Luxembourg: Market for Copper Tubes And Pipes 2025

Market Size for Copper Tubes And Pipes in Luxembourg

The Luxembourg copper tube and pipe market soared to $X in 2021, picking up by 32% 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). Overall, consumption saw a prominent increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Copper Tubes And Pipes

Exports from Luxembourg

In 2021, shipments abroad of copper tubes and pipes increased by 43% to X tons, rising for the fifth consecutive year after four years of decline. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 99%. Over the period under review, the exports reached the peak figure in 2021 and are likely to continue growth in years to come.

In value terms, copper tube and pipe exports soared to $X in 2021. Over the period under review, exports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of 369%. Over the period under review, the exports reached the maximum in 2021 and are likely to see steady growth in the near future.

Exports by Country

France (X tons), the UK (X tons) and Germany (X tons) were the main destinations of copper tube and pipe exports from Luxembourg, with a combined 79% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +18.3%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X) remains the key foreign market for copper tubes and pipes exports from Luxembourg, comprising 83% of total exports. The second position in the ranking was held by the UK ($X), with a 6.1% share of total exports. It was followed by Germany, with a 1.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to France amounted to +53.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+21.4% per year) and Germany (-12.8% per year).

Export Prices by Country

The average copper tube and pipe export price stood at $X per ton in 2021, with a decrease of -14.3% against the previous year. In general, the export price, however, posted a resilient increase. The growth pace was the most rapid in 2020 when the average export price increased by 325%. As a result, the export price attained the peak level of $X per ton, and then fell in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was France ($X per ton), while the average price for exports to Germany ($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 Colombia (+877.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Tubes And Pipes

Imports into Luxembourg

Copper tube and pipe imports into Luxembourg soared to X tons in 2021, with an increase of 46% on the year before. In general, imports showed a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, copper tube and pipe imports skyrocketed to $X in 2021. Over the period under review, imports showed buoyant growth. The growth pace was the most rapid in 2020 when imports increased by 34%. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of copper tube and pipe to Luxembourg, with a 85% share of total imports. Moreover, copper tube and pipe imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X tons), more than tenfold. Italy (X tons) ranked third in terms of total imports with a 2.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany stood at +10.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-3.5% per year) and Italy (+10.7% per year).

In value terms, Germany ($X) constituted the largest supplier of copper tubes and pipes to Luxembourg, comprising 35% of total imports. The second position in the ranking was held by Belgium ($X), with a 16% share of total imports. It was followed by the Czech Republic, with a 5.9% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+6.7% per year) and the Czech Republic (+6.6% per year).

Import Prices by Country

In 2021, the average copper tube and pipe import price amounted to $X per ton, waning by -11.7% against the previous year. Over the last nine years, it increased at an average annual rate of +1.6%. The growth pace was the most rapid in 2020 when the average import price increased by 26%. As a result, import price reached the peak level of $X per ton, and then dropped in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the Czech Republic ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+10.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform