Luxembourg: Wood Drilling Machine Market 2025

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

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