Luxembourg: Bituminous Mixtures Market 2024

Bituminous Mixtures Market Size in Luxembourg

In 2021, the Luxembourg bituminous mixtures market increased by 1.9% to $X, rising for the second year in a row after three years of decline. Overall, the total consumption indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +4.0% 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 +3.3% against 2019 indices. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Bituminous Mixtures Production in Luxembourg

In value terms, bituminous mixtures production dropped modestly to $X in 2021 estimated in export price. Over the period under review, the total production indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by +0.6% against 2019 indices. The most prominent rate of growth was recorded in 2016 with an increase of 91%. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Bituminous Mixtures Exports

Exports from Luxembourg

Bituminous mixtures exports from Luxembourg contracted remarkably to X tons in 2021, with a decrease of -33.8% on the year before. In general, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when exports increased by 772%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, bituminous mixtures exports dropped markedly to $X in 2021. Overall, exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2015 with an increase of 175% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

France (X tons) was the main destination for bituminous mixtures exports from Luxembourg, with a 95% share of total exports. It was followed by Belgium (X tons), with a 3.1% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to France was relatively modest.

In value terms, France ($X) remains the key foreign market for bituminous mixtures exports from Luxembourg, comprising 87% of total exports. The second position in the ranking was taken by Belgium ($X), with a 4.5% share of total exports.

From 2012 to 2021, the average annual growth rate of value to France amounted to -5.8%.

Export Prices by Country

The average bituminous mixtures export price stood at $X per ton in 2021, rising by 5.1% against the previous year. In general, the export price, however, continues to indicate a abrupt shrinkage. The growth pace was the most rapid in 2014 an increase of 47% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Belgium ($X per ton), while the average price for exports to France totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (-6.1%).

Bituminous Mixtures Imports

Imports into Luxembourg

In 2021, imports of bituminous mixtures into Luxembourg soared to X tons, increasing by 24% on the previous year's figure. Overall, total imports indicated a measured expansion from 2012 to 2021: its volume increased at an average annual rate of +3.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +128.0% against 2016 indices. The pace of growth appeared the most rapid in 2014 when imports increased by 67%. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, bituminous mixtures imports surged to $X in 2021. In general, imports, however, continue to indicate a relatively flat trend pattern. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, France (X tons) constituted the largest bituminous mixtures supplier to Luxembourg, with a 63% share of total imports. Moreover, bituminous mixtures imports from France exceeded the figures recorded by the second-largest supplier, Belgium (X tons), twofold.

From 2012 to 2021, the average annual growth rate of volume from France stood at +8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+4.3% per year) and Germany (-8.8% per year).

In value terms, France ($X) constituted the largest supplier of bituminous mixtures to Luxembourg, comprising 66% of total imports. The second position in the ranking was held by Belgium ($X), with a 23% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from France totaled +4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+5.8% per year) and Germany (-13.9% per year).

Import Prices by Country

In 2021, the average bituminous mixtures import price amounted to $X per ton, growing by 31% against the previous year. In general, the import price, however, showed a noticeable curtailment. The pace of growth was the most pronounced in 2016 an increase of 55%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably 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 Belgium (+1.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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