EU: Test And Measurement Market 2024

Test And Measurement Market Size in the EU

The EU test and measurement market soared to $X in 2021, jumping by 24% against the previous year. The total consumption indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +4.7% 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 +57.5% against 2015 indices. Over the period under review, the market reached the maximum level in 2021 and is expected to retain growth in the immediate term.

Test And Measurement Production in the EU

In value terms, test and measurement production shrank to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 with an increase of 19%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Test And Measurement Exports

Exports in the EU

In 2021, approx. X units of instruments and apparatus for measuring or checking pressure of liquids or gasses were exported in the European Union; rising by 21% on the previous year. The total export volume increased at an average annual rate of +2.1% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The volume of export peaked at X units in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, test and measurement exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +4.4% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany dominates exports structure, amounting to X units, which was approx. 59% of total exports in 2021. It was distantly followed by Poland (X units), Bulgaria (X units) and Spain (X units), together achieving a 22% share of total exports. France (X units), Italy (X units), Belgium (X units) and the Netherlands (X units) took a little share of total exports.

Germany experienced a relatively flat trend pattern with regard to volume of exports of instruments and apparatus for measuring or checking pressure of liquids or gasses. At the same time, Belgium (+29.5%), Bulgaria (+21.0%), France (+7.6%), Spain (+6.6%), Italy (+6.4%) and Poland (+3.4%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +29.5% from 2012-2021. By contrast, the Netherlands (-18.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Bulgaria, Belgium, Spain and France increased by +5, +2.4, +1.9 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest test and measurement supplier in the European Union, comprising 61% of total exports. The second position in the ranking was taken by France ($X), with an 8.2% share of total exports. It was followed by Italy, with a 4.7% share.

From 2012 to 2021, the average annual growth rate of value in Germany stood at +4.6%. The remaining exporting countries recorded the following average annual rates of exports growth: France (+2.9% per year) and Italy (+6.0% per year).

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per unit, dropping by -5.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2020 an increase of 15%. As a result, the export price attained the peak level of $X per unit, and then contracted in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while Spain ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+15.0%), while the other leaders experienced more modest paces of growth.

Test And Measurement Imports

Imports in the EU

In 2021, after two years of decline, there was significant growth in overseas purchases of instruments and apparatus for measuring or checking pressure of liquids or gasses, when their volume increased by 17% to X units. The total import volume increased at an average annual rate of +1.6% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The volume of import peaked at X units in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, test and measurement imports skyrocketed to $X in 2021. Total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany represented the major importing country with an import of about X units, which reached 46% of total imports. Poland (X units) ranks second in terms of the total imports with a 7.6% share, followed by Italy (7.6%), the Czech Republic (6.1%) and France (4.5%). Spain (X units), the Netherlands (X units), Hungary (X units), Belgium (X units), Slovakia (X units), Romania (X units) and Austria (X units) held a minor share of total imports.

Germany experienced a relatively flat trend pattern with regard to volume of imports of instruments and apparatus for measuring or checking pressure of liquids or gasses. At the same time, Belgium (+21.3%), Spain (+20.1%), Slovakia (+16.2%), Poland (+14.9%), Romania (+11.7%), the Czech Republic (+11.2%), Austria (+8.6%) and Italy (+1.6%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing importer imported in the European Union, with a CAGR of +21.3% from 2012-2021. Hungary and France experienced a relatively flat trend pattern. By contrast, the Netherlands (-11.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Poland, Spain, the Czech Republic, Belgium and Slovakia increased by +5.1, +3.5, +3.4, +2.5 and +2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported instruments and apparatus for measuring or checking pressure of liquids or gasses in the European Union, comprising 38% of total imports. The second position in the ranking was taken by France ($X), with an 11% share of total imports. It was followed by Italy, with an 8.3% share.

In Germany, test and measurement imports increased at an average annual rate of +6.9% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: France (+3.6% per year) and Italy (+6.0% per year).

Import Prices by Country

In 2021, the import price in the European Union amounted to $X per unit, approximately equating the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.4%. The pace of growth appeared the most rapid in 2017 when the import price increased by 18%. Over the period under review, import prices hit record highs at $X per unit in 2020, and then reduced slightly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was France ($X per unit), while Slovakia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+12.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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