Luxembourg: Market for Floor, Wall Or Ceiling Coverings Of Plastics 2024

Market Size for Floor, Wall Or Ceiling Coverings Of Plastics in Luxembourg

The Luxembourg market for floor, wall or ceiling coverings of plastics dropped sharply to $X in 2022, falling by -96.6% against the previous year. In general, consumption recorded a sharp contraction. As a result, consumption attained the peak level of $X, and then contracted dramatically in the following year.

Production of Floor, Wall Or Ceiling Coverings Of Plastics in Luxembourg

In value terms, production of floor, wall or ceiling coverings of plastics fell modestly to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by 30%. Over the period under review, production of reached the peak level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Exports of Floor, Wall Or Ceiling Coverings Of Plastics

Exports from Luxembourg

In 2022, approx. X square meters of floor, wall or ceiling coverings of plastics were exported from Luxembourg; surging by 14% compared with the year before. The total export volume increased at an average annual rate of +3.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of 26%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, exports of floor, wall or ceiling coverings of plastics rose sharply to $X in 2022. The total export value increased at an average annual rate of +2.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of 23% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see gradual growth in the near future.

Exports by Country

France (X square meters), Germany (X square meters) and Belgium (X square meters) were the main destinations of exports of floor, wall or ceiling coverings of plastics from Luxembourg, together comprising 62% of total exports. The Netherlands, Sweden, the UK, Spain, Italy, Poland, the Czech Republic and Portugal lagged somewhat behind, together comprising a further 28%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Portugal (with a CAGR of +31.2%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and Belgium ($X) were the largest markets for plastic floor, wall and ceiling coverings exported from Luxembourg worldwide, with a combined 61% share of total exports. The Netherlands, Sweden, the UK, Spain, Italy, Poland, the Czech Republic and Portugal lagged somewhat behind, together comprising a further 28%.

Portugal, with a CAGR of +30.7%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for floor, wall or ceiling coverings of plastics stood at $X per square meter in 2022, reducing by -7% against the previous year. In general, the export price showed a mild contraction. The pace of growth appeared the most rapid in 2021 when the average export price increased by 5.2% against the previous year. Over the period under review, the average export prices hit record highs at $X per square meter in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Portugal ($X per square meter) and the Netherlands ($X per square meter), while the average price for exports to Belgium ($X per square meter) and France ($X per square meter) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (-0.4%), while the prices for the other major destinations experienced a decline.

Imports of Floor, Wall Or Ceiling Coverings Of Plastics

Imports into Luxembourg

In 2022, imports of floor, wall or ceiling coverings of plastics into Luxembourg reduced notably to X square meters, waning by -32.9% compared with the previous year. Over the period under review, imports, however, saw a remarkable increase. The growth pace was the most rapid in 2017 when imports increased by 811%. Imports peaked at X square meters in 2021, and then contracted significantly in the following year.

In value terms, imports of floor, wall or ceiling coverings of plastics reduced remarkably to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by 776%. Over the period under review, imports of attained the peak figure at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X square meters) constituted the largest plastic floor, wall and ceiling coverings supplier to Luxembourg, with a 47% share of total imports. Moreover, imports of floor, wall or ceiling coverings of plastics from China exceeded the figures recorded by the second-largest supplier, South Korea (X square meters), twofold. Poland (X square meters) ranked third in terms of total imports with a 17% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +111.2%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+109.8% per year) and Poland (+599.4% per year).

In value terms, China ($X) constituted the largest supplier of floor, wall or ceiling coverings of plastics to Luxembourg, comprising 45% of total imports. The second position in the ranking was held by South Korea ($X), with a 21% share of total imports. It was followed by Poland, with an 18% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +95.2%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+95.5% per year) and Poland (+556.8% per year).

Import Prices by Country

In 2022, the average import price for floor, wall or ceiling coverings of plastics amounted to $X per square meter, with an increase of 11% against the previous year. Overall, the import price, however, continues to indicate a abrupt curtailment. The import price peaked at $X per square meter in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Germany ($X per square meter) and Sweden ($X per square meter), while the price for South Korea ($X per square meter) and China ($X per square meter) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-2.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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