Luxembourg: Market for Instrument Panel And Wall Clocks 2022

Market Size for Instrument Panel And Wall Clocks in Luxembourg

In 2020, the Luxembourg market for instrument panel and wall clocks was finally on the rise to reach $X for the first time since 2017, thus ending a two-year declining trend. Over the period under review, consumption, however, saw a noticeable reduction. The pace of growth was the most pronounced in 2017 with an increase of X% year-to-year. As a result, consumption reached the peak level of $X. from 2018 to 2020, the growth of the market remained at a somewhat lower figure.

Exports of Instrument Panel And Wall Clocks

Exports from Luxembourg

In 2020, approx. X tons of instrument panel and wall clocks were exported from Luxembourg; declining by -X% against the year before. Overall, exports continue to indicate a deep setback. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. As a result, exports attained the peak of X tons, and then shrank rapidly in the following year.

In value terms, instrument panel and wall clock exports fell markedly to $X in 2020. Over the period under review, exports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. Exports peaked at $X in 2007; however, from 2008 to 2020, exports remained at a lower figure.

Exports by Country

France (X tons) was the main destination for instrument panel and wall clock exports from Luxembourg, with a X% share of total exports. Moreover, instrument panel and wall clock exports to France exceeded the volume sent to the second major destination, the Netherlands (X tons), fourfold. Belgium (X tons) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual growth rate of volume to France amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+X% per year) and Belgium (-X% per year).

In value terms, France ($X) remains the key foreign market for instrument panel and wall clock exports from Luxembourg, comprising X% of total exports. The second position in the ranking was occupied by Malaysia ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2007 to 2020, the average annual growth rate of value to France amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+X% per year) and the Netherlands (+X% per year).

Export Prices by Country

The average export price for instrument panel and wall clocks stood at $X per ton in 2020, with an increase of X% against the previous year. Overall, the export price, however, saw a pronounced reduction. The export price peaked at $X per ton in 2007; however, from 2008 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was Malaysia ($X per ton), while the average price for exports to the UK ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+X% per year), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Instrument Panel And Wall Clocks

Imports into Luxembourg

In 2020, overseas purchases of instrument panel and wall clocks decreased by -X% to X tons, falling for the third consecutive year after two years of growth. Overall, imports saw a mild reduction. The most prominent rate of growth was recorded in 2017 when imports increased by X% y-o-y. As a result, imports attained the peak of X tons. from 2018 to 2020, the growth imports remained at a lower figure.

In value terms, instrument panel and wall clock imports dropped notably to $X in 2020. In general, imports continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Imports peaked at $X in 2007; however, from 2008 to 2020, imports failed to regain the momentum.

Imports by Country

Belgium (X tons), Germany (X tons) and France (X tons) were the main suppliers of instrument panel and wall clock imports to Luxembourg, together accounting for X% of total imports. The Netherlands, Ireland and Poland lagged somewhat behind, together comprising a further X 2007 to 2020, the biggest increases were in Poland (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Germany ($X) and France ($X) were the largest instrument panel and wall clock suppliers to Luxembourg, together comprising X% of total imports. The Netherlands, Ireland and Poland lagged somewhat behind, together accounting for a further X (+X% per year) saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average import price for instrument panel and wall clocks stood at $X per ton in 2020, declining by -X% against the previous year. In general, the import price continues to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2007; however, from 2008 to 2020, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2020, the highest prices were recorded for prices from Poland ($X per ton) and Ireland ($X per ton), while the price for the Netherlands ($X per ton) and France ($X per ton) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Ireland, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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