Luxembourg: Market for Glass in The Mass 2024

Market Size for Glass in The Mass in Luxembourg

The Luxembourg glass in the mass market skyrocketed to $X in 2022, increasing by 262% against the previous year. In general, consumption showed a relatively flat trend pattern. Glass in the mass consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Production of Glass in The Mass in Luxembourg

In value terms, glass in the mass production skyrocketed to $X in 2022 estimated in export price. Overall, production posted a strong expansion. The most prominent rate of growth was recorded in 2020 with an increase of 87%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Exports of Glass in The Mass

Exports from Luxembourg

In 2022, shipments abroad of glass in the mass decreased by -2.5% to X tons, falling for the second year in a row after five years of growth. Over the period under review, exports saw a mild curtailment. The pace of growth was the most pronounced in 2016 with an increase of 52%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, glass in the mass exports reduced remarkably to $X in 2022. In general, exports recorded a slight curtailment. The pace of growth was the most pronounced in 2018 when exports increased by 103%. Over the period under review, the glass in mass exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

France (X tons) was the main destination for glass in the mass exports from Luxembourg, accounting for a 93% share of total exports. Moreover, glass in the mass exports to France exceeded the volume sent to the second major destination, Belgium (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to France totaled +10.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-19.7% per year) and Germany (-23.2% per year).

In value terms, France ($X) remains the key foreign market for glass in the mass exports from Luxembourg, comprising 95% of total exports. The second position in the ranking was taken by Belgium ($X), with a 2.5% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to France totaled +11.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-22.2% per year) and Germany (-25.5% per year).

Export Prices by Country

The average glass in the mass export price stood at $X per ton in 2022, shrinking by -18.5% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 57% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

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 France ($X per ton), while the average price for exports to Germany ($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 France (+0.3%), while the prices for the other major destinations experienced a decline.

Imports of Glass in The Mass

Imports into Luxembourg

In 2022, overseas purchases of glass in the mass increased by 46% to X tons for the first time since 2016, thus ending a five-year declining trend. Over the period under review, imports, however, faced a deep setback. The most prominent rate of growth was recorded in 2016 when imports increased by 50%. Over the period under review, glass in mass imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, glass in the mass imports amounted to $X in 2022. Overall, imports, however, saw a deep contraction. The most prominent rate of growth was recorded in 2014 when imports increased by 34% against the previous year. Over the period under review, glass in mass imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of glass in the mass to Luxembourg, with a 72% share of total imports. Moreover, glass in the mass imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X tons), fivefold.

From 2012 to 2022, the average annual growth rate of volume from Germany stood at -9.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-13.1% per year) and France (-27.9% per year).

In value terms, Germany ($X) constituted the largest supplier of glass in the mass to Luxembourg, comprising 60% of total imports. The second position in the ranking was held by France ($X), with a 14% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled -11.8%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-25.3% per year) and Belgium (-15.9% per year).

Import Prices by Country

The average glass in the mass import price stood at $X per ton in 2022, falling by -30.9% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 58% against the previous year. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a lower figure.

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 France ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+3.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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