Germany: Market for Instruments for Measuring Electrical Quantities 2024

Market Size for Instruments for Measuring Electrical Quantities in Germany

In 2021, the German market for instruments for measuring electrical quantities increased by 16% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Production of Instruments for Measuring Electrical Quantities in Germany

In value terms, instruments for measuring electrical quantities production declined to $X in 2021 estimated in export price. Overall, production saw a perceptible setback. The most prominent rate of growth was recorded in 2020 when the production volume increased by 29% against the previous year. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Exports of Instruments for Measuring Electrical Quantities

Exports from Germany

In 2021, after three years of decline, there was significant growth in overseas shipments of instruments for measuring electrical quantities, when their volume increased by 6.7% to X units. The total export 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 most prominent rate of growth was recorded in 2013 with an increase of 22%. The exports peaked at X units in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, instruments for measuring electrical quantities exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +4.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Austria (X units), China (X units) and the United States (X units) were the main destinations of instruments for measuring electrical quantities exports from Germany, together comprising 25% of total exports. These countries were followed by Romania, France, Poland, Italy, Spain, Saudi Arabia, the UK, the Czech Republic, the Netherlands and Switzerland, which together accounted for a further 43%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +16.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for instruments for measuring electrical quantities exported from Germany were China ($X), the United States ($X) and Italy ($X), together accounting for 26% of total exports. These countries were followed by Austria, Romania, France, the UK, Spain, Poland, the Netherlands, Switzerland, the Czech Republic and Saudi Arabia, which together accounted for a further 37%.

Among the main countries of destination, Poland, with a CAGR of +12.2%, saw the highest rates of growth with regard to 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 export price for instruments for measuring electrical quantities amounted to $X per unit, growing by 13% against the previous year. Overall, the export price saw a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was the UK ($X per unit), while the average price for exports to Saudi Arabia ($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 Romania (+9.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Instruments for Measuring Electrical Quantities

Imports into Germany

In 2021, supplies from abroad of instruments for measuring electrical quantities increased by 23% to X units for the first time since 2018, thus ending a two-year declining trend. Overall, total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +6.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of 31% against the previous year. Imports peaked at X units in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, instruments for measuring electrical quantities imports surged to $X in 2021. Over the period under review, total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +8.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest supplier of instruments for measuring electrical quantities to Germany, accounting for a 41% share of total imports. Moreover, instruments for measuring electrical quantities imports from China exceeded the figures recorded by the second-largest supplier, Romania (X units), threefold. The third position in this ranking was held by Bulgaria (X units), with a 6.4% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +11.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+46.5% per year) and Bulgaria (+98.6% per year).

In value terms, China ($X) constituted the largest supplier of instruments for measuring electrical quantities to Germany, comprising 25% of total imports. The second position in the ranking was held by Romania ($X), with a 10% share of total imports. It was followed by Switzerland, with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +14.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+40.2% per year) and Switzerland (+6.1% per year).

Import Prices by Country

In 2021, the average import price for instruments for measuring electrical quantities amounted to $X per unit, surging by 2.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2019 an increase of 10% against the previous year. The import price peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the Czech Republic ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovakia (+19.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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