Europe: Computing Machinery Market 2024

Computing Machinery Market Size in Europe

The Europe computing machinery market totaled $X in 2021, with an increase of 3.4% against the previous year. The market value increased at an average annual rate of +1.7% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in years to come.

Computing Machinery Production in Europe

In value terms, computing machinery production surged to $X in 2021 estimated in export price. Overall, production continues to indicate a slight descent. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Computing Machinery Exports

Exports in Europe

In 2021, overseas shipments of computing machinery and parts and accessories thereof decreased by -0.1% to X tons for the first time since 2017, thus ending a three-year rising trend. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 22% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, computing machinery exports expanded significantly to $X in 2021. The total export value increased at an average annual rate of +3.3% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 25%. Over the period under review, the exports attained the peak figure in 2021 and are likely to see gradual growth in years to come.

Exports by Country

The Netherlands represented the major exporter of computing machinery and parts and accessories thereof in Europe, with the volume of exports amounting to X tons, which was approx. 44% of total exports in 2021. Germany (X tons) held the second position in the ranking, distantly followed by the Czech Republic (X tons) and Belgium (X tons). All these countries together took near 29% share of total exports. The following exporters - the UK (X tons), Poland (X tons), France (X tons), Hungary (X tons), Italy (X tons) and Spain (X tons) - together made up 17% of total exports.

The Netherlands was also the fastest-growing in terms of the computing machinery and parts and accessories thereof exports, with a CAGR of +3.5% from 2012 to 2021. At the same time, Hungary (+2.4%) and Spain (+1.7%) displayed positive paces of growth. Italy and Belgium experienced a relatively flat trend pattern. By contrast, the Czech Republic (-2.8%), Poland (-3.0%), Germany (-3.2%), France (-3.4%) and the UK (-4.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the Netherlands increased by +12 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X), Germany ($X) and the Czech Republic ($X) were the countries with the highest levels of exports in 2021, together accounting for 67% of total exports. Poland, the UK, France, Hungary, Belgium, Italy and Spain lagged somewhat behind, together comprising a further 20%.

Poland, with a CAGR of +8.9%, recorded the highest growth rate of 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

The export price in Europe stood at $X per ton in 2021, increasing by 11% against the previous year. Over the last nine years, it increased at an average annual rate of +3.5%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 the Czech Republic ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+12.3%), while the other leaders experienced more modest paces of growth.

Computing Machinery Imports

Imports in Europe

Computing machinery imports fell to X tons in 2021, which is down by -6.1% on the previous year. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 22%. As a result, imports reached the peak of X tons, and then dropped in the following year.

In value terms, computing machinery imports rose notably to $X in 2021. The total import value increased at an average annual rate of +2.9% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 20% against the previous year. The level of import peaked in 2021 and is likely to see gradual growth in the near future.

Imports by Country

In 2021, the Netherlands (X tons), distantly followed by Germany (X tons), the Czech Republic (X tons), France (X tons) and the UK (X tons) represented the major importers of computing machinery and parts and accessories thereof, together achieving 68% of total imports. The following importers - Russia (X tons), Italy (X tons), Poland (X tons), Belgium (X tons), Spain (X tons), Hungary (X tons) and Sweden (X tons) - together made up 21% of total imports.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +10.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and the UK ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 50% share of total imports. The Czech Republic, France, Russia, Italy, Poland, Spain, Sweden, Belgium and Hungary lagged somewhat behind, together comprising a further 35%.

In terms of the main importing countries, Hungary, with a CAGR of +5.6%, 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

The import price in Europe stood at $X per ton in 2021, growing by 20% against the previous year. Over the last nine years, it increased at an average annual rate of +3.1%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the UK ($X per ton), while the Czech Republic ($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 UK (+10.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform