Luxembourg: Market for Extruded Solid Rubber Rods And Profiles 2024

Market Size for Extruded Solid Rubber Rods And Profiles in Luxembourg

In 2022, the Luxembourg extruded solid rubber rod market was finally on the rise to reach $X for the first time since 2017, thus ending a four-year declining trend. Overall, consumption recorded a strong increase. Extruded solid rubber rod consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Exports of Extruded Solid Rubber Rods And Profiles

Exports from Luxembourg

After four years of growth, shipments abroad of extruded solid rubber rods and profiles decreased by -41.1% to X tons in 2022. In general, exports recorded a significant curtailment. The pace of growth appeared the most rapid in 2020 when exports increased by 194%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, extruded solid rubber rod exports dropped rapidly to $X in 2022. Over the period under review, exports saw a significant curtailment. The growth pace was the most rapid in 2020 with an increase of 120%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for extruded solid rubber rod exports from Luxembourg, with a 74% share of total exports. Moreover, extruded solid rubber rod exports to Germany exceeded the volume sent to the second major destination, France (X tons), fourfold. Italy (X tons) ranked third in terms of total exports with a 3.6% share.

From 2012 to 2022, the average annual growth rate of volume to Germany amounted to +23.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+16.3% per year) and Italy (+16.2% per year).

In value terms, Germany ($X), France ($X) and Belgium ($X) were the largest markets for extruded solid rubber rod exported from Luxembourg worldwide, with a combined 84% share of total exports.

Among the main countries of destination, France, with a CAGR of +18.2%, 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

In 2022, the average extruded solid rubber rod export price amounted to $X per ton, surging by 17% against the previous year. In general, the export price recorded a notable increase. The most prominent rate of growth was recorded in 2014 an increase of 188%. Over the period under review, the average export prices reached the maximum at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Italy ($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 (+29.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Extruded Solid Rubber Rods And Profiles

Imports into Luxembourg

After four years of decline, purchases abroad of extruded solid rubber rods and profiles increased by 29% to X tons in 2022. Overall, imports enjoyed a prominent expansion. The pace of growth was the most pronounced in 2013 with an increase of 45%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, extruded solid rubber rod imports expanded remarkably to $X in 2022. The total import value increased at an average annual rate of +4.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 with an increase of 17%. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Germany (X tons) constituted the largest extruded solid rubber rod supplier to Luxembourg, accounting for a 67% share of total imports. Moreover, extruded solid rubber rod imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X tons), fourfold. Spain (X tons) ranked third in terms of total imports with a 3.7% share.

From 2012 to 2022, the average annual growth rate of volume from Germany stood at +10.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+0.7% per year) and Spain (+76.7% per year).

In value terms, Germany ($X) constituted the largest supplier of extruded solid rubber rods and profiles to Luxembourg, comprising 62% of total imports. The second position in the ranking was taken by Italy ($X), with an 11% share of total imports. It was followed by Slovenia, with a 10% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled +4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-3.2% per year) and Slovenia (+65.0% per year).

Import Prices by Country

The average extruded solid rubber rod import price stood at $X per ton in 2022, reducing by -12.4% against the previous year. In general, the import price showed a noticeable curtailment. The pace of growth was the most pronounced in 2018 an increase of 55%. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Slovenia ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+24.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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