Smart Card Market Overview in Germany
Market Overview
In 2019, the German smart card market was finally on the rise to reach $
after two years of decline. Over the period under review, consumption recorded a relatively flat trend pattern. The growth pace was the most rapid in 2009 when the market value increased by % year-to-year. Over the period under review, the market attained the maximum level at $ in 2011; however, from 2012 to 2019, consumption stood at a somewhat lower figure.
In value terms, smart card production expanded to $ in 2019 estimated in export prices. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009 with an increase of % against the previous year. Over the period under review, production hit record highs at $ in 2011; however, from 2012 to 2019, production remained at a lower figure.
after two years of decline. Over the period under review, consumption recorded a relatively flat trend pattern. The growth pace was the most rapid in 2009 when the market value increased by % year-to-year. Over the period under review, the market attained the maximum level at $ in 2011; however, from 2012 to 2019, consumption stood at a somewhat lower figure.In value terms, smart card production expanded to $
in 2019 estimated in export prices. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009 with an increase of % against the previous year. Over the period under review, production hit record highs at $ in 2011; however, from 2012 to 2019, production remained at a lower figure.Consumption
In 2019, consumption of cards incorporating an electronic integrated circuit (smart card) in Germany expanded remarkably to units, with an increase of % compared with the previous year. Over the period under review, the total consumption indicated pronounced growth from 2007 to 2019: its volume increased at an average annual rate of +% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +% against 2017 indices. The growth pace was the most rapid in 2011 when the consumption volume increased by % against the previous year. Over the period under review, consumption hit record highs at units in 2016; however, from 2017 to 2019, consumption failed to regain the momentum.
The size of the smart card market in Germany rose to $ in 2019, increasing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009 with an increase of % y-o-y. Smart card consumption peaked at $ in 2011; however, from 2012 to 2019, consumption stood at a somewhat lower figure.
units, with an increase of % compared with the previous year. Over the period under review, the total consumption indicated pronounced growth from 2007 to 2019: its volume increased at an average annual rate of +% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +% against 2017 indices. The growth pace was the most rapid in 2011 when the consumption volume increased by % against the previous year. Over the period under review, consumption hit record highs at units in 2016; however, from 2017 to 2019, consumption failed to regain the momentum.The size of the smart card market in Germany rose to $
in 2019, increasing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009 with an increase of % y-o-y. Smart card consumption peaked at $ in 2011; however, from 2012 to 2019, consumption stood at a somewhat lower figure.Market Forecast
Driven by increasing demand for smart card in Germany, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from 2019 to , which is projected to bring the market volume to units by the end of .
% for the period from 2019 to , which is projected to bring the market volume to units by the end of .Market Structure
In 2019, the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review.
% in value terms and % in physical terms. The share of imports remained relatively constant over the period under review.Trade Balance
Germany remains a net importer of smart card; in physical and value terms, imports consistently exceeded exports from 2007 to 2019. In 2019, there was a significant trade deficit of units, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
units, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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