Luxembourg: Copper Screw Market 2024

Copper Screw Market Size in Luxembourg

The Luxembourg copper screw market surged to $X in 2021, rising by 108% against the previous year. Overall, consumption posted a prominent expansion. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in the immediate term.

Copper Screw Production in Luxembourg

In value terms, copper screw production totaled less than $X in 2021 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern.

Copper Screw Exports

Exports from Luxembourg

In 2021, shipments abroad of copper screws, bolts and nuts increased by 2,456% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, copper screw exports skyrocketed to $X in 2021. In general, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The Czech Republic (X tons) was the main destination for copper screw exports from Luxembourg, with a 90% share of total exports. Moreover, copper screw exports to the Czech Republic exceeded the volume sent to the second major destination, France (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Czech Republic amounted to +906.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+115.0% per year) and Hungary (-10.9% per year).

In value terms, the Czech Republic ($X) emerged as the key foreign market for copper screws, bolts and nuts exports from Luxembourg, comprising 83% of total exports. The second position in the ranking was held by France ($X), with an 8.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the Czech Republic amounted to +899.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+117.4% per year) and Hungary (-1.6% per year).

Export Prices by Country

In 2021, the average copper screw export price amounted to $X per ton, which is down by -48.4% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 62%. As a result, the export price attained the peak level of $X per ton, and then contracted remarkably in the following year.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the average price for exports to the Czech Republic ($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 Hungary (+10.4%), while the prices for the other major destinations experienced mixed trend patterns.

Copper Screw Imports

Imports into Luxembourg

In 2021, the amount of copper screws, bolts and nuts imported into Luxembourg soared to X tons, increasing by 31% against the previous year. In general, imports recorded a remarkable increase. The pace of growth was the most pronounced in 2018 when imports increased by 157%. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, copper screw imports shrank slightly to $X in 2021. Overall, imports, however, showed a deep slump. The growth pace was the most rapid in 2018 when imports increased by 134% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Belgium (X tons) constituted the largest supplier of copper screw to Luxembourg, accounting for a 69% share of total imports. Moreover, copper screw imports from Belgium exceeded the figures recorded by the second-largest supplier, France (X tons), threefold. Germany (X tons) ranked third in terms of total imports with a 6.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Belgium totaled +30.1%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-1.9% per year) and Germany (-6.7% per year).

In value terms, France ($X) constituted the largest supplier of copper screws, bolts and nuts to Luxembourg, comprising 55% of total imports. The second position in the ranking was held by Belgium ($X), with a 17% share of total imports. It was followed by Germany, with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of value from France totaled -10.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+16.5% per year) and Germany (-1.6% per year).

Import Prices by Country

The average copper screw import price stood at $X per ton in 2021, with a decrease of -25.7% against the previous year. In general, the import price recorded a abrupt descent. The most prominent rate of growth was recorded in 2014 when the average import price increased by 19%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+5.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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