Luxembourg: Computing Machinery Market 2024

Computing Machinery Market Size in Luxembourg

The Luxembourg computing machinery market amounted to $X in 2021, with an increase of 3.2% 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). The market value increased at an average annual rate of +1.4% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in years to come.

Computing Machinery Exports

Exports from Luxembourg

In 2021, shipments abroad of computing machinery and parts and accessories thereof increased by 39% to X tons, rising for the third consecutive year after two years of decline. In general, total exports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +7.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +96.6% against 2018 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, computing machinery exports skyrocketed to $X in 2021. Over the period under review, exports enjoyed buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons), the Netherlands (X tons) and Belgium (X tons) were the main destinations of computing machinery exports from Luxembourg, with a combined 30% share of total exports. These countries were followed by the UK, France, Slovakia, Hungary, Ireland, Spain, Poland, the United States and Italy, which together accounted for a further 19%.

From 2012 to 2021, the biggest increases were recorded for Slovakia (with a CAGR of +45.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for computing machinery exported from Luxembourg were Germany ($X), the Netherlands ($X) and Belgium ($X), with a combined 27% share of total exports. These countries were followed by Slovakia, France, the UK, Ireland, Hungary, the United States, Poland, Spain and Italy, which together accounted for a further 17%.

Slovakia, with a CAGR of +56.4%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average computing machinery export price amounted to $X per ton, approximately equating the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 27% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ireland ($X per ton), while the average price for exports to the UK ($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 Slovakia (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.

Computing Machinery Imports

Imports into Luxembourg

In 2021, the amount of computing machinery and parts and accessories thereof imported into Luxembourg expanded notably to X tons, growing by 9.4% against the previous year's figure. The total import volume increased at an average annual rate of +2.6% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, computing machinery imports rose significantly to $X in 2021. The total import value increased at an average annual rate of +2.5% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 20%. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the near future.

Imports by Country

The Netherlands (X tons), Belgium (X tons) and Germany (X tons) were the main suppliers of computing machinery imports to Luxembourg, with a combined 52% share of total imports. These countries were followed by France, Poland, China, the Czech Republic, Japan and the United States, which together accounted for a further 13%.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +46.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), the Netherlands ($X) and Germany ($X) were the largest computing machinery suppliers to Luxembourg, with a combined 57% share of total imports. These countries were followed by France, Poland, China, the Czech Republic, Japan and the United States, which together accounted for a further 16%.

The Czech Republic, with a CAGR of +54.4%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average computing machinery import price stood at $X per ton in 2021, remaining constant against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 14% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+14.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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