EU: Market for Electronic Instruments And Machines For Measuring Geometrical Quantities 2024

Market Size for Electronic Instruments And Machines For Measuring Geometrical Quantities in the EU

The EU geometrical quantities electronic measurer market expanded sharply to $X in 2023, growing by X% against the previous year. Over the period under review, consumption showed a resilient expansion. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2023, consumption remained at a lower figure.

Production of Electronic Instruments And Machines For Measuring Geometrical Quantities in the EU

In value terms, geometrical quantities electronic measurer production shrank to $X in 2023 estimated in export price. In general, production saw a buoyant increase. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2023, production remained at a lower figure.

Exports of Electronic Instruments And Machines For Measuring Geometrical Quantities

Exports in the EU

In 2023, shipments abroad of electronic instruments and machines for measuring geometrical quantities increased by X% to X units, rising for the eighth consecutive year after two years of decline. In general, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The volume of export peaked in 2023 and is expected to retain growth in years to come.

In value terms, geometrical quantities electronic measurer exports rose markedly to $X in 2023. The total export value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The level of export peaked in 2023 and is likely to see gradual growth in years to come.

Exports by Country

In 2023, Germany (X units) was the main exporter of electronic instruments and machines for measuring geometrical quantities, constituting X% of total exports. Italy (X units) held the second position in the ranking, distantly followed by the Netherlands (X units), France (X units) and Spain (X units). All these countries together took approx. X% share of total exports. Belgium (X units), Hungary (X units), Poland (X units), Austria (X units), Denmark (X units), Romania (X units), the Czech Republic (X units) and Sweden (X units) followed a long way behind the leaders.

Exports from Germany increased at an average annual rate of X% from 2012 to 2023. At the same time, Romania (X%), Denmark (X%), Sweden (X%), Belgium (X%), Austria (X%), Spain (X%), the Netherlands (X%), the Czech Republic (X%), Hungary (X%), Italy (X%), France (X%) and Poland (X%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Germany, Italy, the Netherlands, France, Spain, Belgium, Hungary, Poland, Austria, Denmark, Romania and the Czech Republic increased by X, X, X, X, X, X, X, X, X, X, X and X percentage points, respectively.

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

In Germany, geometrical quantities electronic measurer exports expanded at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Italy (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 2023, increasing by X% against the previous year. Over the period under review, the export price, however, faced a significant contraction. The growth pace was the most rapid in 2014 an increase of X%. The level of export peaked at $X per unit in 2015; however, from 2016 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Sweden ($X per unit), while Belgium ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Spain (X%), while the other leaders experienced more modest paces of growth.

Imports of Electronic Instruments And Machines For Measuring Geometrical Quantities

Imports in the EU

For the twelfth year in a row, the European Union recorded growth in supplies from abroad of electronic instruments and machines for measuring geometrical quantities, which increased by X% to X units in 2023. In general, imports enjoyed a strong increase. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports hit record highs in 2023 and are likely to see steady growth in years to come.

In value terms, geometrical quantities electronic measurer imports expanded markedly to $X in 2023. Total imports indicated a prominent expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The level of import peaked in 2023 and is likely to see steady growth in years to come.

Imports by Country

In 2023, Germany (X units), distantly followed by Italy (X units), France (X units), the Netherlands (X units), Spain (X units), Poland (X units) and Belgium (X units) were the key importers of electronic instruments and machines for measuring geometrical quantities, together committing X% of total imports. Slovakia (X units), Hungary (X units), the Czech Republic (X units), Austria (X units), Romania (X units) and Sweden (X units) took a little share of total imports.

From 2020 to 2023, the biggest increases were recorded for Slovakia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constitutes the largest market for imported electronic instruments and machines for measuring geometrical quantities in the European Union, comprising X% of total imports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2020 to 2023, the average annual rate of growth in terms of value in Germany amounted to X%. In the other countries, the average annual rates were as follows: the Netherlands (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 2023, growing by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The level of import peaked at $X per unit in 2020; however, from 2021 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Sweden ($X per unit), while Slovakia ($X per unit) was amongst the lowest.

From 2020 to 2023, the most notable rate of growth in terms of prices was attained by Poland (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform