EU: Remote Control Apparatus Market 2024

Remote Control Apparatus Market Size in the EU

In 2021, the EU remote control apparatus market increased by 16% to $X, rising for the third consecutive year after two years of decline. The market value increased at an average annual rate of +2.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Remote Control Apparatus Production in the EU

In value terms, remote control apparatus production contracted modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 27% against the previous year. As a result, production attained the peak level of $X, and then contracted in the following year.

Remote Control Apparatus Exports

Exports in the EU

In 2021, the amount of radio remote control apparatus exported in the European Union expanded rapidly to X tons, growing by 12% on the previous year's figure. Total exports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +6.2% 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 +72.3% against 2015 indices. The most prominent rate of growth was recorded in 2020 with an increase of 29%. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, remote control apparatus exports skyrocketed to $X in 2021. Total exports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +79.3% against 2015 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands (X tons) and Germany (X tons) were the major exporters of radio remote control apparatus in 2021, reaching near 21% and 20% of total exports, respectively. Austria (X tons) took an 8.9% share (based on physical terms) of total exports, which put it in second place, followed by Italy (8.2%), France (6%), Spain (5.9%) and the Czech Republic (4.6%). Poland (X tons), Portugal (X tons), Hungary (X tons), Sweden (X tons), Belgium (X tons) and Romania (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Portugal (with a CAGR of +29.3%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest remote control apparatus supplier in the European Union, comprising 39% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 12% share of total exports. It was followed by Italy, with a 7.7% share.

In Germany, remote control apparatus exports increased at an average annual rate of +3.9% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: the Netherlands (+30.3% per year) and Italy (+9.0% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2021, increasing by 6.7% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the export price increased by 9.1% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+9.1%), while the other leaders experienced more modest paces of growth.

Remote Control Apparatus Imports

Imports in the EU

Remote control apparatus imports soared to X tons in 2021, jumping by 31% compared with the year before. Over the period under review, imports posted a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, remote control apparatus imports soared to $X in 2021. Total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.7% 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 +79.7% against 2012 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the three major importers of radio remote control apparatus, namely Germany, the Netherlands and France, represented more than third of total import. Spain (X tons) ranks next in terms of the total imports with an 8.1% share, followed by Austria (8.1%), Belgium (6.5%) and Poland (6.5%). The Czech Republic (X tons), Portugal (X tons), Italy (X tons), Sweden (X tons), Hungary (X tons) and Finland (X tons) took a relatively small 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 the Netherlands (with a CAGR of +28.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constitutes the largest market for imported radio remote control apparatus in the European Union, comprising 26% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 12% share of total imports. It was followed by France, with a 12% share.

In Germany, remote control apparatus imports increased at an average annual rate of +4.8% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the Netherlands (+25.1% per year) and France (+5.6% per year).

Import Prices by Country

The import price in the European Union stood at $X per ton in 2021, shrinking by -7.5% against the previous year. Over the period under review, the import price continues to indicate a mild decrease. The pace of growth appeared the most rapid in 2017 an increase of 14% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Sweden ($X per ton), while Portugal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+4.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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