Luxembourg: Market for Electric Burglar Or Fire Alarms And Similar Apparatus 2024

Market Size for Electric Burglar Or Fire Alarms And Similar Apparatus in Luxembourg

The Luxembourg market for electric burglar or fire alarms and similar apparatus skyrocketed to $X in 2021, picking up by 83% 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). Overall, consumption enjoyed a prominent increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Electric Burglar Or Fire Alarms And Similar Apparatus

Exports from Luxembourg

In 2021, exports of electric burglar or fire alarms and similar apparatus from Luxembourg reduced dramatically to X units, declining by -30.2% against the previous year's figure. In general, exports, however, continue to indicate a strong increase. The pace of growth was the most pronounced in 2020 when exports increased by 79%. As a result, the exports reached the peak of X units, and then dropped notably in the following year.

In value terms, electric burglar or fire alarm exports declined sharply to $X in 2021. The total export value increased at an average annual rate of +1.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 52% against the previous year. The exports peaked at $X in 2020, and then contracted notably in the following year.

Exports by Country

Belgium (X units) was the main destination for electric burglar or fire alarm exports from Luxembourg, with a 74% share of total exports. Moreover, electric burglar or fire alarm exports to Belgium exceeded the volume sent to the second major destination, France (X units), sixfold. The third position in this ranking was taken by Germany (X units), with a 4.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Belgium amounted to +29.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+11.4% per year) and Germany (+32.4% per year).

In value terms, Belgium ($X) remains the key foreign market for electric burglar or fire alarms and similar apparatus exports from Luxembourg, comprising 69% of total exports. The second position in the ranking was taken by France ($X), with an 11% share of total exports. It was followed by Oman, with a 5.8% share.

From 2012 to 2021, the average annual growth rate of value to Belgium totaled +26.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+11.5% per year) and Oman (+79.2% per year).

Export Prices by Country

In 2021, the average export price for electric burglar or fire alarms and similar apparatus amounted to $X per unit, declining by -2.3% against the previous year. In general, the export price saw a abrupt setback. The most prominent rate of growth was recorded in 2017 when the average export price increased by 28%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Oman ($X per unit), while the average price for exports to the UK ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+8.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Electric Burglar Or Fire Alarms And Similar Apparatus

Imports into Luxembourg

For the fourth consecutive year, Luxembourg recorded growth in supplies from abroad of electric burglar or fire alarms and similar apparatus, which increased by 78% to X units in 2021. Over the period under review, imports enjoyed a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, electric burglar or fire alarm imports expanded sharply to $X in 2021. In general, total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +8.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +3.3% against 2018 indices. The most prominent rate of growth was recorded in 2013 with an increase of 36%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Germany (X units), Belgium (X units) and France (X units) were the main suppliers of electric burglar or fire alarm imports to Luxembourg, with a combined 94% share of total imports. These countries were followed by the Netherlands, Italy and China, which together accounted for a further 4.8%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +34.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest electric burglar or fire alarm suppliers to Luxembourg were Germany ($X), Belgium ($X) and France ($X), together accounting for 91% of total imports. These countries were followed by Italy, the Netherlands and China, which together accounted for a further 5.7%.

Among the main suppliers, Italy, with a CAGR of +30.7%, 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

The average import price for electric burglar or fire alarms and similar apparatus stood at $X per unit in 2021, waning by -39.1% against the previous year. Overall, the import price showed a deep reduction. The pace of growth appeared the most rapid in 2013 when the average import price increased by 25%. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+9.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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