EU: Smart Card Market 2024

Smart Card Market Size in the EU

The EU smart card market skyrocketed to $X in 2022, growing by X% against the previous year. In general, consumption enjoyed a resilient increase. The level of consumption peaked in 2022 and is likely to see steady growth in the near future.

Smart Card Production in the EU

In value terms, smart card production soared to $X in 2022 estimated in export price. The total production indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2015 indices. As a result, production attained the peak level and is likely to continue growth in the immediate term.

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Smart Card Exports

Exports in the EU

Smart card exports soared to X units in 2022, increasing by X% against 2021 figures. Total exports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2015 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, smart card exports surged to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations 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

The shipments of the four major exporters of cards incorporating an electronic integrated circuit (smart card), namely France, Germany, Romania and Spain, represented more than half of total export. It was distantly followed by the Netherlands (X units), Austria (X units), Poland (X units) and Italy (X units), together comprising a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Romania (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest smart card supplying countries in the European Union were France ($X), Germany ($X) and the Netherlands ($X), with a combined X% share of total exports. Spain, Poland, Austria, Italy and Romania lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, Romania, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per unit, with a decrease of X% against the previous year. Overall, the export price continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2020 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while Romania ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (X%), while the other leaders experienced a decline in the export price figures.

Smart Card Imports

Imports in the EU

In 2022, imports of cards incorporating an electronic integrated circuit (smart card) in the European Union skyrocketed to X units, picking up by X% on the previous year's figure. In general, imports posted a resilient increase. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, smart card imports surged to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; 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 2022, the Netherlands (X units), France (X units), Germany (X units) and Spain (X units) represented the largest importer of cards incorporating an electronic integrated circuit (smart card) in the European Union, constituting X% of total import. It was distantly followed by Italy (X units), Austria (X units) and Poland (X units), together creating an X% share of total imports. The following importers - Romania (X units), Belgium (X units), Slovakia (X units), Portugal (X units), Hungary (X units) and Sweden (X units) - together made up X% of total imports.

From 2012 to 2022, 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, the largest smart card importing markets in the European Union were Germany ($X), France ($X) and Spain ($X), with a combined X% share of total imports. The Netherlands, Italy, Austria, Poland, Belgium, Romania, Sweden, Slovakia, Hungary and Portugal lagged somewhat behind, together comprising a further X%.

Slovakia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 2022, the import price in the European Union amounted to $X per unit, dropping by X% against the previous year. Over the period under review, the import price recorded a abrupt curtailment. The growth pace was the most rapid in 2020 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Sweden ($X per unit), while the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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