Luxembourg: Market for Flexible Tubes, Pipes and Hoses of Plastics, with Fittings 2024

Market Size for Flexible Tubes, Pipes and Hoses of Plastics, with Fittings in Luxembourg

In 2022, the Luxembourg market for flexible tubes, pipes and hoses of plastics, with fittings decreased by -40.4% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption saw a noticeable decrease. Over the period under review, the market reached the maximum level at $X in 2021, and then shrank notably in the following year.

Exports of Flexible Tubes, Pipes and Hoses of Plastics, with Fittings

Exports from Luxembourg

In 2022, approx. X tons of flexible tubes, pipes and hoses of plastics, with fittings were exported from Luxembourg; increasing by 29% compared with 2021. Overall, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 434% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of flexible tubes, pipes and hoses of plastics, with fittings surged to $X in 2022. Over the period under review, exports recorded a buoyant increase. The growth pace was the most rapid in 2014 when exports increased by 673% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Belgium (X tons) was the main destination for exports of flexible tubes, pipes and hoses of plastics, with fittings from Luxembourg, with a 71% share of total exports. Moreover, exports of flexible tubes, pipes and hoses of plastics, with fittings to Belgium exceeded the volume sent to the second major destination, the Netherlands (X tons), fourfold. Germany (X tons) ranked third in terms of total exports with a 7.2% share.

From 2012 to 2022, the average annual growth rate of volume to Belgium amounted to -1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+46.6% per year) and Germany (-7.2% per year).

In value terms, Belgium ($X) remains the key foreign market for flexible tubes, pipes and hoses of plastics, with fittings exports from Luxembourg, comprising 51% of total exports. The second position in the ranking was taken by Ireland ($X), with a 23% share of total exports. It was followed by the Netherlands, with a 19% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Belgium amounted to +20.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (0.0% per year) and the Netherlands (+48.9% per year).

Export Prices by Country

The average export price for flexible tubes, pipes and hoses of plastics, with fittings stood at $X per ton in 2022, jumping by 18% against the previous year. Over the period under review, the export price enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2017 when the average export price increased by 124%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Ireland ($X per ton), while the average price for exports to Germany ($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 Belgium (+21.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flexible Tubes, Pipes and Hoses of Plastics, with Fittings

Imports into Luxembourg

In 2022, approx. X tons of flexible tubes, pipes and hoses of plastics, with fittings were imported into Luxembourg; falling by -47.7% compared with 2021. In general, imports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2016 with an increase of 57%. Over the period under review, imports of hit record highs at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of flexible tubes, pipes and hoses of plastics, with fittings reduced rapidly to $X in 2022. Overall, total imports indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +33.3% against 2019 indices. The growth pace was the most rapid in 2016 when imports increased by 108%. Imports peaked at $X in 2021, and then dropped sharply in the following year.

Imports by Country

In 2022, Germany (X tons) constituted the largest flexible tubes, pipes and hoses of plastics, with fittings supplier to Luxembourg, with a 56% share of total imports. Moreover, imports of flexible tubes, pipes and hoses of plastics, with fittings from Germany exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. The third position in this ranking was held by Belgium (X tons), with a 17% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to -5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+195.3% per year) and Belgium (-10.6% per year).

In value terms, Germany ($X), Italy ($X) and Belgium ($X) appeared to be the largest flexible tubes, pipes and hoses of plastics, with fittings suppliers to Luxembourg, with a combined 92% share of total imports.

In terms of the main suppliers, Italy, with a CAGR of +219.9%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average import price for flexible tubes, pipes and hoses of plastics, with fittings stood at $X per ton in 2022, rising by 44% against the previous year. Overall, the import price enjoyed buoyant growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+19.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :