EU: Market for Wiring sets used in vehicles, aircraft or ships 2024

Market Size for Wiring sets used in vehicles, aircraft or ships in the EU

The EU market for wiring sets used in vehicles, aircraft or ships rose rapidly to $X in 2022, picking up by 9.9% against the previous year. The market value increased at an average annual rate of +3.0% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the immediate term.

Production of Wiring sets used in vehicles, aircraft or ships in the EU

In value terms, production of wiring sets used in vehicles, aircraft or ships rose remarkably to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 15% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Wiring sets used in vehicles, aircraft or ships

Exports in the EU

In 2022, after three years of decline, there was significant growth in overseas shipments of wiring sets used in vehicles, aircraft or ships, when their volume increased by 6.3% to X tons. The total export volume increased at an average annual rate of +1.3% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 when exports increased by 8.3% against the previous year. Over the period under review, the exports of reached the peak figure at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of wiring sets used in vehicles, aircraft or ships reduced slightly to $X in 2022. The total export value increased at an average annual rate of +2.3% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 11%. As a result, the exports reached the peak of $X, and then fell in the following year.

Exports by Country

Romania (X tons), the Czech Republic (X tons), Germany (X tons), Poland (X tons), Spain (X tons), Slovakia (X tons), Hungary (X tons), Bulgaria (X tons) and France (X tons) represented roughly 91% of total exports in 2022.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Spain (with a CAGR of +8.7%), while the other leaders experienced more modest paces of growth.

In value terms, Romania ($X), Germany ($X) and the Czech Republic ($X) constituted the countries with the highest levels of exports in 2022, together comprising 48% of total exports. Poland, Slovakia, Hungary, Spain, France and Bulgaria lagged somewhat behind, together accounting for a further 39%.

Spain, with a CAGR of +9.1%, recorded 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

In 2022, the export price in the European Union amounted to $X per ton, dropping by -8.6% against the previous year. Over the period under review, the export price, however, recorded a mild expansion. The pace of growth was the most pronounced in 2021 an increase of 14% against the previous year. As a result, the export price reached the peak level of $X per ton, and then contracted in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+4.7%), while the other leaders experienced more modest paces of growth.

Imports of Wiring sets used in vehicles, aircraft or ships

Imports in the EU

In 2022, the amount of wiring sets used in vehicles, aircraft or ships imported in the European Union expanded sharply to X tons, picking up by 9.6% against the year before. Total imports indicated a pronounced expansion from 2012 to 2022: its volume increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +11.0% against 2020 indices. The pace of growth was the most pronounced in 2014 when imports increased by 11%. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of wiring sets used in vehicles, aircraft or ships rose to $X in 2022. Total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +15.5% against 2020 indices. The pace of growth appeared the most rapid in 2018 with an increase of 18% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Germany (X tons), distantly followed by Spain (X tons), the Czech Republic (X tons), France (X tons), Slovakia (X tons), Hungary (X tons) and Italy (X tons) were the main importers of wiring sets used in vehicles, aircraft or ships, together mixing up 83% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Italy (with a CAGR of +11.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constitutes the largest market for imported wiring sets used in vehicles, aircraft or ships in the European Union, comprising 30% of total imports. The second position in the ranking was held by Spain ($X), with a 12% share of total imports. It was followed by the Czech Republic, with a 9.9% share.

From 2012 to 2022, the average annual growth rate of value in Germany stood at +2.8%. In the other countries, the average annual rates were as follows: Spain (+8.3% per year) and the Czech Republic (+7.9% per year).

Import Prices by Country

The import price in the European Union stood at $X per ton in 2022, declining by -6.4% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 11% against the previous year. As a result, import price attained the peak level of $X per ton, and then contracted in the following year.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Slovakia ($X per ton) and Germany ($X per ton), while Spain ($X per ton) and the Czech Republic ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+3.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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