France: Magnetic Card Market 2024

Magnetic Card Market Size in France

The French magnetic card market fell to $X in 2021, with a decrease of -6.8% against the previous year. Over the period under review, consumption, however, saw a abrupt decline. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Magnetic Card Production in France

In value terms, magnetic card production fell to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a pronounced contraction. The pace of growth was the most pronounced in 2019 when the production volume increased by 28% against the previous year. Magnetic card production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Magnetic Card Exports

Exports from France

In 2021, shipments abroad of cards incorporating a magnetic stripe increased by 10% to X units for the first time since 2016, thus ending a four-year declining trend. In general, exports, however, continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2013 when exports increased by 67% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, magnetic card exports skyrocketed to $X in 2021. Over the period under review, exports, however, recorded a slight slump. The most prominent rate of growth was recorded in 2013 with an increase of 107% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Poland (X units), Australia (X units) and the Czech Republic (X units) were the main destinations of magnetic card exports from France, together accounting for 32% of total exports. Italy, Sweden, Hong Kong SAR, Spain, Finland, Germany, Colombia, Belgium, Mexico and Costa Rica lagged somewhat behind, together accounting for a further 45%.

From 2012 to 2021, the biggest increases were recorded for Colombia (with a CAGR of +86.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Colombia ($X) and the Czech Republic ($X) appeared to be the largest markets for magnetic card exported from France worldwide, with a combined 38% share of total exports.

In terms of the main countries of destination, Colombia, with a CAGR of +124.7%, 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

In 2021, the average magnetic card export price amounted to $X per unit, growing by 15% against the previous year. Overall, export price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +8.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, magnetic card export price increased by +25.7% against 2017 indices. The pace of growth appeared the most rapid in 2015 an increase of 26%. Over the period under review, the average export prices reached the peak figure in 2021 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Colombia ($X per unit), while the average price for exports to Australia (less than $X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+20.4%), while the prices for the other major destinations experienced more modest paces of growth.

Magnetic Card Imports

Imports into France

In 2021, approx. X units of cards incorporating a magnetic stripe were imported into France; declining by -45.4% on 2020 figures. Over the period under review, imports continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2017 when imports increased by 12% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, magnetic card imports fell rapidly to $X in 2021. Overall, imports recorded a drastic downturn. The most prominent rate of growth was recorded in 2013 when imports increased by 22%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of magnetic card to France, accounting for a 50% share of total imports. Moreover, magnetic card imports from Germany exceeded the figures recorded by the second-largest supplier, the UK (X units), twofold. The third position in this ranking was held by Spain (X units), with a 4.4% share.

From 2012 to 2021, the average annual growth rate of volume from Germany totaled -18.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+2.0% per year) and Spain (-25.9% per year).

In value terms, Germany ($X), the UK ($X) and the Netherlands ($X) appeared to be the largest magnetic card suppliers to France, together comprising 73% of total imports. Poland, China, the United States, Spain, Italy and Bulgaria lagged somewhat behind, together comprising a further 16%.

Poland, with a CAGR of +105.0%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average magnetic card import price stood at $X per unit in 2021, rising by 35% against the previous year. In general, import price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +7.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, magnetic card import price increased by +50.3% against 2017 indices. The pace of growth appeared the most rapid in 2015 when the average import price increased by 60% against the previous year. Over the period under review, average import prices reached the maximum in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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