Luxembourg: Trailer And Semi-Trailer Market 2024

Trailer And Semi-Trailer Market Size in Luxembourg

The Luxembourg trailer and semi-trailer market soared to $X in 2022, increasing by 469% against the previous year. Over the period under review, consumption saw significant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Trailer And Semi-Trailer Production in Luxembourg

In value terms, trailer and semi-trailer production surged to $X in 2022 estimated in export price. Overall, production recorded strong growth. The pace of growth was the most pronounced in 2016 when the production volume increased by 152%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Trailer And Semi-Trailer Exports

Exports from Luxembourg

In 2022, shipments abroad of cargo trailers and semi-trailers decreased by -18.9% to X units for the first time since 2017, thus ending a four-year rising trend. Over the period under review, exports, however, recorded a remarkable increase. The growth pace was the most rapid in 2021 when exports increased by 93% against the previous year. As a result, the exports reached the peak of X units, and then reduced dramatically in the following year.

In value terms, trailer and semi-trailer exports totaled $X in 2022. In general, exports, however, saw buoyant growth. The growth pace was the most rapid in 2018 with an increase of 33%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

France (X units) was the main destination for trailer and semi-trailer exports from Luxembourg, accounting for a 57% share of total exports. Moreover, trailer and semi-trailer exports to France exceeded the volume sent to the second major destination, Germany (X units), fivefold. Belgium (X units) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to France totaled +23.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+11.6% per year) and Belgium (-1.3% per year).

In value terms, the largest markets for trailer and semi-trailer exported from Luxembourg were France ($X), Germany ($X) and Belgium ($X), with a combined 56% share of total exports. Italy, the UK, Austria, the Netherlands, Ireland and Poland lagged somewhat behind, together comprising a further 23%.

In terms of the main countries of destination, Austria, with a CAGR of +70.2%, recorded the highest rates of growth with regard to 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 2022, the average trailer and semi-trailer export price amounted to $X per unit, with an increase of 34% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average export price increased by 76% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to France ($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 Poland (+28.5%), while the prices for the other major destinations experienced more modest paces of growth.

Trailer And Semi-Trailer Imports

Imports into Luxembourg

In 2022, trailer and semi-trailer imports into Luxembourg soared to X units, growing by 18% on the year before. In general, imports recorded a prominent expansion. The growth pace was the most rapid in 2019 when imports increased by 115%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, trailer and semi-trailer imports rose markedly to $X in 2022. Overall, imports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of 67% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, Poland (X units) constituted the largest supplier of trailer and semi-trailer to Luxembourg, with a 79% share of total imports. Moreover, trailer and semi-trailer imports from Poland exceeded the figures recorded by the second-largest supplier, Germany (X units), sevenfold. The third position in this ranking was held by the Netherlands (X units), with a 4.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Poland amounted to +79.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+2.3% per year) and the Netherlands (+9.1% per year).

In value terms, Poland ($X) constituted the largest supplier of cargo trailers and semi-trailers to Luxembourg, comprising 70% of total imports. The second position in the ranking was held by Germany ($X), with a 15% share of total imports. It was followed by Belgium, with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Poland amounted to +91.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+11.4% per year) and Belgium (-3.8% per year).

Import Prices by Country

The average trailer and semi-trailer import price stood at $X per unit in 2022, falling by -6.5% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 33% against the previous year. As a result, import price reached the peak level of $X per unit. From 2019 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform