Netherlands: Market for Instruments for Measuring Electrical Quantities 2024

Market Size for Instruments for Measuring Electrical Quantities in the Netherlands

The Dutch market for instruments for measuring electrical quantities declined to $X in 2021, dropping by -8.8% against the previous year. In general, consumption saw a noticeable decline. Instruments for measuring electrical quantities consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Production of Instruments for Measuring Electrical Quantities in the Netherlands

In value terms, instruments for measuring electrical quantities production totaled $X in 2021 estimated in export price. Overall, production recorded a dramatic downturn. The pace of growth was the most pronounced in 2016 with an increase of 4%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Instruments for Measuring Electrical Quantities

Exports from the Netherlands

In 2021, after two years of decline, there was significant growth in shipments abroad of instruments for measuring electrical quantities, when their volume increased by 42% to X units. Overall, exports showed resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, instruments for measuring electrical quantities exports soared to $X in 2021. In general, total exports indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +2.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +36.2% against 2018 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X units), Belgium (X units) and the UK (X units) were the main destinations of instruments for measuring electrical quantities exports from the Netherlands, with a combined 51% share of total exports. These countries were followed by China, Italy, France, Sweden, the United States, Serbia, Poland and the Czech Republic, which together accounted for a further 32%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Serbia (with a CAGR of +65.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for instruments for measuring electrical quantities exported from the Netherlands were Germany ($X), Belgium ($X) and the UK ($X), together accounting for 46% of total exports. These countries were followed by Italy, France, Sweden, the United States, China, Serbia, Poland and the Czech Republic, which together accounted for a further 29%.

Serbia, with a CAGR of +36.2%, saw the highest growth rate of the value of exports, in terms of 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

The average export price for instruments for measuring electrical quantities stood at $X per unit in 2021, dropping by -2.1% against the previous year. Over the period under review, the export price showed a deep slump. The pace of growth was the most pronounced in 2017 an increase of 16%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a 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 ($X per unit), while the average price for exports to China ($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 Czech Republic (-1.7%), while the prices for the other major destinations experienced a decline.

Imports of Instruments for Measuring Electrical Quantities

Imports into the Netherlands

In 2021, overseas purchases of instruments for measuring electrical quantities were finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. In general, imports continue to indicate a noticeable expansion. The growth pace was the most rapid in 2018 with an increase of 69% against the previous year. As a result, imports reached the peak of X units. From 2019 to 2021, the growth of 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, imports showed a prominent increase. The most prominent rate of growth was recorded in 2018 with an increase of 41%. Over the period under review, imports attained the peak figure in 2021 and are likely to see steady growth in years to come.

Imports by Country

China (X units), Germany (X units) and the UK (X units) were the main suppliers of instruments for measuring electrical quantities imports to the Netherlands, with a combined 51% share of total imports. Italy, France, Belgium, Taiwan (Chinese), the United States, Romania and Sweden lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +53.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest instruments for measuring electrical quantities suppliers to the Netherlands were Germany ($X), China ($X) and the UK ($X), together comprising 45% of total imports. These countries were followed by France, the United States, Italy, Belgium, Taiwan (Chinese), Romania and Sweden, which together accounted for a further 36%.

Italy, with a CAGR of +51.5%, saw the highest growth rate of the value of imports, in terms of 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, surging by 6% against the previous year. Over the period under review, import price indicated notable growth from 2012 to 2021: its price increased at an average annual rate of +3.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, instruments for measuring electrical quantities import price increased by +79.1% against 2018 indices. The pace of growth appeared the most rapid in 2019 an increase of 36%. Over the period under review, average import prices reached the maximum in 2021 and is likely to see gradual growth in the near future.

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 ($X per unit), while the price for Sweden ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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