Period 2007-2019
Measuring Instrument Market Overview in France |
Market Overview
For the fourth consecutive year, the French measuring instrument market recorded decline in sales value, which decreased by -
% to $ in 2019. In general, consumption recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when the market value increased by % year-to-year. Over the period under review, the market attained the peak level at $ in 2013; however, from 2014 to 2019, consumption remained at a lower figure.
In value terms, measuring instrument production rose rapidly to $ in 2019 estimated in export prices. Over the period under review, production posted a prominent expansion. The pace of growth was the most pronounced in 2013 when the production volume increased by % year-to-year. Over the period under review, production hit record highs in 2019 and is likely to continue growth in the near future.
% to $ in 2019. In general, consumption recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when the market value increased by % year-to-year. Over the period under review, the market attained the peak level at $ in 2013; however, from 2014 to 2019, consumption remained at a lower figure.In value terms, measuring instrument production rose rapidly to $
in 2019 estimated in export prices. Over the period under review, production posted a prominent expansion. The pace of growth was the most pronounced in 2013 when the production volume increased by % year-to-year. Over the period under review, production hit record highs in 2019 and is likely to continue growth in the near future.Consumption
Measuring instrument consumption in France stood at units in 2019, leveling off at the previous year. Over the period under review, consumption saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of % year-to-year. Over the period under review, consumption reached the maximum volume at units in 2017; however, from 2018 to 2019, consumption failed to regain the momentum.
The value of the measuring instrument market in France shrank slightly to $ in 2019, declining 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 recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 with an increase of % against the previous year. Measuring instrument consumption peaked at $ in 2013; however, from 2014 to 2019, consumption remained at a lower figure.
units in 2019, leveling off at the previous year. Over the period under review, consumption saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of % year-to-year. Over the period under review, consumption reached the maximum volume at units in 2017; however, from 2018 to 2019, consumption failed to regain the momentum.The value of the measuring instrument market in France shrank slightly to $
in 2019, declining 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 recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 with an increase of % against the previous year. Measuring instrument consumption peaked at $ in 2013; however, from 2014 to 2019, consumption remained at a 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 retain its current trend pattern, 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 consists almost entirely of imported products.
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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