Benelux: Market for Instruments for Measuring Electrical Quantities 2024

Market Size for Instruments for Measuring Electrical Quantities in Benelux

The Benelux market for instruments for measuring electrical quantities surged to $X in 2022, picking up by X% against the previous year. Overall, consumption enjoyed notable growth. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Production of Instruments for Measuring Electrical Quantities in Benelux

In value terms, instruments for measuring electrical quantities production contracted to $X in 2022 estimated in export price. In general, production, however, showed a dramatic downturn. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Instruments for Measuring Electrical Quantities

Exports in Benelux

For the third year in a row, Benelux recorded growth in overseas shipments of instruments for measuring electrical quantities, which increased by X% to X units in 2022. Overall, exports saw a resilient increase. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, instruments for measuring electrical quantities exports dropped to $X in 2022. In general, exports recorded perceptible growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then reduced in the following year.

Exports by Country

In 2022, the Netherlands (X units) was the major exporter of instruments for measuring electrical quantities, making up X% of total exports. It was distantly followed by Belgium (X units), committing a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to instruments for measuring electrical quantities exports from the Netherlands stood at X%. At the same time, Belgium (X%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing exporter exported in Benelux, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Belgium increased by X percentage points.

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

From 2012 to 2022, the average annual growth rate of value in the Netherlands amounted to X%.

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per unit, reducing by X% against the previous year. In general, the export price continues to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2017 when the export price increased by X%. Over the period under review, the export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 Belgium totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (X%).

Imports of Instruments for Measuring Electrical Quantities

Imports in Benelux

In 2022, supplies from abroad of instruments for measuring electrical quantities increased by X% to X units, rising for the second year in a row after two years of decline. Total imports indicated a moderate increase 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, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2018 with an increase of X%. As a result, imports attained the peak of X units. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, instruments for measuring electrical quantities imports expanded sharply to $X in 2022. In general, imports enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

Imports by Country

The Netherlands (X units) and Belgium (X units) represented roughly X% of total imports in 2022.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of X%).

In value terms, the Netherlands ($X) constitutes the largest market for imported instruments for measuring electrical quantities in Benelux, comprising X% of total imports. The second position in the ranking was taken by Belgium ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in the Netherlands totaled X%.

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per unit, shrinking by X% against the previous year. Import price indicated a perceptible increase 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. The most prominent rate of growth was recorded in 2013 an increase of X%. The level of import peaked at $X per unit in 2021, and then dropped in the following year.

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 the Netherlands ($X per unit), while Belgium totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%).

Source: IndexBox Platform

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