Luxembourg: Market for Electric Generating Sets And Rotary Converters 2022

Market Size for Electric Generating Sets And Rotary Converters in Luxembourg

In 2020, the Luxembourg market for electric generating sets and rotary converters increased by X% to $X for the first time since 2016, thus ending a three-year declining trend. Over the period under review, consumption recorded prominent growth. The pace of growth was the most pronounced in 2008 when the market value increased by X% year-to-year. As a result, consumption attained the peak level of $X. from 2009 to 2020, the growth of the market failed to regain the momentum.

Exports of Electric Generating Sets And Rotary Converters

Exports from Luxembourg

Exports of electric generating sets and rotary converters from Luxembourg contracted notably to X units in 2020, which is down by -X% on 2019. In general, exports, however, continue to indicate a modest increase. The most prominent rate of growth was recorded in 2012 with an increase of X% against the previous year. Exports peaked at X units in 2014; however, from 2015 to 2020, exports remained at a lower figure.

In value terms, exports of electric generating sets and rotary converters declined rapidly to $X in 2020. Overall, exports, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. As a result, exports attained the peak of $X. from 2018 to 2020, the growth of exports failed to regain the momentum.

Exports by Country

Germany (X units), Switzerland (X units) and France (X units) were the main destinations of exports of electric generating sets and rotary converters from Luxembourg.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France, while exports for the other leaders experienced more modest paces of growth.

In value terms, France ($X) remains the key foreign market for electric generating set and rotary converter exports from Luxembourg, comprising X% of total exports. The second position in the ranking was occupied by Switzerland ($X), with a X% share of total exports. It was followed by Belgium, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to France totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (-X% per year) and Belgium (-X% per year).

Export Prices by Country

In 2020, the average export price for electric generating sets and rotary converters amounted to $X per unit, growing by X% against the previous year. In general, the export price, however, faced a abrupt shrinkage. The pace of growth appeared the most rapid in 2015 when the average export price increased by X% y-o-y. The export price peaked at $X per unit in 2007; however, from 2008 to 2020, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was France ($X per unit), while the average price for exports to the U.S. ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland, while the prices for the other major destinations experienced mixed trend patterns.

Imports of Electric Generating Sets And Rotary Converters

Imports into Luxembourg

In 2020, purchases abroad of electric generating sets and rotary converters was finally on the rise to reach X units after three years of decline. Overall, imports enjoyed resilient growth. The pace of growth appeared the most rapid in 2008 with an increase of X% year-to-year. As a result, imports attained the peak of X units. from 2009 to 2020, the growth of imports remained at a somewhat lower figure.

In value terms, imports of electric generating sets and rotary converters shrank markedly to $X in 2020. Over the period under review, imports continue to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, imports attained the peak of $X. from 2017 to 2020, the growth of imports remained at a lower figure.

Imports by Country

Germany (X units), Belgium (X units) and Spain (X units) were the main suppliers of imports of electric generating sets and rotary converters to Luxembourg.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and Austria ($X) appeared to be the largest electric generating set and rotary converter suppliers to Luxembourg.

The Czech Republic (+X% per year) recorded the highest growth rate of the value of imports, in terms of 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 import price for electric generating sets and rotary converters stood at $X per unit in 2020, dropping by -X% against the previous year. Over the period under review, the import price showed a abrupt decrease. The pace of growth was the most pronounced in 2016 when the average import price increased by X% year-to-year. The import price peaked at $X per unit in 2018; however, from 2019 to 2020, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was France ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the Czech Republic, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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