Measuring Instrument Market Overview in France
Market Overview
In 2019, the French measuring instrument market was finally on the rise to reach $
after six years of decline. Overall, consumption enjoyed a measured expansion. The most prominent rate of growth was recorded in 2011 with an increase of % year-to-year. Over the period under review, the market hit record highs at $ in 2012; however, from 2013 to 2019, consumption remained at a lower figure.
In value terms, measuring instrument production skyrocketed to $ in 2019 estimated in export prices. Over the period under review, production, however, posted buoyant growth. As a result, production attained the peak level and is likely to continue growth in the immediate term.
after six years of decline. Overall, consumption enjoyed a measured expansion. The most prominent rate of growth was recorded in 2011 with an increase of % year-to-year. Over the period under review, the market hit record highs at $ in 2012; however, from 2013 to 2019, consumption remained at a lower figure.In value terms, measuring instrument production skyrocketed to $
in 2019 estimated in export prices. Over the period under review, production, however, posted buoyant growth. As a result, production attained the peak level and is likely to continue growth in the immediate term.Consumption
In 2019, the amount of instruments and apparatus for measuring or checking the flow or level of liquids consumed in France expanded to units, with an increase of % against 2018 figures. The total consumption volume increased at an average annual rate of +% from 2007 to 2019; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2011 when the consumption volume increased by % against the previous year. Over the period under review, consumption attained the maximum volume at units in 2012; however, from 2013 to 2019, consumption failed to regain the momentum.
The size of the measuring instrument market in France rose sharply to $ in 2019, picking up 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). Over the period under review, consumption showed measured growth. The pace of growth appeared the most rapid in 2011 with an increase of % y-o-y. Over the period under review, the market attained the peak level at $ in 2012; however, from 2013 to 2019, consumption stood at a somewhat lower figure.
units, with an increase of % against 2018 figures. The total consumption volume increased at an average annual rate of +% from 2007 to 2019; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2011 when the consumption volume increased by % against the previous year. Over the period under review, consumption attained the maximum volume at units in 2012; however, from 2013 to 2019, consumption failed to regain the momentum.The size of the measuring instrument market in France rose sharply to $
in 2019, picking up 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). Over the period under review, consumption showed measured growth. The pace of growth appeared the most rapid in 2011 with an increase of % y-o-y. Over the period under review, the market attained the peak level at $ in 2012; however, from 2013 to 2019, consumption stood at a somewhat lower figure.Market Forecast
Driven by increasing demand for measuring instrument in France, 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
Measuring instrument market in France remained dependent on supplies from foreign countries. In 2019, the share of imports in total consumption was % in value terms and % in physical terms.
% in value terms and % in physical terms.Trade Balance
France remains a net importer of measuring instrument; 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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