Luxembourg: Plaster Article Market 2024

Plaster Article Market Size in Luxembourg

The Luxembourg plaster article market soared to $X in 2021, with an increase of 16% 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). Over the period under review, the total consumption indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +9.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +48.5% against 2014 indices. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the near future.

Plaster Article Exports

Exports from Luxembourg

In 2021, exports of articles of plaster or of compositions based on plaster from Luxembourg rose slightly to X tons, surging by 3.9% against the year before. Overall, exports, however, saw a sharp decrease. The most prominent rate of growth was recorded in 2017 with an increase of 16%. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, plaster article exports reached $X in 2021. Over the period under review, exports, however, showed a dramatic shrinkage. The most prominent rate of growth was recorded in 2019 when exports increased by 283% against the previous year. The exports peaked 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 plaster article exports from Luxembourg, accounting for a 61% share of total exports. Moreover, plaster article exports to Belgium exceeded the volume sent to the second major destination, France (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Belgium stood at +18.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-37.4% per year) and Germany (-10.8% per year).

In value terms, Belgium ($X) emerged as the key foreign market for plaster article exports from Luxembourg, comprising 60% of total exports. The second position in the ranking was held by France ($X), with a 22% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Belgium stood at +16.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-36.2% per year) and Germany (-9.8% per year).

Export Prices by Country

In 2021, the average plaster article export price amounted to $X per ton, with a decrease of -2.6% against the previous year. Overall, the export price, however, posted a mild increase. The growth pace was the most rapid in 2019 when the average export price increased by 259%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2021, the country with the highest price was France ($X per ton), while the average price for exports to Germany ($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 France (+2.0%), while the prices for the other major destinations experienced mixed trend patterns.

Plaster Article Imports

Imports into Luxembourg

In 2021, approx. X tons of articles of plaster or of compositions based on plaster were imported into Luxembourg; picking up by 9.5% on the previous year's figure. The total import volume increased at an average annual rate of +2.8% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 15%. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, plaster article imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.6% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Belgium (X tons), Germany (X tons) and France (X tons) were the main suppliers of plaster article imports to Luxembourg, with a combined 99% share of total imports.

From 2012 to 2021, the biggest increases were in Belgium (with a CAGR of +5.5%), while purchases for the other leaders experienced a decline.

In value terms, Belgium ($X), Germany ($X) and France ($X) appeared to be the largest plaster article suppliers to Luxembourg, together accounting for 98% of total imports.

Among the main suppliers, Belgium, with a CAGR of +5.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average plaster article import price stood at $X per ton in 2021, with an increase of 6.7% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 11%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+1.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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