Luxembourg: Market for Drive-Axles with Differential and Non-Driving Axles 2025

Market Size for Drive-Axles with Differential and Non-Driving Axles in Luxembourg

The Luxembourg driving and non-driving axle market soared to $X in 2021, with an increase of 16% against the previous year. Over the period under review, the total consumption indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -11.4% against 2019 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Drive-Axles with Differential and Non-Driving Axles in Luxembourg

In value terms, driving and non-driving axle production skyrocketed to $X in 2021 estimated in export price. Overall, the total production indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -12.0% against 2019 indices. The pace of growth was the most pronounced in 2018 when the production volume increased by 76% against the previous year. Driving and non-driving axle production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Drive-Axles with Differential and Non-Driving Axles

Exports from Luxembourg

Driving and non-driving axle exports from Luxembourg surged to X tons in 2021, with an increase of 86% compared with the previous year. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 114%. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, driving and non-driving axle exports soared to $X in 2021. Overall, exports continue to indicate a buoyant expansion. The growth pace was the most rapid in 2013 when exports increased by 177% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to see gradual growth in the near future.

Exports by Country

France (X tons) was the main destination for driving and non-driving axle exports from Luxembourg, with a 62% share of total exports. Moreover, driving and non-driving axle exports to France exceeded the volume sent to the second major destination, Belgium (X tons), sevenfold. The third position in this ranking was taken by Oman (X tons), with a 5.6% share.

From 2012 to 2021, the average annual growth rate of volume to France stood at +20.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+9.3% per year) and Oman (+117.2% per year).

In value terms, France ($X) remains the key foreign market for driving and non-driving axle exports from Luxembourg, comprising 65% of total exports. The second position in the ranking was held by Belgium ($X), with a 17% share of total exports. It was followed by Oman, with a 13% share.

From 2012 to 2021, the average annual growth rate of value to France totaled +16.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+16.3% per year) and Oman (+114.3% per year).

Export Prices by Country

The average driving and non-driving axle export price stood at $X per ton in 2021, shrinking by -3.8% against the previous year. In general, the export price recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2015 when the average export price increased by 33% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Oman ($X per ton), while the average price for exports to Romania ($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 Belgium (+6.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Drive-Axles with Differential and Non-Driving Axles

Imports into Luxembourg

In 2021, imports of drive-axles with differential and non-driving axles into Luxembourg skyrocketed to X tons, jumping by 32% compared with the year before. Over the period under review, imports enjoyed prominent growth. The most prominent rate of growth was recorded in 2013 when imports increased by 241% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, driving and non-driving axle imports surged to $X in 2021. In general, imports showed a temperate expansion. The pace of growth appeared the most rapid in 2013 with an increase of 111%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Denmark (X tons), Germany (X tons) and China (X tons) were the main suppliers of driving and non-driving axle imports to Luxembourg, together comprising 69% of total imports.

From 2012 to 2021, the biggest increases were in China (with a CAGR of +137.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest driving and non-driving axle suppliers to Luxembourg were Germany ($X), Belgium ($X) and France ($X), together accounting for 78% of total imports. These countries were followed by Denmark, China and the Netherlands, which together accounted for a further 20%.

China, with a CAGR of +107.1%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average driving and non-driving axle import price stood at $X per ton in 2021, rising by 2.6% against the previous year. Overall, the import price, however, recorded a deep reduction. The growth pace was the most rapid in 2016 when the average import price increased by 36% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+6.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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