Benelux: Measuring Instrument Market 2024

Measuring Instrument Market Size in Benelux

In 2022, the Benelux measuring instrument market increased by X% to $X, rising for the second year in a row after three years of decline. Over the period under review, consumption, however, continues to indicate a pronounced curtailment. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Measuring Instrument Production in Benelux

In value terms, measuring instrument production rose sharply to $X in 2022 estimated in export price. Over the period under review, production, however, saw a slight curtailment. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Measuring Instrument Exports

Exports in Benelux

In 2022, shipments abroad of instruments and apparatus for measuring or checking the flow or level of liquids decreased by X% to X units, falling for the second year in a row after four years of growth. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X%. The volume of export peaked at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, measuring instrument exports contracted modestly 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 being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

The Netherlands was the major exporter of instruments and apparatus for measuring or checking the flow or level of liquids in Benelux, with the volume of exports finishing at X units, which was near X% of total exports in 2022. It was distantly followed by Belgium (X units), mixing up a X% share of total exports. Luxembourg (X units) held a minor share of total exports.

The Netherlands experienced a relatively flat trend pattern with regard to volume of exports of instruments and apparatus for measuring or checking the flow or level of liquids. At the same time, Luxembourg (X%) displayed positive paces of growth. Moreover, Luxembourg emerged as the fastest-growing exporter exported in Benelux, with a CAGR of X% from 2012-2022. By contrast, Belgium (X%) illustrated a downward trend over the same period. The Netherlands (X p.p.) and Luxembourg (X p.p.) significantly strengthened its position in terms of the total exports, while Belgium saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the Netherlands ($X) remains the largest measuring instrument supplier in Benelux, comprising X% of total exports. The second position in the ranking was held by Belgium ($X), with a X% share of total exports.

In the Netherlands, measuring instrument exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Belgium (X% per year) and Luxembourg (X% per year).

Export Prices by Country

The export price in Benelux stood at $X per unit in 2022, remaining stable against the previous year. Export price indicated a notable expansion from 2012 to 2022: its price 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, measuring instrument export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, 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 2022, the most notable rate of growth in terms of prices was attained by Belgium (X%), while the other leaders experienced mixed trends in the export price figures.

Measuring Instrument Imports

Imports in Benelux

In 2022, the amount of instruments and apparatus for measuring or checking the flow or level of liquids imported in Benelux plummeted to X units, reducing by X% on the previous year. In general, imports showed a slight setback. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. The volume of import peaked at X units in 2021, and then reduced dramatically in the following year.

In value terms, measuring instrument imports contracted slightly to $X in 2022. Total imports indicated noticeable growth 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, imports increased by X% against 2015 indices. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. The level of import peaked at $X in 2021, and then contracted in the following year.

Imports by Country

In 2022, the Netherlands (X units) represented the major importer of instruments and apparatus for measuring or checking the flow or level of liquids, making up X% of total imports. It was distantly followed by Belgium (X units), comprising a X% share of total imports. Luxembourg (X units) held a minor share of total imports.

Imports into the Netherlands decreased at an average annual rate of X% from 2012 to 2022. At the same time, Luxembourg (X%) displayed positive paces of growth. Moreover, Luxembourg emerged as the fastest-growing importer imported in Benelux, with a CAGR of X% from 2012-2022. Belgium experienced a relatively flat trend pattern. Belgium (X p.p.) significantly strengthened its position in terms of the total imports, while the Netherlands saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual growth rate of value in the Netherlands totaled X%. In the other countries, the average annual rates were as follows: Belgium (X% per year) and Luxembourg (X% per year).

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per unit, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is likely to continue growth in years to come.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Luxembourg ($X per unit), while Belgium ($X per unit) was amongst the lowest.

From 2012 to 2022, 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.

Source: IndexBox Platform

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