EU: Microscope Market 2024

Microscope Market Size in the EU

In 2021, after two years of growth, there was decline in the EU microscope market, when its value decreased by -0.1% to $X. The market value increased at an average annual rate of +1.4% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations in certain years. Over the period under review, the market hit record highs at $X in 2020, and then dropped in the following year.

Microscope Production in the EU

In value terms, microscope production amounted to $X in 2021 estimated in export price. Overall, production continues to indicate a mild expansion. The most prominent rate of growth was recorded in 2017 when the production volume increased by 31%. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Microscope Exports

Exports in the EU

Microscope exports surged to X units in 2021, rising by 22% against the previous year's figure. Total exports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +6.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when exports increased by 29% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in years to come.

In value terms, microscope exports skyrocketed to $X in 2021. Overall, exports recorded prominent growth. The growth pace was the most rapid in 2018 with an increase of 44%. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the near future.

Exports by Country

The Czech Republic was the main exporting country with an export of around X units, which resulted at 46% of total exports. It was distantly followed by the Netherlands (X units), Germany (X units) and France (X units), together generating a 46% share of total exports. Belgium (X units) held a little share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Belgium (with a CAGR of +35.6%), while the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), the Netherlands ($X) and Germany ($X) were the countries with the highest levels of exports in 2021, with a combined 98% share of total exports. France and Belgium lagged somewhat behind, together comprising a further 1.1%.

Belgium, with a CAGR of +18.6%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries 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 the European Union stood at $X per unit in 2021, falling by -2.6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.1%. The pace of growth was the most pronounced in 2018 when the export price increased by 20% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2019 to 2021, the export prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per unit), while Belgium ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+4.2%), while the other leaders experienced more modest paces of growth.

Microscope Imports

Imports in the EU

In 2021, overseas purchases of microscopes and diffraction apparatus increased by 27% to X units, rising for the fifth consecutive year after three years of decline. Overall, imports recorded a buoyant increase. The most prominent rate of growth was recorded in 2017 when imports increased by 49%. Over the period under review, imports attained the peak figure in 2021 and are likely to see gradual growth in the near future.

In value terms, microscope imports expanded sharply to $X in 2021. Over the period under review, imports showed prominent growth. The pace of growth appeared the most rapid in 2017 with an increase of 110%. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Belgium (X units), distantly followed by Germany (X units), the Netherlands (X units), France (X units), Spain (X units) and Italy (X units) represented the key importers of microscopes and diffraction apparatus, together generating 73% of total imports. The following importers - Romania (X units), the Czech Republic (X units), Poland (X units), Portugal (X units), Denmark (X units) and Bulgaria (X units) - together made up 19% of total imports.

Imports into Belgium increased at an average annual rate of +44.0% from 2012 to 2021. At the same time, Portugal (+52.8%), Bulgaria (+41.6%), Denmark (+33.8%), Spain (+21.0%), Italy (+13.4%), the Netherlands (+7.4%), Romania (+6.4%), Germany (+4.9%), France (+3.9%) and Poland (+3.7%) displayed positive paces of growth. Moreover, Portugal emerged as the fastest-growing importer imported in the European Union, with a CAGR of +52.8% from 2012-2021. The Czech Republic experienced a relatively flat trend pattern. Belgium (+24 p.p.), Spain (+3.2 p.p.), Portugal (+3 p.p.), Denmark (+2.5 p.p.) and Bulgaria (+1.8 p.p.) significantly strengthened its position in terms of the total imports, while Romania, Poland, the Netherlands, the Czech Republic, France and Germany saw its share reduced by -1.6%, -2.7%, -4.1%, -5.7%, -6.6% and -8.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X), Germany ($X) and France ($X) appeared to be the countries with the highest levels of imports in 2021, together accounting for 71% of total imports. Italy, Spain, Belgium, Poland, the Czech Republic, Portugal, Denmark, Romania and Bulgaria lagged somewhat behind, together comprising a further 21%.

Among the main importing countries, Portugal, with a CAGR of +31.4%, saw the highest rates of growth with regard to 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 the European Union amounted to $X per unit, shrinking by -13.8% against the previous year. Overall, the import price recorded a pronounced decrease. The pace of growth appeared the most rapid in 2017 when the import price increased by 41% against the previous year. As a result, import price reached the peak level of $X per unit. From 2018 to 2021, the import prices remained at a 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 ($X per unit), while Bulgaria ($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 (+10.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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