EU: Market for Mathematical instruments and equipment; n.e.s. in heading no. 9017 2024

Market Size for Mathematical instruments and equipment; n.e.s. in heading no. 9017 in the EU

For the ninth year in a row, the EU market for mathematical instruments and equipment; n.e.s. in heading no. Xs recorded growth in sales value, which increased by X% to $X in 2023. In general, consumption, however, posted prominent growth. Over the period under review, the market attained the peak level in 2023 and is expected to retain growth in years to come.

Production of Mathematical instruments and equipment; n.e.s. in heading no. X in the EU

In value terms, production of mathematical instruments and equipment; n.e.s. in heading no. Xs rose slightly to $X in 2023 estimated in export price. Overall, production, however, posted a prominent expansion. The pace of growth was the most pronounced in 2020 when the production volume increased by X% against the previous year. The level of production peaked in 2023 and is expected to retain growth in the immediate term.

Exports of Mathematical instruments and equipment; n.e.s. in heading no. 9017

Exports in the EU

Exports of mathematical instruments and equipment; n.e.s. in heading no. Xs reduced to X units in 2023, falling by X% against the previous year. In general, exports faced a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports of hit record highs at X units in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, exports of mathematical instruments and equipment; n.e.s. in heading no. Xs expanded markedly 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 remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2022 to 2023, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

The shipments of the four major exporters of mathematical instruments and equipment; n.e.s. in heading no. Xs, namely Germany, Belgium, the Czech Republic and the Netherlands, represented more than half of total export. Poland (X units) ranks next in terms of the total exports with a X% share, followed by Sweden (X%), Spain (X%) and France (X%).

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Spain (with a CAGR of X%), while the other leaders experienced a decline in the exports figures.

In value terms, Germany ($X) remains the largest mathematical instruments and equipment; n.e.s. in heading no. X supplier in the European Union, comprising X% of total exports. The second position in the ranking was taken by Belgium ($X), with a X% share of total exports. It was followed by the Netherlands, with an X% share.

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

Export Prices by Country

In 2023, the export price in the European Union amounted to $X per unit, growing by X% against the previous year. In general, the export price saw a prominent increase. The pace of growth was the most pronounced in 2020 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the peak figure in 2023 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the Czech Republic ($X per unit) was amongst the lowest.

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

Imports of Mathematical instruments and equipment; n.e.s. in heading no. 9017

Imports in the EU

In 2023, overseas purchases of mathematical instruments and equipment; n.e.s. in heading no. Xs decreased by X% to X units, falling for the second consecutive year after ten years of growth. Over the period under review, imports, however, recorded a modest expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2022 to 2023, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of mathematical instruments and equipment; n.e.s. in heading no. Xs shrank 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 throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports of failed to regain momentum.

Imports by Country

In 2023, Germany (X units), followed by France (X units), Belgium (X units), Poland (X units), the Netherlands (X units), Italy (X units) and Spain (X units) were the major importers of mathematical instruments and equipment; n.e.s. in heading no. Xs, together committing X% of total imports. The following importers - Sweden (X units), Austria (X units), Romania (X units), the Czech Republic (X units), Hungary (X units) and Portugal (X units) - together made up X% of total imports.

From 2020 to 2023, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest mathematical instruments and equipment; n.e.s. in heading no. X importing markets in the European Union were Germany ($X), France ($X) and the Netherlands ($X), with a combined X% share of total imports. Belgium, Poland, Spain, Italy, Austria, Sweden, the Czech Republic, Romania, Hungary and Portugal lagged somewhat behind, together comprising a further X%.

Spain, 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 2023, the import price in the European Union amounted to $X per unit, increasing by X% against the previous year. Over the period from 2020 to 2023, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Austria ($X per unit), while Romania ($X per unit) was amongst the lowest.

From 2020 to 2023, the most notable rate of growth in terms of prices was attained by Austria (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform