EU: Test And Measurement Market 2024

Test And Measurement Market Size in the EU

In 2022, the EU test and measurement market decreased by X% to $X, falling for the second year in a row after two years of growth. The total consumption indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Test And Measurement Production in the EU

In value terms, test and measurement production expanded remarkably to $X in 2022 estimated in export price. The total production indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2019 with an increase of X%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Test And Measurement Exports

Exports in the EU

In 2022, overseas shipments of instruments and apparatus for measuring or checking pressure of liquids or gasses were finally on the rise to reach X units for the first time since 2017, thus ending a four-year declining trend. Overall, exports, however, continue to indicate a pronounced slump. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, test and measurement exports shrank slightly to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports attained the peak of $X, and then dropped modestly in the following year.

Exports by Country

Germany represented the main exporter of instruments and apparatus for measuring or checking pressure of liquids or gasses in the European Union, with the volume of exports resulting at X units, which was approx. X% of total exports in 2022. Poland (X units) held the second position in the ranking, followed by France (X units), Italy (X units), the Netherlands (X units), Spain (X units) and Bulgaria (X units). All these countries together held near X% share of total exports.

Germany experienced a relatively flat trend pattern with regard to volume of exports of instruments and apparatus for measuring or checking pressure of liquids or gasses. At the same time, Bulgaria (X%) displayed positive paces of growth. Moreover, Bulgaria emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2022. France and Italy experienced a relatively flat trend pattern. By contrast, Poland (X%), Spain (X%) and the Netherlands (X%) illustrated a downward trend over the same period. While the share of Germany (X p.p.), France (X p.p.), Bulgaria (X p.p.) and Italy (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Spain (X p.p.), Poland (X p.p.) and the Netherlands (X p.p.) displayed negative dynamics.

In value terms, Germany ($X) remains the largest test and measurement supplier in the European Union, comprising X% of total exports. The second position in the ranking was held by France ($X), with an X% share of total exports. It was followed by the Netherlands, with a X% share.

In Germany, test and measurement exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: France (X% per year) and the Netherlands (X% per year).

Export Prices by Country

The export price in the European Union stood at $X per unit in 2022, which is down by X% against the previous year. In general, the export price, however, showed a strong increase. The growth pace was the most rapid in 2020 an increase of X% against the previous year. The level of export peaked at $X per unit in 2021, and then reduced modestly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while Spain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (X%), while the other leaders experienced more modest paces of growth.

Test And Measurement Imports

Imports in the EU

In 2022, purchases abroad of instruments and apparatus for measuring or checking pressure of liquids or gasses was finally on the rise to reach X units after five years of decline. Over the period under review, imports, however, continue to indicate a perceptible downturn. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, test and measurement imports reduced modestly to $X in 2022. Total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then declined modestly in the following year.

Imports by Country

In 2022, Germany (X units), distantly followed by Italy (X units), Spain (X units), Poland (X units), France (X units), Slovakia (X units), the Netherlands (X units) and Belgium (X units) were the major importers of instruments and apparatus for measuring or checking pressure of liquids or gasses, together creating X% of total imports. The Czech Republic (X units), Hungary (X units), Austria (X units), Sweden (X units) and Romania (X units) took a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to test and measurement imports into Germany stood at X%. At the same time, Spain (X%), Belgium (X%), Slovakia (X%), Austria (X%), Poland (X%) and France (X%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing importer imported in the European Union, with a CAGR of X% from 2012-2022. Hungary experienced a relatively flat trend pattern. By contrast, Romania (X%), Sweden (X%), the Czech Republic (X%), Italy (X%) and the Netherlands (X%) illustrated a downward trend over the same period. While the share of Germany (X p.p.), Spain (X p.p.), Slovakia (X p.p.), Belgium (X p.p.), Austria (X p.p.), Poland (X p.p.) and France (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the Czech Republic (X p.p.), Italy (X p.p.) and the Netherlands (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported instruments and apparatus for measuring or checking pressure of liquids or gasses in the European Union, comprising X% of total imports. The second position in the ranking was held by France ($X), with an X% share of total imports. It was followed by Italy, with an X% share.

From 2012 to 2022, the average annual growth rate of value in Germany amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: France (X% per year) and Italy (X% per year).

Import Prices by Country

The import price in the European Union stood at $X per unit in 2022, declining by X% against the previous year. Over the period under review, the import price, however, showed a strong expansion. The most prominent rate of growth was recorded in 2020 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2021, and then reduced in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while Slovakia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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