EU: Market for Electronic Instruments And Machines For Measuring Geometrical Quantities 2024

Market Size for Electronic Instruments And Machines For Measuring Geometrical Quantities in the EU

In 2022, the EU geometrical quantities electronic measurer market increased by 1.3% to $X, rising for the third year in a row after two years of decline. In general, consumption continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Production of Electronic Instruments And Machines For Measuring Geometrical Quantities in the EU

In value terms, geometrical quantities electronic measurer production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2015 with an increase of 38% against the previous year. Over the period under review, production attained the peak level at $X in 2020; afterwards, it flattened through to 2022.

Exports of Electronic Instruments And Machines For Measuring Geometrical Quantities

Exports in the EU

In 2022, exports of electronic instruments and machines for measuring geometrical quantities in the European Union dropped modestly to X units, approximately equating 2021. The total export volume increased at an average annual rate of +2.3% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 16%. As a result, the exports reached the peak of X units, leveling off in the following year.

In value terms, geometrical quantities electronic measurer exports reduced to $X in 2022. The total export value increased at an average annual rate of +2.0% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 18% against the previous year. As a result, the exports reached the peak of $X, and then shrank in the following year.

Exports by Country

Germany represented the major exporting country with an export of around X units, which accounted for 38% of total exports. Italy (X units) took a 16% share (based on physical terms) of total exports, which put it in second place, followed by France (6.4%), the Netherlands (6.3%), Spain (5.3%) and Hungary (4.9%). Austria (X units), Poland (X units), Belgium (X units), Romania (X units), the Czech Republic (X units), Slovenia (X units) and Sweden (X units) held a little share of total exports.

Germany experienced a relatively flat trend pattern with regard to volume of exports of electronic instruments and machines for measuring geometrical quantities. At the same time, Poland (+12.4%), the Netherlands (+6.7%), Slovenia (+4.4%), Hungary (+4.3%), Spain (+4.1%), Italy (+3.2%), Belgium (+2.4%) and Romania (+1.7%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +12.4% from 2012-2022. France, Sweden, the Czech Republic and Austria experienced a relatively flat trend pattern. From 2012 to 2022, the share of the Netherlands and Poland increased by +2.1 and +2.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest geometrical quantities electronic measurer supplier in the European Union, comprising 47% of total exports. The second position in the ranking was held by Italy ($X), with an 11% share of total exports. It was followed by the Netherlands, with a 7.6% share.

In Germany, geometrical quantities electronic measurer exports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Italy (+4.4% per year) and the Netherlands (+10.3% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per unit, which is down by -7% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the export price increased by 3.9%. The level of export peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per unit), while Slovenia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovenia (+6.5%), while the other leaders experienced more modest paces of growth.

Imports of Electronic Instruments And Machines For Measuring Geometrical Quantities

Imports in the EU

In 2022, overseas purchases of electronic instruments and machines for measuring geometrical quantities increased by 4.8% to X units, rising for the second consecutive year after two years of decline. Total imports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +21.4% against 2020 indices. The pace of growth appeared the most rapid in 2018 with an increase of 17% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, geometrical quantities electronic measurer imports expanded slightly to $X in 2022. The total import value increased at an average annual rate of +4.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 15%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

In 2022, Germany (X units), distantly followed by Italy (X units), France (X units), Poland (X units), the Netherlands (X units), Spain (X units) and Belgium (X units) represented the main importers of electronic instruments and machines for measuring geometrical quantities, together mixing up 72% of total imports. The following importers - Austria (X units), Hungary (X units), the Czech Republic (X units), Slovakia (X units), Romania (X units) and Sweden (X units) - together made up 20% of total imports.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +12.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constitutes the largest market for imported electronic instruments and machines for measuring geometrical quantities in the European Union, comprising 27% of total imports. The second position in the ranking was taken by Italy ($X), with a 9.4% share of total imports. It was followed by France, with a 9.3% share.

In Germany, geometrical quantities electronic measurer imports remained relatively stable over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Italy (+5.1% per year) and France (+1.9% per year).

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per unit, falling by -2.6% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 7.5%. Over the period under review, import prices reached the maximum at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Austria ($X per unit), while Slovakia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+5.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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