Europe: Manostat Market 2023

Manostat Market Size in Europe

In 2021, after nine years of growth, there was significant decline in the Europe manostat market, when its value decreased by -9% to $X. Overall, consumption, however, saw a strong expansion. The level of consumption peaked at $X in 2020, and then declined in the following year.

Manostat Production in Europe

In value terms, manostat production declined significantly to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed prominent growth. The pace of growth was the most pronounced in 2020 with an increase of 77%. As a result, production reached the peak level of $X, and then fell markedly in the following year.

Manostat Exports

Exports in Europe

In 2021, the amount of manostats exported in Europe rose slightly to X units, with an increase of 4.5% against 2020 figures. Overall, exports showed a significant increase. The growth pace was the most rapid in 2020 when exports increased by 2,460%. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the near future.

In value terms, manostat exports amounted to $X in 2021. Over the period under review, exports showed a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 1,430% against the previous year. The level of export peaked in 2021 and is likely to see gradual growth in the near future.

Exports by Country

The shipments of the three major exporters of manostats, namely Germany, Belgium and Italy, represented more than half of total export. Serbia (X units) took the next position in the ranking, followed by the Czech Republic (X units), Romania (X units), Poland (X units) and Slovenia (X units). All these countries together took approx. 33% share of total exports.

From 2012 to 2021, the biggest increases were in the Czech Republic (with a CAGR of +43.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Belgium ($X) and Romania ($X) were the countries with the highest levels of exports in 2021, with a combined 60% share of total exports. These countries were followed by Italy, Poland, the Czech Republic, Slovenia and Serbia, which together accounted for a further 22%.

Italy, with a CAGR of +41.6%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries 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 2021, falling by -2% against the previous year. Over the period under review, the export price saw a perceptible shrinkage. The pace of growth was the most pronounced in 2014 when the export price increased by 23% against the previous year. The level of export peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Romania ($X per unit), while Serbia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+16.7%), while the other leaders experienced more modest paces of growth.

Manostat Imports

Imports in Europe

In 2021, manostat imports in Europe expanded remarkably to X units, with an increase of 8.7% on the previous year's figure. In general, imports showed a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 632%. The volume of import peaked in 2021 and is likely to see gradual growth in years to come.

In value terms, manostat imports rose notably to $X in 2021. Over the period under review, imports showed a significant increase. The growth pace was the most rapid in 2020 when imports increased by 690% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to see gradual growth in years to come.

Imports by Country

In 2021, Germany (X units), distantly followed by the Czech Republic (X units), Poland (X units), Spain (X units), Portugal (X units), Denmark (X units) and France (X units) represented the major importers of manostats, together comprising 68% of total imports. Slovakia (X units), Russia (X units), Austria (X units), Romania (X units), Italy (X units) and the UK (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Slovakia (with a CAGR of +68.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constitutes the largest market for imported manostats in Europe, comprising 28% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a 13% share of total imports. It was followed by Italy, with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Germany totaled +11.2%. The remaining importing countries recorded the following average annual rates of imports growth: the Czech Republic (-2.1% per year) and Italy (+41.4% per year).

Import Prices by Country

The import price in Europe stood at $X per unit in 2021, increasing by 2.7% against the previous year. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the import price increased by 21%. Over the period under review, import prices hit record highs at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Italy ($X per unit), while Romania ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+9.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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