Luxembourg: Ceramic Electrical Insulator Market 2024

Ceramic Electrical Insulator Market Size in Luxembourg

After two years of growth, the Luxembourg ceramic electrical insulator market decreased by -12.8% to $X in 2022. Overall, consumption, however, enjoyed a prominent increase. Ceramic electrical insulator consumption peaked at $X in 2021, and then shrank in the following year.

Ceramic Electrical Insulator Exports

Exports from Luxembourg

In 2022, overseas shipments of electrical insulators of ceramics decreased by -2% to X units for the first time since 2011, thus ending a ten-year rising trend. Over the period under review, exports, however, continue to indicate a mild expansion. The pace of growth was the most pronounced in 2021 with an increase of 4.3% against the previous year. As a result, the exports reached the peak of X units, and then declined in the following year.

In value terms, ceramic electrical insulator exports contracted to $X in 2022. Overall, exports, however, showed a remarkable increase. The pace of growth was the most pronounced in 2016 when exports increased by 139%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Brunei Darussalam (X units) was the main destination for ceramic electrical insulator exports from Luxembourg, with a 83% share of total exports. Moreover, ceramic electrical insulator exports to Brunei Darussalam exceeded the volume sent to the second major destination, Egypt (X units), twofold. The third position in this ranking was taken by Qatar (X units), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Brunei Darussalam amounted to +85.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (+754.4% per year) and Qatar (+45.3% per year).

In value terms, the largest markets for ceramic electrical insulator exported from Luxembourg were Spain ($X), Qatar ($X) and Germany ($X), with a combined 60% share of total exports. Brunei Darussalam, the UK, Egypt, Lithuania, South Africa, Austria and Belgium lagged somewhat behind, together accounting for a further 19%.

In terms of the main countries of destination, Egypt, with a CAGR of +74.9%, recorded the highest rates of growth with regard to 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

The average ceramic electrical insulator export price stood at $X per unit in 2022, waning by -3.5% against the previous year. Over the period under review, the export price saw a deep downturn. Over the period under review, the average export prices reached the peak figure at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+86.3%), while the prices for the other major destinations experienced more modest paces of growth.

Ceramic Electrical Insulator Imports

Imports into Luxembourg

In 2022, after two years of growth, there was significant decline in supplies from abroad of electrical insulators of ceramics, when their volume decreased by -14% to X units. In general, imports, however, showed strong growth. The most prominent rate of growth was recorded in 2016 with an increase of 1,279% against the previous year. Over the period under review, imports reached the maximum at X units in 2021, and then contracted in the following year.

In value terms, ceramic electrical insulator imports soared to $X in 2022. Overall, imports, however, continue to indicate pronounced growth. The growth pace was the most rapid in 2016 with an increase of 63% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, France (X units) constituted the largest supplier of ceramic electrical insulator to Luxembourg, accounting for a 23% share of total imports. Moreover, ceramic electrical insulator imports from France exceeded the figures recorded by the second-largest supplier, the UK (X units), twofold. Italy (X units) ranked third in terms of total imports with a 9.1% share.

From 2012 to 2022, the average annual growth rate of volume from France amounted to +3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+29.9% per year) and Italy (+29.1% per year).

In value terms, the UK ($X) constituted the largest supplier of electrical insulators of ceramics to Luxembourg, comprising 139% of total imports. The second position in the ranking was held by France ($X), with a 59% share of total imports. It was followed by Italy, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from the UK totaled +52.2%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+5.6% per year) and Italy (+42.3% per year).

Import Prices by Country

In 2022, the average ceramic electrical insulator import price amounted to $X per unit, surging by 80% against the previous year. Overall, the import price, however, saw a abrupt slump. The pace of growth was the most pronounced in 2017 an increase of 499% against the previous year. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+80.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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