Europe: Market for Parts Of Apparatus Of Hs 2025

Market Size for Parts Of Apparatus Of Hs in Europe

The Europe market for parts of apparatus of hs surged to $X in 2021, growing by 25% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Production of Parts Of Apparatus Of Hs in Europe

In value terms, parts of apparatus of hs production soared to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a pronounced contraction. The pace of growth was the most pronounced in 2017 when the production volume increased by 2,292%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Parts Of Apparatus Of Hs

Exports in Europe

In 2021, shipments abroad of parts of apparatus of hs increased by 17% to X units, rising for the fifth consecutive year after two years of decline. Total exports indicated resilient growth 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 +104.1% against 2016 indices. The growth pace was the most rapid in 2014 when exports increased by 37%. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the immediate term.

In value terms, parts of apparatus of hs exports surged to $X in 2021. Over the period under review, exports showed a strong increase. The pace of growth was the most pronounced in 2020 with an increase of 34% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to see steady growth in years to come.

Exports by Country

In 2021, the Netherlands (X units) represented the key exporter of parts of apparatus of hs, creating 39% of total exports. Germany (X units) ranks second in terms of the total exports with a 14% share, followed by Belgium (9.2%), Hungary (5%), Italy (5%) and Poland (4.6%). The UK (X units), the Czech Republic (X units), Denmark (X units), France (X units), Sweden (X units), Spain (X units) and Slovakia (X units) followed a long way behind the leaders.

The Netherlands was also the fastest-growing in terms of the parts of apparatus of hs exports, with a CAGR of +19.5% from 2012 to 2021. At the same time, Poland (+13.0%), the Czech Republic (+10.6%), Sweden (+7.1%), Belgium (+4.1%), France (+2.1%), Germany (+1.5%) and Denmark (+1.2%) displayed positive paces of growth. Italy experienced a relatively flat trend pattern. By contrast, the UK (-1.4%), Slovakia (-3.1%), Hungary (-4.7%) and Spain (-5.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the Netherlands and Poland increased by +26 and +2.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X), Germany ($X) and Italy ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 49% share of total exports. These countries were followed by Belgium, Poland, the Czech Republic, the UK, Denmark, France, Hungary, Sweden, Slovakia and Spain, which together accounted for a further 43%.

In terms of the main exporting countries, Poland, with a CAGR of +31.8%, saw the highest growth rate of the value of exports, 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, picking up by 3.2% against the previous year. Export price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, parts of apparatus of hs export price increased by +18.4% against 2019 indices. The growth pace was the most rapid in 2015 an increase of 40%. The level of export peaked in 2021 and is likely to see steady growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+22.5%), while the other leaders experienced more modest paces of growth.

Imports of Parts Of Apparatus Of Hs

Imports in Europe

In 2021, purchases abroad of parts of apparatus of hs increased by 3% to X units, rising for the fifth consecutive year after two years of decline. The total import volume increased at an average annual rate of +4.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when imports increased by 15%. The volume of import peaked in 2021 and is likely to continue growth in years to come.

In value terms, parts of apparatus of hs imports expanded sharply to $X in 2021. In general, imports showed a buoyant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 18% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the immediate term.

Imports by Country

The Netherlands (X units) and Germany (X units) represented the key importers of parts of apparatus of hs in 2021, finishing at near 21% and 18% of total imports, respectively. France (X units) ranks next in terms of the total imports with a 6.1% share, followed by the UK (6%), Poland (5.4%), Spain (5.3%), Hungary (5.1%) and Belgium (5%). The following importers - the Czech Republic (X units), Italy (X units), Sweden (X units), Russia (X units) and Slovakia (X units) - together made up 17% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Belgium (with a CAGR of +21.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest parts of apparatus of hs importing markets in Europe were Germany ($X), the Netherlands ($X) and France ($X), with a combined 41% share of total imports. These countries were followed by the UK, Poland, Russia, Sweden, the Czech Republic, Belgium, Italy, Spain, Hungary and Slovakia, which together accounted for a further 42%.

Poland, with a CAGR of +22.5%, recorded 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 2021, the import price in Europe amounted to $X per unit, with an increase of 11% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.9%. The most prominent rate of growth was recorded in 2018 when the import price increased by 13%. The level of import peaked in 2021 and is likely to see gradual growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+19.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform