Europe: Telecommunications Instrument Market 2024

Telecommunications Instrument Market Size in Europe

The Europe telecommunications instrument market rose rapidly to $X in 2023, picking up by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2018 to 2023, the growth of the market remained at a somewhat lower figure.

Telecommunications Instrument Production in Europe

In value terms, telecommunications instrument production rose modestly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2023, production growth failed to regain momentum.

Telecommunications Instrument Exports

Exports in Europe

In 2023, shipments abroad of telecommunications instruments decreased by X% to X units, falling for the second consecutive year after three years of growth. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The volume of export peaked at X units in 2016; however, from 2017 to 2023, the exports failed to regain momentum.

In value terms, telecommunications instrument exports shrank to $X in 2023. Overall, exports recorded a noticeable reduction. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

The UK prevails in exports structure, reaching X units, which was near X% of total exports in 2023. It was distantly followed by Germany (X units), generating a X% share of total exports. Ukraine (X units), the Netherlands (X units), France (X units), Finland (X units) and Switzerland (X units) followed a long way behind the leaders.

The UK experienced a relatively flat trend pattern with regard to volume of exports of telecommunications instruments. At the same time, Ukraine (X%), the Netherlands (X%), Finland (X%) and France (X%) displayed positive paces of growth. Moreover, Ukraine emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2023. By contrast, Switzerland (X%) and Germany (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Ukraine and the Netherlands increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest telecommunications instrument supplier in Europe, comprising X% of total exports. The second position in the ranking was taken by the UK ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Germany amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: the UK (X% per year) and the Netherlands (X% per year).

Export Prices by Country

The export price in Europe stood at $X per unit in 2023, jumping by X% against the previous year. Over the period under review, the export price, however, recorded a noticeable decline. The most prominent rate of growth was recorded in 2017 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Germany ($X per unit), while Ukraine ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Germany (X%), while the other leaders experienced a decline in the export price figures.

Telecommunications Instrument Imports

Imports in Europe

For the fourth consecutive year, Europe recorded growth in overseas purchases of telecommunications instruments, which increased by X% to X units in 2023. In general, imports enjoyed buoyant growth. The pace of growth was the most pronounced in 2020 with an increase of X%. The volume of import peaked in 2023 and is likely to see gradual growth in the immediate term.

In value terms, telecommunications instrument imports stood at $X in 2023. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The level of import peaked in 2023 and is likely to see gradual growth in years to come.

Imports by Country

Russia (X units) and the UK (X units) represented roughly X% of total imports in 2023. It was distantly followed by Germany (X units), Iceland (X units), the Netherlands (X units), France (X units), Norway (X units) and Spain (X units), together creating a X% share of total imports. Switzerland (X units), Serbia (X units), Belgium (X units), Finland (X units) and Italy (X units) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Iceland (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest telecommunications instrument importing markets in Europe were the UK ($X), Germany ($X) and France ($X), together accounting for X% of total imports. The Netherlands, Finland, Russia, Italy, Belgium, Spain, Switzerland, Norway, Serbia and Iceland lagged somewhat behind, together comprising a further X%.

Iceland, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in Europe amounted to $X per unit, with a decrease of X% against the previous year. In general, the import price continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. The level of import peaked at $X per unit in 2013; however, from 2014 to 2023, import prices remained at a 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 Italy ($X per unit), while Iceland ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform