Europe: Measuring Instrument Market 2024

Measuring Instrument Market Size in Europe

The Europe measuring instrument market expanded significantly to $X in 2023, growing by X% against the previous year. The total consumption indicated a notable increase 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, consumption increased by X% against 2016 indices. Over the period under review, the market reached the maximum level in 2023 and is likely to continue growth in the near future.

Measuring Instrument Production in Europe

In value terms, measuring instrument production reached $X in 2023 estimated in export price. The total production indicated a notable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Measuring Instrument Exports

Exports in Europe

In 2023, the amount of instruments and apparatus for measuring or checking the flow or level of liquids exported in Europe surged to X units, increasing by X% against 2022 figures. Total exports indicated a remarkable increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, measuring instrument exports skyrocketed to $X in 2023. The total export 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, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2023, Germany (X units) was the major exporter of instruments and apparatus for measuring or checking the flow or level of liquids, generating X% of total exports. Luxembourg (X units) held the second position in the ranking, followed by Switzerland (X units), Poland (X units), France (X units) and Italy (X units). All these countries together held near X% share of total exports. The Czech Republic (X units), Hungary (X units), Romania (X units), the UK (X units) and the Netherlands (X units) held a little share of total exports.

From 2012 to 2023, average annual rates of growth with regard to measuring instrument exports from Germany stood at X%. At the same time, Romania (X%), Poland (X%), Luxembourg (X%), Switzerland (X%), France (X%), Italy (X%) and the Netherlands (X%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2023. Hungary experienced a relatively flat trend pattern. By contrast, the Czech Republic (X%) and the UK (X%) illustrated a downward trend over the same period. Germany (X p.p.), Poland (X p.p.), Luxembourg (X p.p.) and Romania (X p.p.) significantly strengthened its position in terms of the total exports, while Italy, France, Hungary, Switzerland, the UK and the Czech Republic saw its share reduced by X%, X%, X%, X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Germany, measuring instrument exports increased 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: the Netherlands (X% per year) and France (X% per year).

Export Prices by Country

The export price in Europe stood at $X per unit in 2023, waning by X% against the previous year. In general, the export price saw a perceptible decline. The pace of growth was the most pronounced in 2019 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2023, the export prices stood at a somewhat 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 the Netherlands ($X per unit), while Luxembourg ($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 Netherlands (X%), while the other leaders experienced more modest paces of growth.

Measuring Instrument Imports

Imports in Europe

In 2023, the amount of instruments and apparatus for measuring or checking the flow or level of liquids imported in Europe rose notably to X units, surging by X% compared with the year before. Over the period under review, imports showed strong growth. The pace of growth was the most pronounced in 2021 when imports increased by X%. The volume of import peaked in 2023 and is 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% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of measuring instrument imports in 2023 were Poland (X units), the Czech Republic (X units), France (X units), Germany (X units), Romania (X units), Hungary (X units), the UK (X units), Ukraine (X units), Italy (X units), Belgium (X units), Sweden (X units) and Spain (X units), together amounting to X% of total import.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading 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 ($X) constitutes the largest market for imported instruments and apparatus for measuring or checking the flow or level of liquids in Europe, comprising X% of total imports. The second position in the ranking was taken by France ($X), with a X% share of total imports. It was followed by the UK, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Germany totaled X%. In the other countries, the average annual rates were as follows: France (X% per year) and the UK (X% per year).

Import Prices by Country

The import price in Europe stood at $X per unit in 2023, with an increase of X% against the previous year. Over the period under review, the import price, however, showed a pronounced decrease. The level of import peaked at $X per unit in 2014; however, from 2015 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 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 Italy (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform