Europe: Inductor Market 2025

Inductor Market Size in Europe

In 2022, the Europe inductor market increased by 4.3% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption saw a prominent expansion. The level of consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Inductor Production in Europe

In value terms, inductor production fell to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 when the production volume increased by 32%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Inductor Exports

Exports in Europe

After two years of growth, shipments abroad of inductors decreased by -2.1% to X units in 2022. The total export volume increased at an average annual rate of +3.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 9.9% against the previous year. As a result, the exports attained the peak of X units, and then contracted in the following year.

In value terms, inductor exports shrank to $X in 2022. The total export value increased at an average annual rate of +4.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 21%. As a result, the exports reached the peak of $X, leveling off in the following year.

Exports by Country

In 2022, Germany (X units), distantly followed by Austria (X units), the Czech Republic (X units), Estonia (X units), Belgium (X units), Italy (X units) and Hungary (X units) were the major exporters of inductors, together mixing up 72% of total exports. Poland (X units), France (X units), Romania (X units), Bulgaria (X units), Sweden (X units) and the Netherlands (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to inductor exports from Germany stood at +2.2%. At the same time, Belgium (+29.6%), Estonia (+13.0%), Bulgaria (+8.9%), the Netherlands (+7.0%), Romania (+4.5%), Austria (+4.2%), France (+2.8%) and the Czech Republic (+1.2%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing exporter exported in Europe, with a CAGR of +29.6% from 2012-2022. Hungary, Sweden and Italy experienced a relatively flat trend pattern. By contrast, Poland (-4.5%) illustrated a downward trend over the same period. Belgium (+7.1 p.p.) and Estonia (+5.6 p.p.) significantly strengthened its position in terms of the total exports, while the Czech Republic, Germany, Italy and Poland saw its share reduced by -1.8%, -1.9%, -2.4% and -3.8% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest inductor supplier in Europe, comprising 41% of total exports. The second position in the ranking was held by Hungary ($X), with a 7.2% share of total exports. It was followed by Austria, with a 6.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Germany stood at +5.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Hungary (+3.2% per year) and Austria (+3.7% per year).

Export Prices by Country

The export price in Europe stood at $X per unit in 2022, rising by 1.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2021 when the export price increased by 10%. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while Estonia (less than $X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.1%), while the other leaders experienced more modest paces of growth.

Inductor Imports

Imports in Europe

Inductor imports shrank to X units in 2022, with a decrease of -6.8% on the previous year's figure. Total imports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +5.0% 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 +20.2% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 29% against the previous year. As a result, imports attained the peak of X units, and then contracted in the following year.

In value terms, inductor imports contracted to $X in 2022. Total imports indicated a buoyant expansion 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 +26.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 32%. As a result, imports reached the peak of $X, and then declined slightly in the following year.

Imports by Country

In 2022, Germany (X units) represented the key importer of inductors, committing 30% of total imports. Belgium (X units) held a 9.7% share (based on physical terms) of total imports, which put it in second place, followed by Italy (7.7%), the Czech Republic (5.7%), Spain (5.4%), France (5%), Hungary (4.9%) and Romania (4.7%). Denmark (X units), Finland (X units), Austria (X units), the UK (X units) and Slovakia (X units) took a little share of total imports.

Imports into Germany increased at an average annual rate of +4.2% from 2012 to 2022. At the same time, Belgium (+30.3%), Spain (+17.8%), the Czech Republic (+10.9%), Slovakia (+8.9%), Hungary (+7.8%), Italy (+7.6%), Romania (+6.9%), France (+3.9%), Finland (+3.5%) and Austria (+3.4%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing importer imported in Europe, with a CAGR of +30.3% from 2012-2022. Denmark experienced a relatively flat trend pattern. By contrast, the UK (-3.0%) illustrated a downward trend over the same period. While the share of Belgium (+8.6 p.p.), Spain (+3.7 p.p.), the Czech Republic (+2.4 p.p.) and Italy (+1.7 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Denmark (-1.7 p.p.), Germany (-2.4 p.p.) and the UK (-3.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported inductors in Europe, comprising 39% of total imports. The second position in the ranking was held by Hungary ($X), with a 6.3% share of total imports. It was followed by France, with a 5.5% share.

In Germany, inductor imports expanded at an average annual rate of +6.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Hungary (+8.6% per year) and France (+3.3% per year).

Import Prices by Country

In 2022, the import price in Europe amounted to $X per unit, growing by 2.7% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 5% against the previous year. Over the period under review, import prices attained the maximum in 2022 and is expected to retain growth in years to come.

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 Hungary ($X per unit), while Belgium (less than $X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+7.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform