United Kingdom: Measuring Instrument Market 2022

Measuring Instrument Market Size in the UK

The UK measuring instrument market declined to $X in 2021, dropping by -3.5% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Measuring Instrument Production in the UK

In value terms, measuring instrument production reached $X in 2021 estimated in export price. Over the period under review, production saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2018 when the production volume increased by 33%. Measuring instrument production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Measuring Instrument Exports

Exports from the UK

In 2021, the amount of instruments and apparatus for measuring or checking the flow or level of liquids exported from the UK surged to X units, with an increase of 24% against 2020 figures. In general, exports, however, continue to indicate a noticeable reduction. The growth pace was the most rapid in 2018 when exports increased by 31% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, measuring instrument exports skyrocketed to $X in 2021. Over the period under review, exports, however, continue to indicate a perceptible slump. The pace of growth appeared the most rapid in 2013 with an increase of 24% 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 lower figure.

Exports by Country

The United States (X units) was the main destination for measuring instrument exports from the UK, with a 26% share of total exports. Moreover, measuring instrument exports to the United States exceeded the volume sent to the second major destination, Germany (X units), twofold. China (X units) ranked third in terms of total exports with an 8.5% share.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to -10.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-2.7% per year) and China (-3.9% per year).

In value terms, the largest markets for measuring instrument exported from the UK were the United States ($X), Germany ($X) and China ($X), with a combined 38% share of total exports. France, the Netherlands, Italy, Ireland, Spain, Belgium, Sweden, India, Malaysia and Singapore lagged somewhat behind, together comprising a further 25%.

The Netherlands, with a CAGR of +6.3%, saw the highest rates of growth with regard to 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

The average measuring instrument export price stood at $X per unit in 2021, falling by -2.8% against the previous year. Over the period under review, export price indicated a notable expansion from 2012 to 2021: its price increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, measuring instrument export price increased by +4.5% against 2019 indices. The growth pace was the most rapid in 2014 an increase of 58%. Over the period under review, the average export prices reached the maximum at $X per unit in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was the Netherlands ($X per unit), while the average price for exports to India ($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 (+8.4%), while the prices for the other major destinations experienced more modest paces of growth.

Measuring Instrument Imports

Imports into the UK

In 2021, supplies from abroad of instruments and apparatus for measuring or checking the flow or level of liquids decreased by -0.9% to X units, falling for the second consecutive year after two years of growth. In general, total imports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -13.1% against 2019 indices. The pace of growth appeared the most rapid in 2014 when imports increased by 55% against the previous year. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, measuring instrument imports declined modestly to $X in 2021. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when imports increased by 21%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

China (X units), the Czech Republic (X units) and Norway (X units) were the main suppliers of measuring instrument imports to the UK, together comprising 60% of total imports. These countries were followed by Germany, India, France, Switzerland, Belgium, Luxembourg and Italy, which together accounted for a further 30%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +31.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest measuring instrument suppliers to the UK were Germany ($X), Norway ($X) and France ($X), together accounting for 49% of total imports. These countries were followed by China, the Czech Republic, Italy, Belgium, Switzerland, India and Luxembourg, which together accounted for a further 12%.

Among the main suppliers, China, with a CAGR of +12.1%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average measuring instrument import price stood at $X per unit in 2021, declining by -2.1% against the previous year. Over the period under review, the import price recorded a noticeable reduction. The most prominent rate of growth was recorded in 2015 an increase of 27% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per unit), while the price for Luxembourg ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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