Luxembourg: Market for Turbo, Rotary and Reciporating Displacement Compressors 2024

Market Size for Turbo, Rotary and Reciporating Displacement Compressors in Luxembourg

In 2022, the Luxembourg market for turbo, rotary and reciporating displacement compressors increased by 8.2% to $X, rising for the second consecutive year after two years of decline. In general, consumption saw a temperate expansion. Consumption of peaked in 2022 and is expected to retain growth in the near future.

Production of Turbo, Rotary and Reciporating Displacement Compressors in Luxembourg

In value terms, production of turbo, rotary and reciporating displacement compressors skyrocketed to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a sharp decline. The most prominent rate of growth was recorded in 2015 when the production volume increased by 83% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production of growth remained at a lower figure.

Exports of Turbo, Rotary and Reciporating Displacement Compressors

Exports from Luxembourg

In 2022, the amount of turbo, rotary and reciporating displacement compressors exported from Luxembourg plummeted to X units, waning by -15.2% against the previous year. Overall, exports, however, posted a strong increase. The growth pace was the most rapid in 2014 when exports increased by 104% against the previous year. Over the period under review, the exports of attained the maximum at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of turbo, rotary and reciporating displacement compressors declined sharply to $X in 2022. Over the period under review, exports showed a noticeable contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 85% against the previous year. As a result, the exports attained the peak of $X, and then declined dramatically in the following year.

Exports by Country

France (X units), Belgium (X units) and Germany (X units) were the main destinations of exports of turbo, rotary and reciporating displacement compressors from Luxembourg, together comprising 79% of total exports. South Korea, Spain, Cote d'Ivoire, the Netherlands, Poland and Russia lagged somewhat behind, together comprising a further 15%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (with a CAGR of +275.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for turbo, rotary and reciporating displacement compressor exported from Luxembourg were Belgium ($X), Germany ($X) and France ($X), together comprising 50% of total exports. Poland, Cote d'Ivoire, Spain, the Netherlands, South Korea and Russia lagged somewhat behind, together accounting for a further 12%.

In terms of the main countries of destination, South Korea, with a CAGR of +206.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for turbo, rotary and reciporating displacement compressors stood at $X per unit in 2022, which is down by -15.1% against the previous year. Overall, the export price recorded a abrupt decrease. The pace of growth was the most pronounced in 2018 an increase of 96% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per unit), while the average price for exports to France ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+1.3%), while the prices for the other major destinations experienced a decline.

Imports of Turbo, Rotary and Reciporating Displacement Compressors

Imports into Luxembourg

In 2022, imports of turbo, rotary and reciporating displacement compressors into Luxembourg rose remarkably to X units, surging by 11% on the year before. Overall, imports saw a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 119%. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, imports of turbo, rotary and reciporating displacement compressors reduced to $X in 2022. Over the period under review, total imports indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +45.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 48% against the previous year. As a result, imports reached the peak of $X, and then contracted modestly in the following year.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of turbo, rotary and reciporating displacement compressor to Luxembourg, with a 66% share of total imports. Moreover, imports of turbo, rotary and reciporating displacement compressors from Germany exceeded the figures recorded by the second-largest supplier, China (X units), fourfold. Belgium (X units) ranked third in terms of total imports with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany stood at +15.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+30.3% per year) and Belgium (-4.3% per year).

In value terms, Germany ($X) constituted the largest supplier of turbo, rotary and reciporating displacement compressors to Luxembourg, comprising 52% of total imports. The second position in the ranking was held by Belgium ($X), with a 21% share of total imports. It was followed by Japan, with a 6.3% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to +5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+2.7% per year) and Japan (-7.4% per year).

Import Prices by Country

In 2022, the average import price for turbo, rotary and reciporating displacement compressors amounted to $X per unit, shrinking by -11.6% against the previous year. Overall, the import price saw a pronounced slump. The most prominent rate of growth was recorded in 2014 an increase of 46% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :