EU: Magnetic Card Market 2024

Magnetic Card Market Size in the EU

The EU magnetic card market reduced slightly to $X in 2022, dropping by X% against the previous year. In general, consumption, however, recorded a deep reduction. The pace of growth appeared the most rapid in 2021 with an increase of X%. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Magnetic Card Production in the EU

In value terms, magnetic card production dropped to $X in 2022 estimated in export price. In general, production, however, continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Magnetic Card Exports

Exports in the EU

In 2022, overseas shipments of cards incorporating a magnetic stripe increased by X% to X units for the first time since 2018, thus ending a three-year declining trend. In general, exports, however, recorded a abrupt decline. The volume of export peaked at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, magnetic card exports declined to $X in 2022. Overall, exports, however, continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The biggest shipments were from France (X units), Germany (X units) and Italy (X units), together recording X% of total export. Spain (X units) ranks next in terms of the total exports with a X% share, followed by Poland (X%) and Austria (X%). Denmark (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Italy (with a CAGR of X%), while the other leaders experienced a decline in the exports figures.

In value terms, the largest magnetic card supplying countries in the European Union were Italy ($X), France ($X) and Austria ($X), together accounting for X% of total exports. Denmark, Germany, Poland and Spain lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Poland, 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

The export price in the European Union stood at $X per unit in 2022, dropping by X% against the previous year. Export price indicated notable growth 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, magnetic card export price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit, and then declined notably in the following year.

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 Denmark ($X per unit), while Germany ($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 more modest paces of growth.

Magnetic Card Imports

Imports in the EU

After four years of decline, purchases abroad of cards incorporating a magnetic stripe increased by X% to X units in 2022. Over the period under review, imports, however, saw a abrupt decline. The volume of import peaked at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, magnetic card imports surged to $X in 2022. Total imports indicated modest 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. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Sweden (X units) and France (X units) represented the largest importers of cards incorporating a magnetic stripe in 2022, reaching approx. X% and X% of total imports, respectively. It was distantly followed by Spain (X units) and Italy (X units), together committing a X% share of total imports. The following importers - Germany (X units), the Czech Republic (X units), Austria (X units), Ireland (X units), Denmark (X units), Poland (X units), the Netherlands (X units), Greece (X units) and Luxembourg (X units) - together made up X% of total imports.

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

In value terms, the largest magnetic card importing markets in the European Union were France ($X), Sweden ($X) and Poland ($X), together comprising X% of total imports. The Netherlands, Italy, Greece, Ireland, Spain, Denmark, Germany, Austria, Luxembourg and the Czech Republic lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Greece, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per unit in 2022, surging by X% against the previous year. Overall, the import price saw resilient growth. The pace of growth appeared the most rapid in 2020 when the import price increased by X%. Over the period under review, import prices reached the maximum in 2022 and is likely to see gradual growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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