Luxembourg: Market for Continuous-Action Elevators And Conveyors 2025

Market Size for Continuous-Action Elevators And Conveyors in Luxembourg

In 2022, after two years of growth, there was significant decline in the Luxembourg continuous-action elevators and conveyors market, when its value decreased by X% to $X. Overall, consumption, however, recorded significant growth. As a result, consumption attained the peak level of $X, and then contracted markedly in the following year.

Production of Continuous-Action Elevators And Conveyors in Luxembourg

In value terms, continuous-action elevators and conveyors production shrank markedly to $X in 2022 estimated in export price. Over the period under review, production, however, posted a prominent increase. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Continuous-Action Elevators And Conveyors

Exports from Luxembourg

In 2022, approx. X units of continuous-action elevators and conveyors were exported from Luxembourg; with an increase of X% against the previous year's figure. Over the period under review, exports, however, saw a perceptible contraction. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, continuous-action elevators and conveyors exports rose markedly to $X in 2022. Overall, exports posted strong growth. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Belgium (X units) was the main destination for continuous-action elevators and conveyors exports from Luxembourg, accounting for a X% share of total exports. Moreover, continuous-action elevators and conveyors exports to Belgium exceeded the volume sent to the second major destination, France (X units), sixfold. The third position in this ranking was held by Turkey (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Belgium totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Turkey (X% per year).

In value terms, Belgium ($X), France ($X) and Turkey ($X) appeared to be the largest markets for continuous-action elevators and conveyors exported from Luxembourg worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, Belgium, with a CAGR of X%, 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

The average continuous-action elevators and conveyors export price stood at $X per unit in 2022, approximately reflecting the previous year. In general, the export price, however, recorded prominent growth. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The export price peaked at $X per unit in 2021, and then reduced slightly in the following year.

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

Imports of Continuous-Action Elevators And Conveyors

Imports into Luxembourg

In 2022, supplies from abroad of continuous-action elevators and conveyors increased by X% to X units, rising for the second consecutive year after two years of decline. Over the period under review, imports showed resilient growth. The pace of growth was the most pronounced in 2016 when imports increased by X%. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, continuous-action elevators and conveyors imports declined sharply to $X in 2022. Overall, imports saw a buoyant increase. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then reduced dramatically in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of continuous-action elevators and conveyors to Luxembourg, accounting for a X% share of total imports. Moreover, continuous-action elevators and conveyors imports from China exceeded the figures recorded by the second-largest supplier, Switzerland (X units), sixfold. Germany (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (X% per year) and Germany (X% per year).

In value terms, Switzerland ($X), Germany ($X) and China ($X) were the largest continuous-action elevators and conveyors suppliers to Luxembourg, together accounting for X% of total imports.

China, with a CAGR of X%, recorded 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 more modest paces of growth.

Import Prices by Country

The average continuous-action elevators and conveyors import price stood at $X per unit in 2022, dropping by X% against the previous year. Overall, the import price continues to indicate a abrupt downturn. The growth pace was the most rapid in 2015 an increase of X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform

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