EU: Transmission Apparatus Market 2024

Transmission Apparatus Market Size in the EU

In 2021, the EU transmission apparatus market increased by 11% to $X, rising for the second year in a row after three years of decline. The market value increased at an average annual rate of +2.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Transmission Apparatus Production in the EU

In value terms, transmission apparatus production shrank to $X in 2021 estimated in export price. In general, production, however, showed a abrupt decline. The pace of growth was the most pronounced in 2014 when the production volume increased by 44%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Transmission Apparatus Exports

Exports in the EU

After two years of growth, shipments abroad of transmission apparatus incorporating reception apparatus decreased by -6.5% to X tons in 2021. In general, exports recorded a mild descent. The pace of growth appeared the most rapid in 2020 with an increase of 26%. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, transmission apparatus exports reduced slightly to $X in 2021. Over the period under review, exports, however, recorded a strong expansion. The growth pace was the most rapid in 2020 with an increase of 59%. As a result, the exports attained the peak of $X, and then declined in the following year.

Exports by Country

In 2021, the Netherlands (X tons), distantly followed by Germany (X tons), the Czech Republic (X tons), France (X tons), Belgium (X tons), Spain (X tons), Slovakia (X tons) and Poland (X tons) were the largest exporters of transmission apparatus incorporating reception apparatus, together achieving 80% of total exports.

Exports from the Netherlands increased at an average annual rate of +15.1% from 2012 to 2021. At the same time, Belgium (+24.1%), the Czech Republic (+8.1%), Poland (+5.8%) and Spain (+3.8%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +24.1% from 2012-2021. By contrast, France (-4.0%), Slovakia (-5.6%) and Germany (-5.9%) illustrated a downward trend over the same period. While the share of the Netherlands (+21 p.p.), Belgium (+5.4 p.p.), the Czech Republic (+5.2 p.p.), Poland (+2.3 p.p.) and Spain (+2.2 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of France (-2.2 p.p.), Slovakia (-2.6 p.p.) and Germany (-7.1 p.p.) displayed negative dynamics.

In value terms, the Netherlands ($X) remains the largest transmission apparatus supplier in the European Union, comprising 40% of total exports. The second position in the ranking was taken by Germany ($X), with a 13% share of total exports. It was followed by the Czech Republic, with a 13% share.

In the Netherlands, transmission apparatus exports increased at an average annual rate of +32.9% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Germany (+1.6% per year) and the Czech Republic (+11.5% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2021, surging by 4.6% against the previous year. Export price indicated a strong expansion from 2012 to 2021: its price increased at an average annual rate of +7.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, transmission apparatus export price increased by +91.0% against 2014 indices. The growth pace was the most rapid in 2020 when the export price increased by 26% against the previous year. Over the period under review, the export prices attained the maximum in 2021 and is expected to retain growth in the near future.

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 Slovakia ($X per ton), while France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+15.5%), while the other leaders experienced more modest paces of growth.

Transmission Apparatus Imports

Imports in the EU

In 2021, supplies from abroad of transmission apparatus incorporating reception apparatus increased by 3.1% to X tons, rising for the second consecutive year after three years of decline. The total import volume increased at an average annual rate of +2.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 17%. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, transmission apparatus imports expanded modestly to $X in 2021. Total imports indicated a resilient expansion from 2012 to 2021: its value 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, imports increased by +57.7% against 2016 indices. The growth pace was the most rapid in 2020 with an increase of 31% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the near future.

Imports by Country

The purchases of the twelve major importers of transmission apparatus incorporating reception apparatus, namely the Netherlands, Germany, France, Spain, Italy, Belgium, Austria, the Czech Republic, Poland, Slovakia, Denmark and Sweden, represented more than two-thirds of total import.

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 +15.4%), while imports for the other leaders experienced more modest paces of growth.

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 comprising 47% of total imports.

The Netherlands, with a CAGR of +22.2%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries 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 ton, stabilizing at the previous year. Import price indicated a noticeable increase from 2012 to 2021: its price increased at an average annual rate of +3.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, transmission apparatus import price increased by +96.2% against 2016 indices. The most prominent rate of growth was recorded in 2017 when the import price increased by 56%. Over the period under review, import prices hit record highs in 2021 and is likely to see steady growth in the immediate term.

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

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

Source: IndexBox Platform

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