EU: Accounting Machine Market 2020

Accounting Machine Market Size in the EU

The revenue of the accounting machine market in the European Union amounted to $X in 2017, surging by X% against the previous year. The accounting machine consumption continues to indicate a deep drop. The most prominent rate of growth was recorded in 2017, with an increase of X% y-o-y. The level of accounting machine consumption peaked of $X in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Accounting Machine Production in the EU

In 2017, the amount of accounting machines, cash registers and postage-franking machines produced in the European Union amounted to X units, growing by X% against the previous year. The accounting machine production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014, when it surged by X% year-to-year. Over the period under review, the accounting machine production attained its peak figure volume of X units in 2015; however, from 2016 to 2017, it failed to regain its momentum.

Accounting Machine Exports in the EU

In 2017, approx. X units of accounting machines, cash registers and postage-franking machines were exported in the European Union; reducing by -X% against the previous year. The total exports indicated a prominent growth from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2008, with an increase of X% against the previous year. The volume of exports peaked of X units in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

In value terms, accounting machine exports totaled $X in 2017. The total export value increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern remained consistent, with only minor fluctuations in certain years. Over the period under review, the accounting machine exports attained its maximum level in 2017, and are likely to see steady growth in the immediate term.

Accounting Machine Exports by Country in the EU

Belgium was the key exporter of accounting machines, cash registers and postage-franking machines in the European Union, with the volume of exports finishing at X units, which was near X% of total exports in 2017. Italy (X units) occupied the second position in the ranking, followed by Germany (X units), Hungary (X units), Bulgaria (X units) and the UK (X units). All these countries together held near X% share of total exports. France (X units) followed a long way behind the leaders.

From 2007 to 2017, average annual rates of growth with regard to accounting machine exports from Belgium stood at +X%. At the same time, Hungary (+X%), Italy (+X%) and Bulgaria (+X%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest growing exporter in the European Union, with a CAGR of +X% from 2007-2017. Germany experienced a relatively flat trend pattern. By contrast, the UK (-X%) and France (-X%) illustrated a downward trend over the same period. While the share of France (X%) and the UK (X%) increased significantly in terms of the global exports from 2007-2017, the share of Bulgaria (-X%), Hungary (-X%), Italy (-X%) and Belgium (-X%) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest accounting machine markets worldwide were Hungary ($X), Germany ($X) and Belgium ($X), together accounting for X% of total exports.

Among the main exporting countries , Hungary (+X% per year) recorded the highest growth rate of exports, over the last decade, while the other leaders experienced more modest paces of growth.

Accounting Machine Export Prices by Country in the EU

The accounting machine export price in the European Union stood at $X per unit in 2017, going up by X% against the previous year. The accounting machine export price continues to indicate an abrupt curtailment. The pace of growth appeared the most rapid in 2017, when it surged by X% y-o-y. Over the period under review, the export prices for accounting machines, cash registers and postage-franking machines attained its peak figure level of $X per unit in 2007; however, from 2008 to 2017, it failed to regain its momentum.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Hungary ($X per unit), while Belgium ($X per unit) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by France (+X% per year), while the other leaders experienced a decline in the export price figures.

Accounting Machine Imports in the EU

In 2017, the amount of accounting machines, cash registers and postage-franking machines imported in the European Union amounted to X units, coming up by X% against the previous year. The total imports indicated a remarkable expansion from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the accounting machine imports decreased by -X% against 2014 indices. The pace of growth was the most pronounced in 2012, when imports increased by X% against the previous year. The volume of imports peaked of X units in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

In value terms, accounting machine imports amounted to $X in 2017. The accounting machine imports continue to indicate a relatively flat trend pattern. In that year, the accounting machine imports reached their peak level of $X. From 2015 to 2017, growth of the accounting machine imports failed to regain its momentum.

Accounting Machine Imports by Country in the EU

Belgium represented the key importing country with an import of around X units, which amounted to X% of total imports. The UK (X units) held the second position in the ranking, followed by Italy (X units) and Spain (X units). All these countries together took near X% share of total imports. Germany (X units), France (X units), Greece (X units), Sweden (X units), the Netherlands (X units) and Romania (X units) followed a long way behind the leaders.

Belgium was also the fastest growing in terms of the accounting machines, cash registers and postage-franking machines imports, with a CAGR of +X% from 2007 to 2017. At the same time, Germany (+X%), Italy (+X%), Sweden (+X%), Greece (+X%) and Romania (+X%) displayed positive paces of growth. By contrast, the UK (-X%), Spain (-X%), France (-X%) and the Netherlands (-X%) illustrated a downward trend over the same period. The UK (X%) significantly strengthened its position in terms of the global imports, while Germany, Italy and Belgium saw its share reduced by -X%, -X% and -X% from 2007 to 2017, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the UK ($X), Germany ($X) and Italy ($X) were the countries with the highest levels of imports in 2017, with a combined X% share of total imports. These countries were followed by France, Spain, Belgium, Greece, Sweden, the Netherlands and Romania, which together accounted for a further X%.

Belgium (+X% per year) experienced the highest growth rate of imports, among the main importing countries over the last decade, while the other leaders experienced more modest paces of growth.

Accounting Machine Import Prices by Country in the EU

The accounting machine import price in the European Union stood at $X per unit in 2017, declining by -X% against the previous year. The accounting machine import price continues to indicate an abrupt curtailment. The pace of growth was the most pronounced in 2013, when it surged by X% against the previous year. The level of import price peaked of $X per unit in 2007; however, from 2008 to 2017, it failed to regain its momentum.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Germany ($X per unit), while Belgium ($X per unit) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Greece (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform