Luxembourg: Carbonate Market 2024

Carbonate Market Size in Luxembourg

The Luxembourg carbonate market surged to $X in 2021, picking up by 19% 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). Overall, consumption, however, showed a mild descent. Carbonate consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Carbonate Exports

Exports from Luxembourg

After two years of decline, shipments abroad of carbonates and peroxocarbonates increased by 6.1% to X tons in 2021. In general, exports enjoyed prominent growth. The pace of growth appeared the most rapid in 2015 when exports increased by 738%. Over the period under review, the exports reached the peak figure at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, carbonate exports soared to $X in 2021. Overall, exports continue to indicate a tangible expansion. The growth pace was the most rapid in 2015 with an increase of 491% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X tons) was the main destination for carbonate exports from Luxembourg, accounting for a 49% share of total exports. Moreover, carbonate exports to the UK exceeded the volume sent to the second major destination, Belgium (X tons), twofold. The third position in this ranking was held by Germany (X tons), with a 14% share.

From 2012 to 2021, the average annual growth rate of volume to the UK was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+38.7% per year) and Germany (+37.9% per year).

In value terms, the UK ($X) emerged as the key foreign market for carbonates and peroxocarbonates exports from Luxembourg, comprising 83% of total exports. The second position in the ranking was taken by Belgium ($X), with a 6% share of total exports. It was followed by Germany, with a 5.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+25.2% per year) and Germany (+13.7% per year).

Export Prices by Country

The average carbonate export price stood at $X per ton in 2021, with an increase of 133% against the previous year. In general, the export price, however, saw a deep slump. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Italy ($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 the Netherlands (+4.1%), while the prices for the other major destinations experienced mixed trend patterns.

Carbonate Imports

Imports into Luxembourg

In 2021, approx. X tons of carbonates and peroxocarbonates were imported into Luxembourg; with an increase of 20% compared with the previous year's figure. Overall, imports, however, continue to indicate a perceptible curtailment. The pace of growth appeared the most rapid in 2014 with an increase of 28%. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, carbonate imports surged to $X in 2021. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by 21%. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, France (X tons) constituted the largest supplier of carbonate to Luxembourg, accounting for a 69% share of total imports. Moreover, carbonate imports from France exceeded the figures recorded by the second-largest supplier, Belgium (X tons), fourfold. Germany (X tons) ranked third in terms of total imports with a 5.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from France was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-2.2% per year) and Germany (-6.3% per year).

In value terms, France ($X) constituted the largest supplier of carbonates and peroxocarbonates to Luxembourg, comprising 58% of total imports. The second position in the ranking was taken by Belgium ($X), with a 16% share of total imports. It was followed by Sweden, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value from France was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-2.6% per year) and Sweden (+3.1% per year).

Import Prices by Country

The average carbonate import price stood at $X per ton in 2021, approximately equating the previous year. Over the last nine-year period, it increased at an average annual rate of +1.4%. The growth pace was the most rapid in 2017 when the average import price increased by 18%. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($X per ton), while the price for Belgium ($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 (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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