Luxembourg: Medical Gel Preparations Market 2024

Medical Gel Preparations Market Size in Luxembourg

After three years of growth, the Luxembourg medical gel preparations market decreased by -76.3% to $X in 2022. In general, consumption faced a deep reduction. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Medical Gel Preparations Exports

Exports from Luxembourg

In 2022, the amount of gel preparations for human or veterinary medicine exported from Luxembourg expanded slightly to X tons, increasing by 2.9% against 2021. In general, exports, however, continue to indicate a deep setback. The most prominent rate of growth was recorded in 2018 with an increase of 53%. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, medical gel preparations exports reduced rapidly to $X in 2022. Overall, exports, however, faced a precipitous descent. The most prominent rate of growth was recorded in 2018 when exports increased by 78% against the previous year. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Belgium (X tons) was the main destination for medical gel preparations exports from Luxembourg, with a 99% share of total exports. It was followed by France (X kg), with a 0.5% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Belgium totaled +5.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-36.1% per year) and the Netherlands (-39.9% per year).

In value terms, Belgium ($X) remains the key foreign market for gel preparations for human or veterinary medicine exports from Luxembourg, comprising 95% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 3.2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Belgium was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-40.4% per year) and France (-38.3% per year).

Export Prices by Country

The average medical gel preparations export price stood at $X per ton in 2022, dropping by -19.4% against the previous year. Overall, the export price recorded a deep slump. The most prominent rate of growth was recorded in 2020 when the average export price increased by 35% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 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 the Netherlands ($X per ton), while the average price for exports to Belgium ($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 UK (+14.4%), while the prices for the other major destinations experienced mixed trend patterns.

Medical Gel Preparations Imports

Imports into Luxembourg

In 2022, after two years of growth, there was significant decline in purchases abroad of gel preparations for human or veterinary medicine, when their volume decreased by -56.1% to X tons. Over the period under review, imports faced a abrupt contraction. The most prominent rate of growth was recorded in 2017 with an increase of 400% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, medical gel preparations imports plummeted to $X in 2022. In general, imports recorded a precipitous shrinkage. The most prominent rate of growth was recorded in 2017 when imports increased by 640%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Turkey (X tons), Belgium (X tons) and Germany (X tons) were the main suppliers of medical gel preparations imports to Luxembourg, with a combined 73% share of total imports. France, Italy, the Netherlands, China and Denmark lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +10.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Belgium ($X) and France ($X) appeared to be the largest medical gel preparations suppliers to Luxembourg, with a combined 71% share of total imports.

France, with a CAGR of +4.9%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average medical gel preparations import price stood at $X per ton in 2022, picking up by 11% against the previous year. In general, the import price, however, showed a deep reduction. The pace of growth appeared the most rapid in 2017 an increase of 48% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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