EU: Timer Market 2024

Timer Market Size in the EU

The EU timer market fell to $X in 2022, standing approx. at the previous year. Overall, consumption, however, continues to indicate a noticeable downturn. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Timer Production in the EU

In value terms, timer production shrank to $X in 2022 estimated in export price. Over the period under review, production, however, showed a abrupt descent. The pace of growth was the most pronounced in 2021 with an increase of X%. The level of production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Timer Exports

Exports in the EU

In 2022, shipments abroad of timers decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X units in 2021, and then shrank in the following year.

In value terms, timer exports rose modestly to $X in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Slovenia (X units) represented the largest exporter of timers, making up X% of total exports. Belgium (X units) took the second position in the ranking, followed by Poland (X units), the Netherlands (X units), Italy (X units), Greece (X units) and France (X units). All these countries together took near X% share of total exports.

Exports from Slovenia decreased at an average annual rate of X% from 2012 to 2022. At the same time, Greece (X%), Poland (X%), Belgium (X%), Italy (X%) and France (X%) displayed positive paces of growth. Moreover, Greece emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2022. By contrast, the Netherlands (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Belgium, Poland, Greece, Italy and France increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest timer supplying countries in the European Union were France ($X), the Netherlands ($X) and Belgium ($X), with a combined X% share of total exports. Poland, Slovenia, Italy and Greece lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Greece, with a CAGR of X%, recorded 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

In 2022, the export price in the European Union amounted to $X per unit, rising by X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

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 France ($X per unit), while Slovenia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovenia (X%), while the other leaders experienced mixed trends in the export price figures.

Timer Imports

Imports in the EU

In 2022, timer imports in the European Union shrank remarkably to X units, waning by X% against the year before. Overall, imports continue to indicate a slight contraction. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports reached the maximum at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, timer imports surged to $X in 2022. Total imports indicated a buoyant increase 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 2020 indices. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The countries with the highest levels of timer imports in 2022 were Slovenia (X units), Italy (X units), Belgium (X units), Poland (X units) and the Netherlands (X units), together amounting to X% of total import. It was distantly followed by Finland (X units), constituting a X% share of total imports. The following importers - Spain (X units), Denmark (X units), Greece (X units), Hungary (X units), Germany (X units), Ireland (X units) and Sweden (X units) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Spain ($X) and Poland ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Belgium, the Netherlands, Germany, Greece, Ireland, Denmark, Slovenia, Finland, Sweden and Hungary lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Greece, with a CAGR of X%, recorded 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, rising by X% against the previous year. In general, the import price posted a prominent increase. The most prominent rate of growth was recorded in 2017 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2018 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Spain ($X per unit), while Slovenia ($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