Europe: Prisms And Mirrors Market 2024

Prisms And Mirrors Market Size in Europe

In 2022, after two years of growth, there was significant decline in the Europe prisms and mirrors market, when its value decreased by -12.5% to $X. The total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2021, and then shrank in the following year.

Prisms And Mirrors Production in Europe

In value terms, prisms and mirrors production expanded modestly to $X in 2022 estimated in export price. The total production indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +10.8% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by 73%. The level of production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Prisms And Mirrors Exports

Exports in Europe

Prisms and mirrors exports contracted rapidly to X tons in 2022, which is down by -16.1% on 2021. Overall, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when exports increased by 28% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, prisms and mirrors exports amounted to $X in 2022. Total exports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.1% 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 +17.0% against 2020 indices. The pace of growth was the most pronounced in 2018 when exports increased by 21%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

In 2022, Germany (X tons) represented the largest exporter of prisms and mirrors, comprising 45% of total exports. The Czech Republic (X tons) held the second position in the ranking, distantly followed by France (X tons). All these countries together held approx. 31% share of total exports. The Netherlands (X tons), Belgium (X tons), Finland (X tons), Italy (X tons) and the UK (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Finland (with a CAGR of +26.6%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest prisms and mirrors supplier in Europe, comprising 40% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 7.8% share of total exports. It was followed by the UK, with a 7.1% share.

In Germany, prisms and mirrors exports expanded at an average annual rate of +4.1% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: the Netherlands (+22.2% per year) and the UK (+2.6% per year).

Export Prices by Country

The export price in Europe stood at $X per ton in 2022, increasing by 21% against the previous year. Export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, prisms and mirrors export price increased by +116.1% against 2016 indices. The pace of growth was the most pronounced in 2017 an increase of 29%. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, 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 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+9.8%), while the other leaders experienced more modest paces of growth.

Prisms And Mirrors Imports

Imports in Europe

Prisms and mirrors imports reduced remarkably to X tons in 2022, with a decrease of -28% against the previous year. In general, imports showed a slight curtailment. The most prominent rate of growth was recorded in 2016 with an increase of 28%. Over the period under review, imports attained the maximum at X tons in 2021, and then shrank rapidly in the following year.

In value terms, prisms and mirrors imports totaled $X in 2022. Total imports indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +4.2% 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 +24.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 23% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

In 2022, Germany (X tons) was the largest importer of prisms and mirrors, generating 38% of total imports. Hungary (X tons) held the second position in the ranking, followed by Poland (X tons) and Slovakia (X tons). All these countries together held approx. 45% share of total imports. The following importers - the Netherlands (X tons), the UK (X tons) and France (X tons) - each accounted for a 6.3% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +24.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constitutes the largest market for imported prisms and mirrors in Europe, comprising 35% of total imports. The second position in the ranking was taken by the UK ($X), with a 7.7% share of total imports. It was followed by France, with a 6.8% share.

In Germany, prisms and mirrors imports increased at an average annual rate of +6.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the UK (+5.7% per year) and France (+1.3% per year).

Import Prices by Country

In 2022, the import price in Europe amounted to $X per ton, rising by 41% against the previous year. Import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, prisms and mirrors import price increased by +45.1% against 2020 indices. 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 ($X per ton), while Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+7.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform