France: Market for Instruments for Measuring Electrical Quantities 2024

Market Size for Instruments for Measuring Electrical Quantities in France

The French market for instruments for measuring electrical quantities was estimated at $X in 2021, with an increase of 9.3% against the previous year. In general, consumption, however, showed a slight decline. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Production of Instruments for Measuring Electrical Quantities in France

In value terms, instruments for measuring electrical quantities production contracted notably to $X in 2021 estimated in export price. Over the period under review, the total production indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -24.5% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 40% against the previous year. Instruments for measuring electrical quantities production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Instruments for Measuring Electrical Quantities

Exports from France

In 2021, the amount of instruments for measuring electrical quantities exported from France surged to X units, growing by 20% compared with the previous year. Over the period under review, exports, however, saw a abrupt downturn. The most prominent rate of growth was recorded in 2019 when exports increased by 45%. Over the period under review, the exports reached the peak figure at X units in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, instruments for measuring electrical quantities exports rose remarkably to $X in 2021. Overall, exports, however, showed a deep reduction. The most prominent rate of growth was recorded in 2017 with an increase of 32% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Spain (X units), the UK (X units) and Colombia (X units) were the main destinations of instruments for measuring electrical quantities exports from France, with a combined 25% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Colombia (with a CAGR of +31.0%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the United States ($X) and Italy ($X) were the largest markets for instruments for measuring electrical quantities exported from France worldwide, together comprising 27% of total exports. These countries were followed by Spain, the UK, China, Belgium, Turkey, Morocco, Sweden, Hungary, the Netherlands and Colombia, which together accounted for a further 32%.

Colombia, with a CAGR of +19.2%, saw the highest growth rate of the value of exports, among the main countries of destination 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 export price for instruments for measuring electrical quantities amounted to $X per unit, with a decrease of -4.6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2020 an increase of 34% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was the United States ($X per unit), while the average price for exports to Colombia ($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 the United States (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Instruments for Measuring Electrical Quantities

Imports into France

In 2021, the amount of instruments for measuring electrical quantities imported into France soared to X units, growing by 33% against 2020. In general, imports, however, showed a noticeable shrinkage. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, instruments for measuring electrical quantities imports surged to $X in 2021. Over the period under review, imports, however, saw a abrupt slump. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Germany (X units), China (X units) and Italy (X units) were the main suppliers of instruments for measuring electrical quantities imports to France, with a combined 55% share of total imports. Romania, Hungary, Spain, Japan, Belgium, Tunisia, the Netherlands, Taiwan (Chinese), the United States and the UK lagged somewhat behind, together comprising a further 37%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Romania (with a CAGR of +53.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and the United States ($X) were the largest instruments for measuring electrical quantities suppliers to France, with a combined 45% share of total imports. These countries were followed by the Netherlands, the UK, Italy, Romania, Hungary, Belgium, Taiwan (Chinese), Japan, Spain and Tunisia, which together accounted for a further 38%.

Romania, with a CAGR of +40.0%, saw the highest rates of growth with regard to 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 import price for instruments for measuring electrical quantities stood at $X per unit in 2021, flattening at the previous year. In general, the import price continues to indicate a noticeable shrinkage. The growth pace was the most rapid in 2018 an increase of 12% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per unit), while the price for Italy ($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 United States (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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