Luxembourg: Acyclic Hydrocarbons Market 2022

Acyclic Hydrocarbons Market Size in Luxembourg

The Luxembourg acyclic hydrocarbons market soared to $X in 2020, jumping by X% 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, however, showed a pronounced downturn. Acyclic hydrocarbons consumption peaked at $X in 2007; however, from 2008 to 2020, consumption failed to regain the momentum.

Acyclic Hydrocarbons Exports

Exports from Luxembourg

Acyclic hydrocarbons exports from Luxembourg surged to X tons in 2020, increasing by X% compared with the previous year. Overall, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2008 with an increase of X% year-to-year. Over the period under review, exports reached the maximum at X tons in 2010; however, from 2011 to 2020, exports failed to regain the momentum.

In value terms, acyclic hydrocarbons exports skyrocketed to $X in 2020. Over the period under review, exports, however, saw modest growth. The pace of growth appeared the most rapid in 2008 when exports increased by X% against the previous year. Over the period under review, exports reached the peak figure at $X in 2010; however, from 2011 to 2020, exports failed to regain the momentum.

Exports by Country

Turkey (X tons) was the main destination for acyclic hydrocarbons exports from Luxembourg, with a X% share of total exports. Moreover, acyclic hydrocarbons exports to Turkey exceeded the volume sent to the second major destination, France (X tons), more than tenfold.

From 2007 to 2020, the average annual growth rate of volume to Turkey stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-X% per year) and the Netherlands (-X% per year).

In value terms, Turkey ($X) remains the key foreign market for acyclic hydrocarbons exports from Luxembourg, comprising X% of total exports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of total exports.

From 2007 to 2020, the average annual growth rate of value to Turkey stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-X% per year) and France (-X% per year).

Export Prices by Country

The average acyclic hydrocarbons export price stood at $X per ton in 2020, growing by X% against the previous year. In general, the export price posted slight growth. The most prominent rate of growth was recorded in 2008 an increase of X% year-to-year. The export price peaked at $X per ton in 2014; however, from 2015 to 2020, export prices failed to regain the momentum.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Turkey ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands, while the prices for the other major destinations experienced mixed trend patterns.

Acyclic Hydrocarbons Imports

Imports into Luxembourg

In 2020, the amount of acyclic hydrocarbons imported into Luxembourg surged to X tons, picking up by X% compared with the year before. Over the period under review, imports, however, showed a noticeable setback. Imports peaked at X tons in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

In value terms, acyclic hydrocarbons imports surged to $X in 2020. In general, imports, however, continue to indicate a mild contraction. Imports peaked at $X in 2008; however, from 2009 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Belgium (X tons) constituted the largest supplier of acyclic hydrocarbons to Luxembourg, accounting for a X% share of total imports. Moreover, acyclic hydrocarbons imports from Belgium exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold.

From 2007 to 2020, the average annual growth rate of volume from Belgium amounted to +X%.

In value terms, the largest acyclic hydrocarbons suppliers to Luxembourg were Germany ($X) and Belgium ($X the main suppliers, Belgium recorded the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

In 2020, the average acyclic hydrocarbons import price amounted to $X per ton, growing by X% against the previous year. Overall, import price indicated a mild expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2008 an increase of X% y-o-y. Over the period under review, average import prices attained the maximum at $X per ton in 2009; however, from 2010 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Germany ($X per ton), while the price for Belgium totaled $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Germany.

Source: IndexBox Platform

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