Back to top

Import prices in industry

DownloadPrint

National Reference Metadata in Euro SDMX Metadata Structure (ESMS)

Compiling agency: Institut National de la Statistique et des Etudes Economiques (French NSI).

Need help? Contact the Eurostat user support

Name of indicator/source: Import prices of industrial products, collected by the OPISE (Observation of Prices in Industry and SErvices) survey.

24 June 2025

Import price indices of industrial products track the development of transaction prices (converted to euros, therefore including the exchange effects) of goods and services from foreign industrial (and trade) activities sold on the French market. The measurement covers as much as possible cost, insurance and freight (CIF) prices, which is to say that it is assessed at the French border exclusive of import taxes, in line with European regulation No 2020/1197 (nonetheless, the price is extracted from firms databases, therefore it is more an « invoice price » than a « CIF price »). All imports are taken into account, whether they are internal to groups or not.
Field surveyors regularly contact firms in order to define the elementary products and the kinds of “markets” to be included in the basket. The selected transactions are representative of the price change of a family of products. In practice, transactions are products with the biggest turnover within each family. The aim of Insee is to obtain a price close to the real price of transaction.

Planned changes in information collected: None.

Accounting conventions: The reported price often corresponds to the average price of the product bought over one calendar month.

Reporting unit: Firms. Sometimes, several departments of a single firm (due to their organization) or a head office of a group for its affiliates.

Observation unit(s): Family of transactions = fine items of products crossed with a typology of "markets" (countries, kinds of providers).

The statistical population is defined by the customs statistics. There were 184,000 French firms importing industrial products in 2023.

The survey covers French economic territory, including Corsica and overseas departments (Guadeloupe, French Guyana, Martinique, Mayotte and Réunion). Conversely, overseas territories (New Caledonia, French Polynesia, Saint Pierre and Miquelon, Wallis and Futuna) are excluded.

The periodicity is monthly.

The main sources of error are the following ones:

  • non probability-sampling error (a "cut-off" technique is used)
  • aggregation of indices based on too few representative products
  • misunderstandings concerning price questionnaires
  • non-response
  • errors in data processing
  • handling of quality changes in products
  • handling of new products entering and old one exiting from the market
  • measurement difficulties in unique/one-off products
  • uncertainty of imputation models

The revision of "total industry" import price indices is rarely higher than 0.2% a month in absolute terms. No bias on revisions has been observed.

Indices (reference 100 in 2021) on prices expressed in euros.

Estimates for quality change linked with new products:

Many techniques are used, depending on the context:

  • Monthly overlap whenever possible
  • Imputation of the average price change in the series (by default)
  • Prices kept constant (for tariffs preferably)
  • Imputation of the average price change for the same respondent
  • Selection of another product from the same respondent
  • Selection of a similar product from another respondent
  • Imputation of the price change of the main raw material

When a product disappears, the firm is contacted in order to supply data for a new one.

Estimates for grossing-up to population levels: None.

Type of index: Chain-linked Laspeyres indices in reference 100 in 2021 (annual average), from CPA 4-digit upwards.

Method of weighting and chaining: The weights are proportional to the imports on the relevant zone (euro or non-euro area). This information is obtained from national accounts at aggregated levels and from the customs statistics at CPA 4-digit. Below the CPA 4-digit level, the aggregation is done according to the information gathered by field surveyors during contacts.

Type of source: OPISE statistical survey, monthly for industrial import price indices.

Frame on which the source is based: Customs statistics.

Sample or census: A two-stage sample is drawn: the first stage selects firms, the second one chooses representative goods among the imports of firms (during a contact between field surveyors and firms).

Criteria for stratification: The largest firms are selected until at least 30% and most often 50% of the group of goods total imports is covered. Units that do not fall within these criteria might be selected to obtain a better coverage of a particular product family, especially when previously selected units appear to be misclassified. The choice of the products is made by field surveyors when they contact the firm. In accordance with the contact person inside the firm, a set of representative products is selected.

Threshold values and percentages: Firms with amounts less than EUR 3 million are generally excluded from the scope.

Frequency of updating the sample: Every 5 years, for each covered CPA class (4-digit level).

Monthly

Timeliness: Indices are released near the 30th of the month following the reference month. They are provisional for three months. All markets, fine details and aggregates are available at the same time.

Timetable of data collection: Questionnaires for month M prices are sent at the end of month M. The response is to be made before the 10th of M+1. For internet respondents, if they do not complete the questionnaire, they can receive up to two reminder e-mails. The first is around the 10 of M+1. If they still do not answer, the second is sent to them around the 20 of M+1. For paper respondents, only one follow-up letter is sent around the 15 of M+1. If necessary, a follow-up call can be made until the deadline.

Overseas departments are included in French economic territory, whereas overseas territories are excluded.

Import price indices are aggregated and chain-linked since January 2005. Before, they have been backcasted with the help of import PPI in base and reference 2005, with a fixed base technique, relying on weights of year 2005.