EU: Measuring Instrument Market 2024

Measuring Instrument Market Size in the EU

In 2023, the EU measuring instrument market increased by X% to $X, rising for the third year in a row after two years of decline. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2023, consumption remained at a lower figure.

Measuring Instrument Production in the EU

In value terms, measuring instrument production totaled $X in 2023 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced 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 remained at a somewhat lower figure.

Measuring Instrument Exports

Exports in the EU

In 2023, overseas shipments of instruments and apparatus for measuring or checking the flow or level of liquids increased by X% to X units, rising for the third year in a row after two years of decline. In general, exports enjoyed a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, measuring instrument exports soared 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. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2023, Germany (X units) was the largest exporter of instruments and apparatus for measuring or checking the flow or level of liquids, generating X% of total exports. Luxembourg (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Poland (X%), France (X%), Italy (X%) and the Czech Republic (X%). Hungary (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, Poland (X%), Luxembourg (X%), France (X%) and Italy (X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2023. Hungary experienced a relatively flat trend pattern. By contrast, the Czech Republic (X%) illustrated a downward trend over the same period. Germany (X p.p.), Poland (X p.p.) and Luxembourg (X p.p.) significantly strengthened its position in terms of the total exports, while Italy, France, Hungary and the Czech Republic saw its share reduced by X%, X%, X% and X% from 2012 to 2023, respectively.

In value terms, Germany ($X) remains the largest measuring instrument supplier in the European Union, comprising X% of total exports. The second position in the ranking was taken by France ($X), with a X% share of total exports. It was followed by Italy, with a X% share.

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

Export Prices by Country

The export price in the European Union stood at $X per unit in 2023, which is down by X% against the previous year. Over the period under review, the export price saw a noticeable contraction. The growth pace was the most rapid in 2018 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2013; however, from 2014 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 France ($X per unit), while Luxembourg ($X per unit) was amongst the lowest.

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

Measuring Instrument Imports

Imports in the EU

In 2023, approx. X units of instruments and apparatus for measuring or checking the flow or level of liquids were imported in the European Union; with an increase of X% on 2022. Overall, imports continue to indicate a prominent increase. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports hit record highs in 2023 and are expected to retain growth in the near future.

In value terms, measuring instrument imports surged to $X in 2023. The total import 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. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the twelve major importers of instruments and apparatus for measuring or checking the flow or level of liquids, namely Poland, the Czech Republic, France, Germany, Romania, Hungary, Italy, Belgium, Sweden, Spain, the Netherlands and Austria, represented more than two-thirds of total import.

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

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

In Germany, measuring instrument imports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: France (X% per year) and the Netherlands (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. Overall, the import price, however, showed a pronounced downturn. Over the period under review, import prices attained the maximum at $X per unit in 2014; however, from 2015 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 the Netherlands ($X per unit), while Hungary ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform