Report Luxembourg - Drilling or Morticing Machines - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

Luxembourg - Drilling or Morticing Machines - Market Analysis, Forecast, Size, Trends and Insights

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Luxembourg: 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) :

South Africa remains the largest wood drilling machine consuming country worldwide, comprising approx. 45% of total volume. Moreover, wood drilling machine consumption in South Africa exceeded the figures recorded by the second-largest consumer, the United States, fourfold. The third position in this ranking was occupied by Nigeria, with an 8% share.
The country with the largest volume of wood drilling machine production was China, accounting for 39% of total volume. Moreover, wood drilling machine production in China exceeded the figures recorded by the second-largest producer, Hong Kong SAR, threefold. India ranked third in terms of total production with a 7.8% share.
In value terms, Germany constituted the largest supplier of wood drilling machine to Luxembourg, comprising 80% of total imports. The second position in the ranking was occupied by Belgium, with a 17% share of total imports. It was followed by the Netherlands, with a 2.7% share.
In value terms, Belgium remains the key foreign market for wood drilling machine exports from Luxembourg.
The average wood drilling machine export price stood at $100 per unit in 2020, reducing by -79.4% against the previous year.
The average wood drilling machine import price stood at $652 per unit in 2021, jumping by 94% against the previous year.

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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