EU: Inductor Market 2024

Inductor Market Size in the EU

In 2022, the EU inductor market increased by 4.4% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption enjoyed resilient growth. The level of consumption peaked in 2022 and is likely to see gradual growth in the near future.

Inductor Production in the EU

In value terms, inductor production declined to $X in 2022 estimated in export price. In general, production showed a mild expansion. The pace of growth was the most pronounced in 2018 when the production volume increased by 34%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Inductor Exports

Exports in the EU

In 2022, after two years of growth, there was decline in overseas shipments of inductors, when their volume decreased by -1.8% to X units. The total export volume increased at an average annual rate of +3.5% 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 11% against the previous year. As a result, the exports attained the peak of X units, and then dropped slightly in the following year.

In value terms, inductor exports contracted modestly to $X in 2022. Total exports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +23.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 25%. As a result, the exports reached the peak of $X, leveling off in the following year.

Exports by Country

In 2022, Germany (X units), distantly followed by Austria (X units), the Czech Republic (X units), Estonia (X units), Belgium (X units), Italy (X units) and Hungary (X units) represented the main exporters of inductors, together making up 75% of total exports. Poland (X units), France (X units), Romania (X units), Bulgaria (X units), Sweden (X units) and the Netherlands (X units) followed a long way behind the leaders.

Exports from Germany increased at an average annual rate of +2.2% from 2012 to 2022. At the same time, Belgium (+29.6%), Estonia (+13.0%), Bulgaria (+8.9%), the Netherlands (+7.0%), Romania (+4.5%), Austria (+4.2%), France (+2.8%) and the Czech Republic (+1.2%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +29.6% from 2012-2022. Hungary, Sweden and Italy experienced a relatively flat trend pattern. By contrast, Poland (-4.5%) illustrated a downward trend over the same period. While the share of Belgium (+7.3 p.p.) and Estonia (+5.6 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the Czech Republic (-2.4 p.p.), Italy (-2.9 p.p.), Germany (-3.5 p.p.) and Poland (-4.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest inductor supplier in the European Union, comprising 43% of total exports. The second position in the ranking was held by Hungary ($X), with a 7.7% share of total exports. It was followed by Austria, with a 7.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Germany amounted to +5.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Hungary (+3.2% per year) and Austria (+3.7% per year).

Export Prices by Country

The export price in the European Union stood at $X per unit in 2022, stabilizing at the previous year. Over the last decade, it increased at an average annual rate of +1.0%. The most prominent rate of growth was recorded in 2021 an increase of 12% against the previous year. Over the period under review, the export prices attained the peak figure in 2022 and is expected to retain growth in the near future.

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 the Netherlands ($X per unit), while Estonia (less than $X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.1%), while the other leaders experienced more modest paces of growth.

Inductor Imports

Imports in the EU

In 2022, approx. X units of inductors were imported in the European Union; declining by -6.7% on 2021. Total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +5.8% 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 +22.6% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 31%. As a result, imports reached the peak of X units, and then dropped in the following year.

In value terms, inductor imports dropped to $X in 2022. Total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +6.3% 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 +27.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 35% against the previous year. As a result, imports reached the peak of $X, and then shrank in the following year.

Imports by Country

In 2022, Germany (X units) was the key importer of inductors, creating 33% of total imports. It was distantly followed by Belgium (X units), Italy (X units), the Czech Republic (X units), Spain (X units), France (X units), Hungary (X units) and Romania (X units), together committing a 47% share of total imports.

Imports into Germany increased at an average annual rate of +4.2% from 2012 to 2022. At the same time, Belgium (+30.3%), Spain (+17.8%), the Czech Republic (+10.9%), Hungary (+7.8%), Italy (+7.6%), Romania (+6.9%) and France (+3.9%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing importer imported in the European Union, with a CAGR of +30.3% from 2012-2022. While the share of Belgium (+9.2 p.p.), Spain (+3.8 p.p.) and the Czech Republic (+2.3 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Germany (-5.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported inductors in the European Union, comprising 43% of total imports. The second position in the ranking was taken by Hungary ($X), with a 6.9% share of total imports. It was followed by France, with a 6.1% share.

In Germany, inductor imports increased at an average annual rate of +6.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Hungary (+8.6% per year) and France (+3.3% per year).

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per unit, surging by 1.7% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the import price increased by 4.5% against the previous year. Over the period under review, import prices reached the maximum at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Hungary ($X per unit), while Belgium (less than $X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+7.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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