EU: Market for Parts Of Apparatus Of Hs 2024

Market Size for Parts Of Apparatus Of Hs in the EU

The EU market for parts of apparatus of hs surged to $X in 2021, picking up by 25% against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Production of Parts Of Apparatus Of Hs in the EU

In value terms, parts of apparatus of hs production skyrocketed to $X in 2021 estimated in export price. Overall, production, however, saw a perceptible descent. The most prominent rate of growth was recorded in 2017 with an increase of 2,347%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Parts Of Apparatus Of Hs

Exports in the EU

In 2021, shipments abroad of parts of apparatus of hs increased by 17% to X units, rising for the fifth year in a row after two years of decline. 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 years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +114.2% against 2016 indices. The growth pace was the most rapid in 2014 with an increase of 42%. Over the period under review, the exports attained the maximum in 2021 and are likely to see steady growth in years to come.

In value terms, parts of apparatus of hs exports soared to $X in 2021. Over the period under review, exports continue to indicate resilient growth. The pace of growth was the most pronounced in 2020 with an increase of 37% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to see gradual growth in the near future.

Exports by Country

The Netherlands represented the main exporting country with an export of around X units, which resulted at 41% of total exports. Germany (X units) took the second position in the ranking, followed by Belgium (X units), Hungary (X units), Italy (X units) and Poland (X units). All these countries together took approx. 39% share of total exports. The Czech Republic (X units) and Denmark (X units) followed a long way behind the leaders.

The Netherlands was also the fastest-growing in terms of the parts of apparatus of hs exports, with a CAGR of +19.5% from 2012 to 2021. At the same time, Poland (+13.0%), the Czech Republic (+10.6%), Belgium (+4.1%), Germany (+1.5%) and Denmark (+1.2%) displayed positive paces of growth. Italy experienced a relatively flat trend pattern. By contrast, Hungary (-4.7%) illustrated a downward trend over the same period. While the share of the Netherlands (+27 p.p.) and Poland (+2.1 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Denmark (-1.8 p.p.), Belgium (-2 p.p.), Italy (-4.1 p.p.), Germany (-7.3 p.p.) and Hungary (-8.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest parts of apparatus of hs supplying countries in the European Union were the Netherlands ($X), Germany ($X) and Italy ($X), together accounting for 53% of total exports. Belgium, Poland, the Czech Republic, Denmark and Hungary lagged somewhat behind, together comprising a further 28%.

Poland, with a CAGR of +31.8%, recorded the highest growth rate of the value of exports, among 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, with an increase of 3.9% against the previous year. Export price indicated a strong expansion from 2012 to 2021: its price increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, parts of apparatus of hs export price increased by +18.4% against 2019 indices. The growth pace was the most rapid in 2015 an increase of 39%. Over the period under review, the export prices attained the maximum in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+22.5%), while the other leaders experienced more modest paces of growth.

Imports of Parts Of Apparatus Of Hs

Imports in the EU

Parts of apparatus of hs imports amounted to X units in 2021, surging by 5.5% on the previous year. Total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +6.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +55.1% against 2016 indices. The most prominent rate of growth was recorded in 2014 with an increase of 23% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, parts of apparatus of hs imports soared to $X in 2021. Overall, imports recorded a buoyant expansion. The growth pace was the most rapid in 2020 when imports increased by 21% against the previous year. The level of import peaked in 2021 and is expected to retain growth in years to come.

Imports by Country

The Netherlands (X units) and Germany (X units) were the main importers of parts of apparatus of hs in 2021, finishing at approx. 24% and 21% of total imports, respectively. It was distantly followed by France (X units), Poland (X units), Spain (X units), Hungary (X units) and Belgium (X units), together comprising a 31% share of total imports. The following importers - the Czech Republic (X units), Italy (X units), Sweden (X units), Slovakia (X units) and Denmark (X units) - together made up 18% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Belgium (with a CAGR of +21.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest parts of apparatus of hs importing markets in the European Union were Germany ($X), the Netherlands ($X) and France ($X), with a combined 50% share of total imports. Poland, Sweden, the Czech Republic, Belgium, Italy, Spain, Denmark, Hungary and Slovakia lagged somewhat behind, together comprising a further 40%.

In terms of the main importing countries, Poland, with a CAGR of +22.5%, recorded 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, rising by 10% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.9%. The most prominent rate of growth was recorded in 2018 an increase of 17%. Over the period under review, import prices hit record highs in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+11.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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