Luxembourg: Market for Double Or Complex Silicates 2024

Market Size for Double Or Complex Silicates in Luxembourg

The Luxembourg double or complex silicates market dropped sharply to $X in 2021, shrinking by -30.8% 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). In general, consumption, however, saw a significant increase. Double or complex silicates consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Exports of Double Or Complex Silicates

Exports from Luxembourg

In 2021, approx. X tons of double or complex silicates were exported from Luxembourg; rising by 58% against 2020 figures. In general, exports saw a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 322%. Over the period under review, the exports attained the maximum in 2021 and are likely to see steady growth in the near future.

In value terms, double or complex silicates exports surged to $X in 2021. Over the period under review, exports recorded a significant expansion. The growth pace was the most rapid in 2018 with an increase of 609%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Italy (X tons) was the main destination for double or complex silicates exports from Luxembourg, with a 56% share of total exports. Moreover, double or complex silicates exports to Italy exceeded the volume sent to the second major destination, Pakistan (X tons), more than tenfold. The third position in this ranking was held by Saudi Arabia (X tons), with a 3.7% share.

From 2012 to 2021, the average annual growth rate of volume to Italy totaled +57.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Pakistan (+13.5% per year) and Saudi Arabia (+0.4% per year).

In value terms, Italy ($X), Nigeria ($X) and Pakistan ($X) appeared to be the largest markets for double or complex silicates exported from Luxembourg worldwide, together comprising 26% of total exports. South Africa, Saudi Arabia, the United Arab Emirates, Tanzania, Vietnam, Greece, South Korea, Indonesia, France and Ghana lagged somewhat behind, together accounting for a further 45%.

In terms of the main countries of destination, Ghana, with a CAGR of +80.1%, 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

In 2021, the average double or complex silicates export price amounted to $X per ton, with a decrease of -22.8% against the previous year. Over the period under review, the export price saw a perceptible descent. The most prominent rate of growth was recorded in 2018 when the average export price increased by 207% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nigeria ($X per ton), while the average price for exports to Italy ($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 Vietnam (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Double Or Complex Silicates

Imports into Luxembourg

In 2021, imports of double or complex silicates into Luxembourg fell modestly to X tons, approximately reflecting the previous year. In general, imports, however, recorded significant growth. The growth pace was the most rapid in 2014 when imports increased by 1,009% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, double or complex silicates imports contracted notably to $X in 2021. Overall, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 515%. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Belgium (X tons), Germany (X tons) and France (X tons) were the main suppliers of double or complex silicates imports to Luxembourg, with a combined 99.9% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +54.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest double or complex silicates suppliers to Luxembourg were Belgium ($X), Germany ($X) and France ($X), with a combined 100% share of total imports.

In terms of the main suppliers, Belgium, with a CAGR of +31.7%, recorded 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

In 2021, the average double or complex silicates import price amounted to $X per ton, with a decrease of -40.5% against the previous year. Overall, the import price saw a deep setback. The most prominent rate of growth was recorded in 2020 an increase of 51%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Germany ($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 (-12.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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