakia, with a CAGR of +35.7%, saw the highest growth rate of 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

The export price in Eastern Europe stood at $X per unit in 2021, rising by 11% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2020 when the export price increased by 49% against the previous year. Over the period under review, the export prices hit record highs in 2021 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was the Czech Republic ($X per unit), while Ukraine ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovakia (+8.5%), while the other leaders experienced more modest paces of growth.

Imports of Instruments for Measuring Electrical Quantities

Imports in Eastern Europe

In 2021, purchases abroad of instruments for measuring electrical quantities increased by 48% to X units, rising for the second year in a row after two years of decline. Total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +6.9% 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 +58.3% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, instruments for measuring electrical quantities imports soared to $X in 2021. Total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +48.1% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of instruments for measuring electrical quantities imports in 2021 were the Czech Republic (X units), Poland (X units) and Russia (X units), together finishing at 67% of total import. Romania (X units) took a 9.4% share (based on physical terms) of total imports, which put it in second place, followed by Hungary (7.8%). The following importers - Ukraine (X units) and Belarus (X units) - each amounted to a 7.9% share 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 Belarus (with a CAGR of +29.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Russia ($X) and Poland ($X) were the countries with the highest levels of imports in 2021, with a combined 66% share of total imports. Romania, Hungary, Ukraine and Belarus lagged somewhat behind, together accounting for a further 25%.

Among the main importing countries, Hungary, with a CAGR of +14.6%, recorded the highest growth rate of 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, declining by -5.9% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 41%. The level of import peaked at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Romania ($X per unit), while Belarus ($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 (+5.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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