Luxembourg: Domestic Appliances Market 2024

Domestic Appliances Market Size in Luxembourg

The Luxembourg domestic appliances market skyrocketed to $X in 2021, surging by 20% against the previous year. The market value increased at an average annual rate of +4.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Domestic Appliances Production in Luxembourg

In value terms, domestic appliances production amounted to $X in 2021 estimated in export price. Over the period under review, production saw a precipitous contraction. The growth pace was the most rapid in 2019 when the production volume decreased by -97.6% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Domestic Appliances Exports

Exports from Luxembourg

For the third year in a row, Luxembourg recorded decline in shipments abroad of domestic appliances, which decreased by -8.1% to X units in 2021. In general, exports, however, continue to indicate prominent growth. The growth pace was the most rapid in 2018 with an increase of 77%. Over the period under review, the exports attained the maximum at X units in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, domestic appliances exports reduced modestly to $X in 2021. Overall, total exports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +9.7% 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 +38.3% against 2017 indices. The most prominent rate of growth was recorded in 2014 with an increase of 43% against the previous year. Over the period under review, the exports hit record highs at $X in 2020, and then shrank modestly in the following year.

Exports by Country

Germany (X units), Belgium (X units) and France (X units) were the main destinations of domestic appliances exports from Luxembourg.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +21.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for domestic appliances exports from Luxembourg, comprising 52% of total exports. The second position in the ranking was held by France ($X), with a 21% share of total exports. It was followed by Belgium, with a 17% share.

From 2012 to 2021, the average annual growth rate of value to Germany amounted to +9.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+10.8% per year) and Belgium (+9.7% per year).

Export Prices by Country

In 2021, the average domestic appliances export price amounted to $X per unit, increasing by 5.9% against the previous year. Over the period under review, export price indicated moderate growth from 2012 to 2021: its price increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, domestic appliances export price increased by +60.0% against 2018 indices. The pace of growth appeared the most rapid in 2016 when the average export price increased by 38%. The export price peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Belgium ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+8.8%), while the prices for the other major destinations experienced mixed trend patterns.

Domestic Appliances Imports

Imports into Luxembourg

Domestic appliances imports into Luxembourg rose significantly to X units in 2021, surging by 7.7% against the year before. The total import volume increased at an average annual rate of +6.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 18% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, domestic appliances imports rose sharply to $X in 2021. The total import value increased at an average annual rate of +5.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 with an increase of 13%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in years to come.

Imports by Country

Germany (X units), Belgium (X units) and the Netherlands (X units) were the main suppliers of domestic appliances imports to Luxembourg.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +45.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Belgium ($X) and France ($X) appeared to be the largest domestic appliances suppliers to Luxembourg, with a combined 84% share of total imports. These countries were followed by the Netherlands, Italy, Poland and China, which together accounted for a further 12%.

In terms of the main suppliers, the Netherlands, with a CAGR of +29.0%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average domestic appliances import price stood at $X per unit in 2021, with an increase of 4.9% against the previous year. Over the period under review, the import price, however, saw a mild slump. The growth pace was the most rapid in 2017 when the average import price increased by 7.7% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 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 Poland ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+8.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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