Luxembourg: Market for Articles Of Asbestos-Cement, Of Cellulose Fibre-Cement 2024

Market Size for Articles Of Asbestos-Cement, Of Cellulose Fibre-Cement in Luxembourg

The Luxembourg market for articles of asbestos-cement, of cellulose fibre-cement shrank to $X in 2021, which is down by -3.7% against the previous year. In general, consumption saw a abrupt contraction. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Production of Articles Of Asbestos-Cement, Of Cellulose Fibre-Cement in Luxembourg

In value terms, production of articles of asbestos-cement, of cellulose fibre-cement rose rapidly to $X in 2021 estimated in export price. Overall, production, however, showed a abrupt descent. The most prominent rate of growth was recorded in 2013 when the production volume increased by 29% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production of growth remained at a somewhat lower figure.

Exports of Articles Of Asbestos-Cement, Of Cellulose Fibre-Cement

Exports from Luxembourg

In 2021, approx. X tons of articles of asbestos-cement, of cellulose fibre-cement were exported from Luxembourg; picking up by 50% on the previous year. Over the period under review, exports, however, continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2018 with an increase of 278% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, exports of articles of asbestos-cement, of cellulose fibre-cement surged to $X in 2021. Overall, exports, however, saw a perceptible downturn. The most prominent rate of growth was recorded in 2018 when exports increased by 317% against the previous year. Over the period under review, the exports of hit record highs at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Belgium (X tons) was the main destination for exports of articles of asbestos-cement, of cellulose fibre-cement from Luxembourg, accounting for a 68% share of total exports. Moreover, exports of articles of asbestos-cement, of cellulose fibre-cement to Belgium exceeded the volume sent to the second major destination, Germany (X tons), twofold.

From 2012 to 2021, the average annual growth rate of volume to Belgium amounted to +11.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-19.1% per year) and France (-40.5% per year).

In value terms, Belgium ($X), Germany ($X) and France ($X) were the largest markets for articles of asbestos-cement, of cellulose fibre-cement exported from Luxembourg worldwide.

In terms of the main countries of destination, Belgium, with a CAGR of +13.9%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average export price for articles of asbestos-cement, of cellulose fibre-cement stood at $X per ton in 2021, jumping by 32% against the previous year. Overall, export price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +8.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 an increase of 39%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2018; afterwards, it flattened through to 2021.

Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+10.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Articles Of Asbestos-Cement, Of Cellulose Fibre-Cement

Imports into Luxembourg

In 2021, the amount of articles of asbestos-cement, of cellulose fibre-cement imported into Luxembourg dropped sharply to X tons, with a decrease of -92.3% on the year before. Over the period under review, imports saw a sharp descent. The growth pace was the most rapid in 2014 when imports increased by 155% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of articles of asbestos-cement, of cellulose fibre-cement declined sharply to $X in 2021. In general, imports recorded a sharp downturn. The growth pace was the most rapid in 2017 with an increase of 213%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Germany (X tons) was the main supplier of articles of asbestos-cement, of cellulose fibre-cement to Luxembourg, accounting for a 94% share of total imports. Moreover, imports of articles of asbestos-cement, of cellulose fibre-cement from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X kg), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to -22.1%.

In value terms, Germany ($X) constituted the largest supplier of articles of asbestos-cement, of cellulose fibre-cement to Luxembourg, comprising 84% of total imports. The second position in the ranking was taken by Belgium ($X), with a 16% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to -20.0%.

Import Prices by Country

The average import price for articles of asbestos-cement, of cellulose fibre-cement stood at $X per ton in 2021, rising by 58% against the previous year. In general, the import price showed noticeable growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Germany totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+12.3%).

Source: IndexBox Platform

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