Luxembourg - Drilling or Morticing Machines - Market Analysis, Forecast, Size, Trends and Insights
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View PricingLuxembourg: Wood Drilling Machine Market 2024
Wood Drilling Machine Market Size in Luxembourg
The Luxembourg wood drilling machine market declined significantly to $X in 2021, which is down by -31.9% 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). Over the period under review, consumption, however, showed a abrupt setback. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.
Wood Drilling Machine Exports
Exports from Luxembourg
In 2020, the amount of drilling or morticing machines exported from Luxembourg surged to X units, increasing by 167% against the previous year's figure. Overall, exports, however, saw a slight setback. The pace of growth appeared the most rapid in 2014 when exports increased by 1,000% against the previous year. The exports peaked at X units in 2016; however, from 2017 to 2020, the exports remained at a lower figure.
In value terms, wood drilling machine exports soared to $X in 2020. Over the period under review, exports, however, saw a abrupt decline. The growth pace was the most rapid in 2018 when exports increased by 187% against the previous year. Over the period under review, the exports attained the maximum at $X in 2016; however, from 2017 to 2020, the exports failed to regain momentum.
Exports by Country
Belgium (X units) was the main destination for wood drilling machine exports from Luxembourg, with a approx. 100% share of total exports.
From 2012 to 2020, the average annual growth rate of volume to Belgium totaled +22.3%.
In value terms, Belgium ($X) also remains the key foreign market for drilling or morticing machines exports from Luxembourg.
From 2012 to 2020, the average annual growth rate of value to Belgium was relatively modest.
Export Prices by Country
The average wood drilling machine export price stood at $X per unit in 2020, which is down by -48.7% against the previous year. Over the period under review, the export price faced a deep downturn. The most prominent rate of growth was recorded in 2013 when the average export price increased by 1,294%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2020, the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Belgium.
From 2012 to 2020, the rate of growth in terms of prices for France amounted to -1.0% per year.
Wood Drilling Machine Imports
Imports into Luxembourg
In 2021, imports of drilling or morticing machines into Luxembourg dropped to X units, falling by -5.2% against the previous year. In general, imports recorded a deep slump. The most prominent rate of growth was recorded in 2017 when imports increased by 115% against the previous year. As a result, imports reached the peak of X units. From 2018 to 2021, the growth of imports failed to regain momentum.
In value terms, wood drilling machine imports declined dramatically to $X in 2021. Over the period under review, imports saw a deep downturn. The growth pace was the most rapid in 2020 with an increase of 126% against the previous year. Over the period under review, imports attained the peak figure at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.
Imports by Country
In 2021, Germany (X units) constituted the largest wood drilling machine supplier to Luxembourg, accounting for a 89% share of total imports. Moreover, wood drilling machine imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X units), more than tenfold. The third position in this ranking was held by the Netherlands (X units), with a 1.5% share.
From 2012 to 2021, the average annual growth rate of volume from Germany amounted to +1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-3.3% per year) and the Netherlands (+26.0% per year).
In value terms, Germany ($X) constituted the largest supplier of drilling or morticing machines to Luxembourg, comprising 80% of total imports. The second position in the ranking was taken by Belgium ($X), with a 17% share of total imports. It was followed by the Netherlands, with a 2.7% share.
From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled -3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+6.8% per year) and the Netherlands (+54.1% per year).
Import Prices by Country
In 2021, the average wood drilling machine import price amounted to $X per unit, which is down by -52.2% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average import price increased by 108%. As a result, import price reached the peak level of $X per unit, and then dropped dramatically in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Belgium ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+58.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the wood drilling machine market in Luxembourg. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28491267 - Drilling or morticing machines for working wood, cork, bone, h ard rubber, hard plastics or similar hard materials
Country coverage:
- Luxembourg
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Luxembourg
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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