Luxembourg: Electrical Insulating Fittings Market 2024

Electrical Insulating Fittings Market Size in Luxembourg

The Luxembourg electrical insulating fittings market was estimated at $X in 2022, surging by 11% 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). In general, consumption showed strong growth. Over the period under review, the market reached the peak level in 2022 and is likely to continue growth in years to come.

Electrical Insulating Fittings Exports

Exports from Luxembourg

In 2022, approx. X tons of electrical insulating fittings of plastics were exported from Luxembourg; jumping by 48% on the previous year's figure. In general, exports posted strong growth. The pace of growth was the most pronounced in 2019 when exports increased by 188% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, electrical insulating fittings exports rose modestly to $X in 2022. Over the period under review, exports enjoyed a resilient expansion. The growth pace was the most rapid in 2019 with an increase of 353% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Belgium (X tons) was the main destination for electrical insulating fittings exports from Luxembourg, with a 63% share of total exports. Moreover, electrical insulating fittings exports to Belgium exceeded the volume sent to the second major destination, France (X kg), threefold. The Netherlands (X kg) ranked third in terms of total exports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume to Belgium totaled +4.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+14.1% per year) and the Netherlands (+79.9% per year).

In value terms, France ($X), Belgium ($X) and the Netherlands ($X) appeared to be the largest markets for electrical insulating fittings exported from Luxembourg worldwide, together comprising 86% of total exports.

Among the main countries of destination, the Netherlands, with a CAGR of +110.3%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average electrical insulating fittings export price amounted to $X per ton, shrinking by -30.1% against the previous year. Over the period under review, the export price, however, continues to indicate strong growth. The most prominent rate of growth was recorded in 2019 when the average export price increased by 57%. The export price peaked at $X per ton in 2021, and then declined sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+16.8%), while the prices for the other major destinations experienced more modest paces of growth.

Electrical Insulating Fittings Imports

Imports into Luxembourg

In 2022, overseas purchases of electrical insulating fittings of plastics increased by 23% to X tons, rising for the fourth year in a row after two years of decline. In general, imports showed notable growth. The most prominent rate of growth was recorded in 2015 when imports increased by 36%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, electrical insulating fittings imports expanded sharply to $X in 2022. Overall, imports continue to indicate resilient growth. The growth pace was the most rapid in 2021 with an increase of 51%. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the near future.

Imports by Country

Slovakia (X tons), Germany (X tons) and Belgium (X tons) were the main suppliers of electrical insulating fittings imports to Luxembourg, together accounting for 87% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovakia (with a CAGR of +430.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Slovakia ($X) constituted the largest supplier of electrical insulating fittings of plastics to Luxembourg, comprising 55% of total imports. The second position in the ranking was taken by Germany ($X), with a 13% share of total imports. It was followed by Belgium, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Slovakia totaled +374.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-3.2% per year) and Belgium (+6.4% per year).

Import Prices by Country

In 2022, the average electrical insulating fittings import price amounted to $X per ton, with a decrease of -12.6% against the previous year. In general, the import price, however, showed a prominent expansion. The pace of growth was the most pronounced in 2018 when the average import price increased by 68% against the previous year. The import price peaked at $X per ton in 2021, and then dropped in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+22.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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