Luxembourg: Market for Central Heating Boilers, For Producing Hot Water Or Low Pressure Steam 2024

Exports of Central Heating Boilers, For Producing Hot Water Or Low Pressure Steam

Exports from Luxembourg

In 2022, exports of central heating boilers, for producing hot water or low pressure steam from Luxembourg reduced remarkably to X units, waning by -26.5% on 2021. Over the period under review, exports showed a abrupt slump. The most prominent rate of growth was recorded in 2021 when exports increased by 94%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of central heating boilers, for producing hot water or low pressure steam dropped sharply to $X in 2022. In general, exports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 88% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Belgium (X units) was the main destination for exports of central heating boilers, for producing hot water or low pressure steam from Luxembourg, with a 87% share of total exports. Moreover, exports of central heating boilers, for producing hot water or low pressure steam to Belgium exceeded the volume sent to the second major destination, France (X units), sevenfold.

From 2012 to 2022, the average annual growth rate of volume to Belgium amounted to -9.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-9.4% per year) and Germany (-11.9% per year).

In value terms, Belgium ($X) remains the key foreign market for central heating boilers, for producing hot water or low pressure steam exports from Luxembourg, comprising 77% of total exports. The second position in the ranking was held by France ($X), with a 21% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Belgium totaled -10.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-7.3% per year) and Germany (-14.0% per year).

Export Prices by Country

In 2022, the average export price for central heating boilers, for producing hot water or low pressure steam amounted to $X per unit, growing by 7.9% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 28% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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 France ($X per unit), while the average price for exports to Belgium ($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 France (+2.3%), while the prices for the other major destinations experienced a decline.

Imports of Central Heating Boilers, For Producing Hot Water Or Low Pressure Steam

Imports into Luxembourg

In 2022, approx. X units of central heating boilers, for producing hot water or low pressure steam were imported into Luxembourg; with a decrease of -6.2% compared with 2021 figures. Over the period under review, imports continue to indicate a slight downturn. The growth pace was the most rapid in 2021 with an increase of 27%. Over the period under review, imports of hit record highs at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of central heating boilers, for producing hot water or low pressure steam fell notably to $X in 2022. In general, imports saw a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 28%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X units) constituted the largest central heating boilers, for producing hot water or low pressure steam supplier to Luxembourg, accounting for a 70% share of total imports. Moreover, imports of central heating boilers, for producing hot water or low pressure steam from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X units), fourfold. The third position in this ranking was held by Austria (X units), with an 8.7% share.

From 2012 to 2022, the average annual growth rate of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+17.5% per year) and Austria (-5.8% per year).

In value terms, Germany ($X) constituted the largest supplier of central heating boilers, for producing hot water or low pressure steam to Luxembourg, comprising 74% of total imports. The second position in the ranking was taken by Belgium ($X), with an 11% share of total imports. It was followed by Austria, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany amounted to -4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+7.8% per year) and Austria (-2.2% per year).

Import Prices by Country

The average import price for central heating boilers, for producing hot water or low pressure steam stood at $X per unit in 2022, which is down by -13.7% against the previous year. Overall, the import price showed a noticeable downturn. The pace of growth appeared the most rapid in 2018 when the average import price increased by 8.5% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: 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 Austria (+3.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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