Europe: Market for Instrument Panel And Wall Clocks 2024

Market Size for Instrument Panel And Wall Clocks in Europe

In 2020, the Europe market for instrument panel and wall clocks decreased by X% to $X, falling for the third consecutive year after two years of growth. In general, consumption saw a pronounced contraction. The most prominent rate of growth was recorded in 2016 when the market value increased by X% against the previous year. The level of consumption peaked at $X in 2012; however, from 2013 to 2020, consumption failed to regain momentum.

Production of Instrument Panel And Wall Clocks in Europe

In value terms, instrument panel and wall clock production amounted to $X in 2020 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2020; however, the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2019 when the production volume increased by X%. Over the period under review, production attained the peak level in 2020 and is likely to see gradual growth in the immediate term.

Exports of Instrument Panel And Wall Clocks

Exports in Europe

In 2020, after six years of growth, there was decline in overseas shipments of instrument panel and wall clocks, when their volume decreased by X% to X units. The total export volume increased at an average annual rate of X% over the period from 2012 to 2020; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units, and then reduced in the following year.

In value terms, instrument panel and wall clock exports shrank to $X in 2020. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2019, and then fell in the following year.

Exports by Country

The Netherlands (X units) and Germany (X units) represented roughly X% of total exports in 2020. France (X units) ranks next in terms of the total exports with a X% share, followed by Belgium (X%), Poland (X%) and the UK (X%). Romania (X units), Spain (X units), the Czech Republic (X units), Austria (X units) and Sweden (X units) followed a long way behind the leaders.

From 2012 to 2020, the biggest increases were recorded for Romania (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest instrument panel and wall clock supplying countries in Europe were Germany ($X), France ($X) and the Netherlands ($X), together accounting for X% of total exports. The UK, Romania, Poland, Belgium, Spain, the Czech Republic, Sweden and Austria lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Romania, 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

The export price in Europe stood at $X per unit in 2020, reducing by X% against the previous year. In general, the export price continues to indicate a mild contraction. The growth pace was the most rapid in 2013 an increase of X% against the previous year. The level of export peaked at $X per unit in 2017; however, from 2018 to 2020, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2020, amid the top suppliers, the country with the highest price was Romania ($X per unit), while the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2020, 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.

Imports of Instrument Panel And Wall Clocks

Imports in Europe

In 2020, supplies from abroad of instrument panel and wall clocks decreased by X% to X units, falling for the second consecutive year after three years of growth. In general, imports continue to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2016 when imports increased by X%. The volume of import peaked at X units in 2014; however, from 2015 to 2020, imports stood at a somewhat lower figure.

In value terms, instrument panel and wall clock imports declined markedly to $X in 2020. Over the period under review, imports saw a slight contraction. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then contracted markedly in the following year.

Imports by Country

The countries with the highest levels of instrument panel and wall clock imports in 2020 were Germany (X units), the UK (X units), France (X units) and the Netherlands (X units), together accounting for X% of total import. Russia (X units) ranks next in terms of the total imports with a X% share, followed by Poland (X%) and Belgium (X%). The following importers - Italy (X units), Spain (X units), Hungary (X units), Austria (X units), Greece (X units) and the Czech Republic (X units) - together made up X% of total imports.

From 2012 to 2020, the biggest increases were recorded for Hungary (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and the UK ($X) constituted the countries with the highest levels of imports in 2020, with a combined X% share of total imports. The Netherlands, Poland, Italy, Spain, Belgium, Austria, Russia, the Czech Republic, Hungary and Greece lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

In 2020, the import price in Europe amounted to $X per unit, falling by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit, and then dropped in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2020, amid the top importers, the country with the highest price was Austria ($X per unit), while Greece ($X per unit) was amongst the lowest.

From 2012 to 2020, 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.

Source: IndexBox Platform

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