Luxembourg: Market for Equipment For Internal Combustion Engines 2025

Market Size for Equipment For Internal Combustion Engines in Luxembourg

The Luxembourg internal combustion engine equipment market fell dramatically to $X in 2022, waning by -29.3% against the previous year. Overall, consumption continues to indicate a slight curtailment. Over the period under review, the market hit record highs at $X in 2021, and then reduced remarkably in the following year.

Production of Equipment For Internal Combustion Engines in Luxembourg

In value terms, internal combustion engine equipment production declined to $X in 2022 estimated in export price. In general, production recorded a pronounced curtailment. The growth pace was the most rapid in 2018 with an increase of 68% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Equipment For Internal Combustion Engines

Exports from Luxembourg

In 2022, internal combustion engine equipment exports from Luxembourg contracted rapidly to X units, dropping by -61.5% on 2021 figures. In general, exports recorded a deep downturn. The pace of growth appeared the most rapid in 2020 when exports increased by 599% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, internal combustion engine equipment exports declined markedly to $X in 2022. Over the period under review, exports faced a deep reduction. The most prominent rate of growth was recorded in 2020 with an increase of 593% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Belgium (X units) was the main destination for internal combustion engine equipment exports from Luxembourg, accounting for a 69% share of total exports. Moreover, internal combustion engine equipment exports to Belgium exceeded the volume sent to the second major destination, France (X units), fivefold. The UK (X units) ranked third in terms of total exports with a 9.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Belgium stood at +29.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+25.2% per year) and the UK (+71.0% per year).

In value terms, Belgium ($X) remains the key foreign market for equipment for internal combustion engines exports from Luxembourg, comprising 67% of total exports. The second position in the ranking was taken by France ($X), with a 14% share of total exports. It was followed by the UK, with a 7.2% share.

From 2012 to 2022, the average annual growth rate of value to Belgium amounted to +28.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+24.7% per year) and the UK (+61.5% per year).

Export Prices by Country

In 2022, the average internal combustion engine equipment export price amounted to $X per unit, therefore, remained relatively stable against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the average export price increased by 32% against the previous year. The export price peaked at $X per unit in 2013; afterwards, it flattened through to 2022.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were France ($X per unit) and Belgium ($X per unit), while the average price for exports to the UK ($X per unit) and Germany ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+31.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Equipment For Internal Combustion Engines

Imports into Luxembourg

In 2022, purchases abroad of equipment for internal combustion engines decreased by 99.9% to less than X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 59% against the previous year. As a result, imports reached the peak of X units, and then declined rapidly in the following year.

In value terms, internal combustion engine equipment imports shrank sharply to $X in 2022. In general, imports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2016 with an increase of 102% against the previous year. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

France (X units), Germany (X units) and Belgium (X units) were the main suppliers of internal combustion engine equipment imports to Luxembourg, with a combined 87% share of total imports. The United States, the Netherlands, Italy and the UK lagged somewhat behind, together accounting for a further 8.9%.

From 2018 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +233.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest internal combustion engine equipment suppliers to Luxembourg were France ($X), Germany ($X) and Belgium ($X), together accounting for 87% of total imports. The United States, the Netherlands, Italy and the UK lagged somewhat behind, together accounting for a further 8.9%.

Among the main suppliers, Italy, with a CAGR of +167.2%, saw the highest growth rate of 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 internal combustion engine equipment import price stood at $X per unit in 2021, declining by -11.5% against the previous year. In general, the import price showed a deep slump. Over the period under review, average import prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from the UK ($X per unit) and the United States ($X per unit), while the price for Italy ($X per unit) and Germany ($X per unit) were amongst the lowest.

From 2018 to 2021, the most notable rate of growth in terms of prices was attained by the UK (-19.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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