Europe: Smart Card Market 2024

Smart Card Market Size in Europe

The Europe smart card market skyrocketed to $X in 2022, surging by 18% against the previous year. Overall, consumption continues to indicate a buoyant increase. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Smart Card Production in Europe

In value terms, smart card production skyrocketed to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Smart Card Exports

Exports in Europe

For the seventh consecutive year, Europe recorded growth in shipments abroad of cards incorporating an electronic integrated circuit (smart card), which increased by 24% to X units in 2022. Total exports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +70.0% against 2015 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, smart card exports soared to $X in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

The shipments of the three major exporters of cards incorporating an electronic integrated circuit (smart card), namely France, Germany and Spain, represented more than third of total export. Romania (X units) took a 7.5% share (based on physical terms) of total exports, which put it in second place, followed by the Netherlands (6.8%), Austria (6.7%), Slovakia (6.6%), Poland (5%) and the Czech Republic (4.6%).

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +52.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and the Netherlands ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined 40% share of total exports. Spain, Poland, Austria, the Czech Republic, Romania and Slovakia lagged somewhat behind, together accounting for a further 34%.

Romania, with a CAGR of +38.4%, recorded the highest rates of growth with regard to 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

In 2022, the export price in Europe amounted to $X per unit, shrinking by -5.2% against the previous year. In general, the export price showed a deep slump. The most prominent rate of growth was recorded in 2015 an increase of 3.3% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+0.5%), while the other leaders experienced a decline in the export price figures.

Smart Card Imports

Imports in Europe

In 2022, the amount of cards incorporating an electronic integrated circuit (smart card) imported in Europe soared to X units, with an increase of 16% on 2021. In general, imports saw a prominent increase. The pace of growth was the most pronounced in 2014 with an increase of 28% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in years to come.

In value terms, smart card imports skyrocketed to $X in 2022. Overall, imports saw a relatively flat trend pattern. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, France (X units), Germany (X units) and the Netherlands (X units) represented the major importer of cards incorporating an electronic integrated circuit (smart card) in Europe, comprising 41% of total import. Spain (X units) held the next position in the ranking, followed by the UK (X units), Italy (X units), Poland (X units) and Austria (X units). All these countries together took near 30% share of total imports. The following importers - Russia (X units), Slovakia (X units), Romania (X units) and Portugal (X units) - together made up 14% of total imports.

From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of +45.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest smart card importing markets in Europe were Germany ($X), France ($X) and the UK ($X), with a combined 36% share of total imports. Spain, the Netherlands, Austria, Italy, Poland, Romania, Slovakia, Russia and Portugal lagged somewhat behind, together accounting for a further 38%.

Slovakia, with a CAGR of +23.9%, saw the highest growth rate of the value of imports, among 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 2022, the import price in Europe amounted to $X per unit, growing by 1.6% against the previous year. Over the period under review, the import price, however, showed a deep slump. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per unit), while the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (-1.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform