EU: Market for Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases 2024

Market Size for Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases in the EU

In 2023, after three years of growth, there was significant decline in the EU market for non-electronic instruments for measuring or checking variables of liquids or gases, when its value decreased by X% to $X. In general, consumption recorded a precipitous shrinkage. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2023, consumption remained at a lower figure.

Production of Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases in the EU

In value terms, non-electronic liquid or gas measurer production fell modestly to $X in 2023 estimated in export price. The total production indicated a strong expansion 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 increased by X% against 2014 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2022, and then declined modestly in the following year.

Exports of Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases

Exports in the EU

In 2023, exports of non-electronic instruments for measuring or checking variables of liquids or gases in the European Union totaled X units, increasing by X% on 2022. Over the period under review, exports enjoyed a remarkable increase. The pace of growth was the most pronounced in 2013 with an increase of X%. The volume of export peaked at X units in 2015; however, from 2016 to 2023, the exports failed to regain momentum.

In value terms, non-electronic liquid or gas measurer exports surged 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

Germany represented the key exporter of non-electronic instruments for measuring or checking variables of liquids or gases in the European Union, with the volume of exports resulting at X units, which was approx. X% of total exports in 2023. It was distantly followed by Italy (X units), France (X units), the Netherlands (X units), the Czech Republic (X units), Denmark (X units) and Romania (X units), together achieving a X% share of total exports. Hungary (X units), Lithuania (X units), Poland (X units), Spain (X units), Sweden (X units) and Austria (X units) took a relatively small share of total exports.

Exports from Germany increased at an average annual rate of X% from 2012 to 2023. At the same time, Lithuania (X%), Romania (X%), the Czech Republic (X%), Poland (X%), the Netherlands (X%), Hungary (X%), Denmark (X%), Italy (X%), France (X%), Austria (X%) and Sweden (X%) displayed positive paces of growth. Moreover, Lithuania emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2023. By contrast, Spain (X%) illustrated a downward trend over the same period. The Czech Republic (X p.p.), Romania (X p.p.), the Netherlands (X p.p.), Lithuania (X p.p.), Denmark (X p.p.), Hungary (X p.p.), Italy (X p.p.) and Poland (X p.p.) significantly strengthened its position in terms of the total exports, while Spain and Germany saw its share reduced by 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 ($X) remains the largest non-electronic liquid or gas measurer supplier in the European Union, comprising X% of total exports. The second position in the ranking was taken by the Netherlands ($X), with an X% share of total exports. It was followed by France, with an X% share.

From 2012 to 2023, the average annual growth rate of value in Germany totaled X%. 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 the European Union stood at $X per unit in 2023, rising by X% against the previous year. In general, the export price, however, continues to indicate a noticeable reduction. The growth pace was the most rapid in 2016 an increase of X%. The level of export peaked 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 Austria ($X per unit), while Italy ($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 mixed trends in the export price figures.

Imports of Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases

Imports in the EU

In 2023, purchases abroad of non-electronic instruments for measuring or checking variables of liquids or gases increased by X% to X units, rising for the third consecutive year after six years of decline. In general, imports, however, saw a dramatic downturn. The pace of growth was the most pronounced in 2021 with an increase of X%. The volume of import peaked at X units in 2014; however, from 2015 to 2023, imports failed to regain momentum.

In value terms, non-electronic liquid or gas measurer imports soared 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

In 2023, Germany (X units), distantly followed by France (X units), Italy (X units), the Netherlands (X units), Spain (X units), Poland (X units) and Austria (X units) represented the major importers of non-electronic instruments for measuring or checking variables of liquids or gases, together constituting X% of total imports. Denmark (X units), Belgium (X units), the Czech Republic (X units), Romania (X units) and Hungary (X units) took a little share of total imports.

From 2012 to 2023, the biggest increases were recorded for the Czech Republic (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constitutes the largest market for imported non-electronic instruments for measuring or checking variables of liquids or gases in the European Union, comprising X% of total imports. The second position in the ranking was held by France ($X), with a X% share of total imports. 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 stood at X%. 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

In 2023, the import price in the European Union amounted to $X per unit, with an increase of X% against the previous year. In general, the import price posted a significant expansion. The most prominent rate of growth was recorded in 2018 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2020; however, from 2021 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 ($X per unit), while Hungary ($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