Luxembourg: Band Saw Blade Market 2024

Band Saw Blade Market Size in Luxembourg

The Luxembourg band saw blade market soared to $X in 2021, rising by 76% 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, consumption, however, showed a perceptible decline. Band saw blade consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Band Saw Blade Exports

Exports from Luxembourg

In 2021, the amount of band saw blades exported from Luxembourg surged to X tons, rising by 76% compared with the year before. Overall, exports posted a remarkable increase. The most prominent rate of growth was recorded in 2019 when exports increased by 130%. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, band saw blade exports soared to $X in 2021. Over the period under review, exports enjoyed a resilient increase. The growth pace was the most rapid in 2016 when exports increased by 679%. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Belgium (X tons), France (X kg) and the United States (X kg) were the main destinations of band saw blade exports from Luxembourg, together comprising 99% of total exports. These countries were followed by Germany, which accounted for a further 0.8%.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +19.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for band saw blade exported from Luxembourg were Belgium ($X), France ($X) and the United States ($X), together accounting for 95% of total exports. Germany lagged somewhat behind, accounting for a further 0.8%.

Among the main countries of destination, Germany, with a CAGR of +40.6%, saw 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

In 2021, the average band saw blade export price amounted to $X per ton, waning by -19.3% against the previous year. In general, the export price recorded a slight decrease. The most prominent rate of growth was recorded in 2016 when the average export price increased by 351% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to France ($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 (+17.4%), while the prices for the other major destinations experienced mixed trend patterns.

Band Saw Blade Imports

Imports into Luxembourg

In 2021, the amount of band saw blades imported into Luxembourg skyrocketed to X tons, with an increase of 91% compared with 2020. Overall, imports, however, recorded a deep downturn. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, band saw blade imports surged to $X in 2021. Over the period under review, imports recorded a relatively flat trend pattern. 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) constituted the largest supplier of band saw blade to Luxembourg, accounting for a 69% share of total imports. Moreover, band saw blade imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X tons), fourfold. China (X tons) ranked third in terms of total imports with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany stood at -9.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+10.3% per year) and China (+77.1% per year).

In value terms, Germany ($X) constituted the largest supplier of band saw blades to Luxembourg, comprising 67% of total imports. The second position in the ranking was held by Belgium ($X), with a 10% share of total imports. It was followed by France, with a 9.3% share.

From 2012 to 2021, the average annual growth rate of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+4.3% per year) and France (-5.5% per year).

Import Prices by Country

In 2021, the average band saw blade import price amounted to $X per ton, shrinking by -12.7% against the previous year. Over the period under review, import price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +7.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, band saw blade import price decreased by +0.9% against 2017 indices. The growth pace was the most rapid in 2014 an increase of 43% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2020, and then shrank in the following year.

Prices varied noticeably by country of origin: amid the top importers, 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 Germany (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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