EU: Measuring Instrument Market 2022

Measuring Instrument Market Size in the EU

The EU measuring instrument market reached $X in 2021, picking up by 4.6% against the previous year. The total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +7.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +88.0% against 2012 indices. Over the period under review, the market attained the maximum level in 2021 and is expected to retain growth in years to come.

Measuring Instrument Production in the EU

In value terms, measuring instrument production totaled $X in 2021 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 25%. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Measuring Instrument Exports

Exports in the EU

Measuring instrument exports rose markedly to X units in 2021, surging by 11% against the year before. The total export volume increased at an average annual rate of +3.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 with an increase of 11% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, measuring instrument exports expanded notably to $X in 2021. The total export value increased at an average annual rate of +3.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 with an increase of 16% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

Exports by Country

In 2021, Germany (X units) was the key exporter of instruments and apparatus for measuring or checking the flow or level of liquids, generating 38% of total exports. France (X units) held the second position in the ranking, distantly followed by Italy (X units), the Czech Republic (X units) and Hungary (X units). All these countries together held approx. 38% share of total exports. Romania (X units), the Netherlands (X units), Spain (X units), Denmark (X units), Belgium (X units), Poland (X units) and Austria (X units) held a little share of total exports.

Exports from Germany increased at an average annual rate of +3.2% from 2012 to 2021. At the same time, Romania (+36.0%), Denmark (+24.7%), Poland (+13.3%), France (+6.8%), Italy (+5.7%), Spain (+5.7%), Hungary (+3.1%), Belgium (+1.7%) and Austria (+1.0%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +36.0% from 2012-2021. The Netherlands experienced a relatively flat trend pattern. By contrast, the Czech Republic (-4.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of France, Romania, Denmark and Italy increased by +4.2, +3.9, +2.1 and +1.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest measuring instrument supplier in the European Union, comprising 45% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 14% share of total exports. It was followed by France, with a 13% share.

In Germany, measuring instrument exports expanded at an average annual rate of +3.7% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the Netherlands (+1.6% per year) and France (+1.6% per year).

Export Prices by Country

The export price in the European Union stood at $X per unit in 2021, almost unchanged from the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 7.8%. The level of export peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+6.8%), while the other leaders experienced more modest paces of growth.

Measuring Instrument Imports

Imports in the EU

In 2021, measuring instrument imports in the European Union stood at X units, increasing by 11% against 2020 figures. Total imports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +5.9% 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 +75.8% against 2015 indices. The pace of growth was the most pronounced in 2017 when imports increased by 14%. The volume of import peaked in 2021 and is likely to see steady growth in the near future.

In value terms, measuring instrument imports expanded notably to $X in 2021. The total import value increased at an average annual rate of +4.2% over the period from 2012 to 2021; however, the trend pattern 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

In 2021, Germany (X units) and the Czech Republic (X units) represented the major importers of instruments and apparatus for measuring or checking the flow or level of liquids in the European Union, together committing 38% of total imports. Poland (X units) took the next position in the ranking, followed by France (X units), Italy (X units), the Netherlands (X units), Romania (X units) and Spain (X units). All these countries together took approx. 43% 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 Poland (with a CAGR of +13.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constitutes the largest market for imported instruments and apparatus for measuring or checking the flow or level of liquids in the European Union, comprising 26% of total imports. The second position in the ranking was taken by France ($X), with an 11% share of total imports. It was followed by the Netherlands, with a 10% share.

In Germany, measuring instrument imports expanded at an average annual rate of +2.5% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: France (+4.8% per year) and the Netherlands (+5.9% per year).

Import Prices by Country

In 2021, the import price in the European Union amounted to $X per unit, rising by 2.1% against the previous year. In general, the import price, however, continues to indicate a mild contraction. The pace of growth was the most pronounced in 2013 an increase of 10%. The level of import peaked at $X per unit in 2015; however, from 2016 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 the Netherlands ($X per unit), while the Czech Republic ($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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