Europe: Market for Non-Electronic Hydro-, Hygro-, Psychrometers 2024

Market Size for Non-Electronic Hydro-, Hygro-, Psychrometers in Europe

The Europe non-electronic hydro- and hygrometers market soared to $X in 2021, surging by 17% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. The level of consumption peaked in 2021 and is likely to see gradual growth in years to come.

Production of Non-Electronic Hydro-, Hygro-, Psychrometers in Europe

In value terms, non-electronic hydro- and hygrometers production rose significantly to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a pronounced downturn. The pace of growth was the most pronounced in 2018 when the production volume increased by 22%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Non-Electronic Hydro-, Hygro-, Psychrometers

Exports in Europe

In 2021, shipments abroad of non-electronic hydro-, hygro-, psychrometers increased by 14% to X units, rising for the sixth consecutive year after three years of decline. Total exports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +102.1% against 2015 indices. The most prominent rate of growth was recorded in 2018 with an increase of 18% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, non-electronic hydro- and hygrometers exports soared to $X in 2021. Total exports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +9.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +65.0% against 2017 indices. The pace of growth appeared the most rapid in 2014 with an increase of 31%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in years to come.

Exports by Country

In 2021, Poland (X units), the Netherlands (X units), Germany (X units) and Italy (X units) was the main exporter of non-electronic hydro-, hygro-, psychrometers in Europe, generating 52% of total export. It was distantly followed by Spain (X units), France (X units), the Czech Republic (X units) and the UK (X units), together constituting a 23% share of total exports. The following exporters - Austria (X units), Ukraine (X units), Finland (X units), Denmark (X units) and Sweden (X units) - together made up 14% of total exports.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +55.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and Finland ($X) were the countries with the highest levels of exports in 2021, with a combined 48% share of total exports. These countries were followed by Poland, France, the UK, Austria, Italy, Denmark, the Czech Republic, Spain, Sweden and Ukraine, which together accounted for a further 37%.

Poland, with a CAGR of +49.5%, saw 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

The export price in Europe stood at $X per unit in 2021, increasing by 5.9% against the previous year. Export price indicated a measured expansion from 2012 to 2021: its price increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when the export price increased by 39%. The level of export peaked at $X per unit in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+10.3%), while the other leaders experienced more modest paces of growth.

Imports of Non-Electronic Hydro-, Hygro-, Psychrometers

Imports in Europe

In 2021, purchases abroad of non-electronic hydro-, hygro-, psychrometers increased by 9.8% to X units, rising for the fifth year in a row after two years of decline. Total imports indicated moderate growth from 2012 to 2021: its volume increased at an average annual rate of +4.3% 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 +52.1% against 2016 indices. The most prominent rate of growth was recorded in 2018 with an increase of 17%. The volume of import peaked in 2021 and is expected to retain growth in the near future.

In value terms, non-electronic hydro- and hygrometers imports soared to $X in 2021. Total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +57.1% against 2017 indices. The pace of growth appeared the most rapid in 2014 with an increase of 26%. The level of import peaked in 2021 and is likely to see gradual growth in the near future.

Imports by Country

In 2021, Germany (X units), distantly followed by the Netherlands (X units), France (X units), the UK (X units), Spain (X units), Italy (X units), the Czech Republic (X units) and Poland (X units) were the largest importers of non-electronic hydro-, hygro-, psychrometers, together committing 75% of total imports. Russia (X units), Denmark (X units), Belgium (X units), Austria (X units) and Switzerland (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +16.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and France ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 47% share of total imports. Italy, Poland, the UK, Switzerland, Spain, Russia, Belgium, the Czech Republic, Austria and Denmark lagged somewhat behind, together comprising a further 39%.

Poland, with a CAGR of +17.3%, saw the highest rates of growth with regard to 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 2021, the import price in Europe amounted to $X per unit, rising by 8.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2014 when the import price increased by 22%. The level of import peaked at $X per unit in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Switzerland ($X per unit), while Spain ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+5.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform