Luxembourg: Gravimetric Filling Machine Market 2024

Gravimetric Filling Machine Market Size in Luxembourg

In 2022, the Luxembourg gravimetric filling machine market decreased by -40.4% to $X for the first time since 2017, thus ending a four-year rising trend. In general, consumption recorded a slight downturn. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Gravimetric Filling Machine Exports

Exports from Luxembourg

In 2022, shipments abroad of automatic gravimetric filling machines increased by 85% to X units, rising for the second year in a row after two years of decline. Over the period under review, total exports indicated a notable increase from 2012 to 2022: its volume increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +117.6% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, gravimetric filling machine exports skyrocketed to $X in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units), Belgium (X units) and the Netherlands (X units) were the main destinations of gravimetric filling machine exports from Luxembourg.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +38.9%), while the other leaders experienced mixed trend patterns.

In value terms, Germany ($X) remains the key foreign market for automatic gravimetric filling machines exports from Luxembourg, comprising 78% of total exports. The second position in the ranking was held by Belgium ($X), with a 13% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Germany stood at -1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+8.3% per year) and the Netherlands (+144.4% per year).

Export Prices by Country

The average gravimetric filling machine export price stood at $X per unit in 2022, surging by 14% against the previous year. Overall, the export price, however, continues to indicate a pronounced slump. The pace of growth was the most pronounced in 2016 when the average export price increased by 45%. As a result, the export price attained the peak level of $X per unit. From 2017 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to the Netherlands ($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 (+75.9%), while the prices for the other major destinations experienced mixed trend patterns.

Gravimetric Filling Machine Imports

Imports into Luxembourg

In 2022, after four years of growth, there was significant decline in purchases abroad of automatic gravimetric filling machines, when their volume decreased by -38.9% to X units. Overall, imports saw a slight descent. The most prominent rate of growth was recorded in 2014 when imports increased by 183%. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, gravimetric filling machine imports dropped markedly to $X in 2022. In general, imports saw a noticeable descent. The growth pace was the most rapid in 2018 with an increase of 124% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Belgium (X units) constituted the largest supplier of gravimetric filling machine to Luxembourg, accounting for a 87% share of total imports. Moreover, gravimetric filling machine imports from Belgium exceeded the figures recorded by the second-largest supplier, France (X units), more than tenfold. Germany (X units) ranked third in terms of total imports with a 4.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Belgium amounted to +36.3%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-9.5% per year) and Germany (-24.8% per year).

In value terms, France ($X), Belgium ($X) and Germany ($X) appeared to be the largest gravimetric filling machine suppliers to Luxembourg, together accounting for 91% of total imports.

In terms of the main suppliers, Belgium, with a CAGR of +41.4%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average gravimetric filling machine import price stood at $X per unit in 2022, shrinking by -1.6% against the previous year. In general, the import price recorded a noticeable reduction. The most prominent rate of growth was recorded in 2017 when the average import price increased by 585% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for Belgium ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+34.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :