Luxembourg: Market for Grinding, Sanding and Polishing Machines 2024

Market Size for Grinding, Sanding and Polishing Machines in Luxembourg

The Luxembourg market for grinding, sanding and polishing machines contracted to $X in 2021, declining by -11% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a abrupt decline. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Exports of Grinding, Sanding and Polishing Machines

Exports from Luxembourg

In 2021, exports of grinding, sanding and polishing machines from Luxembourg surged to X units, rising by 239% on the previous year's figure. Over the period under review, exports posted strong growth. The pace of growth was the most pronounced in 2019 with an increase of 13,000% against the previous year. As a result, the exports attained the peak of X units. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, grinding, sanding and polishing machine exports surged to $X in 2021. Overall, exports showed a resilient increase. The most prominent rate of growth was recorded in 2019 with an increase of 3,368% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

France (X units) was the main destination for grinding, sanding and polishing machine exports from Luxembourg, accounting for a 79% share of total exports. Moreover, grinding, sanding and polishing machine exports to France exceeded the volume sent to the second major destination, Belgium (X units), tenfold. The third position in this ranking was held by Italy (X units), with a 4.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to France stood at +42.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-15.6% per year) and Italy (+50.0% per year).

In value terms, France ($X) emerged as the key foreign market for grinding, sanding and polishing machines exports from Luxembourg, comprising 58% of total exports. The second position in the ranking was taken by Belgium ($X), with a 19% share of total exports. It was followed by Germany, with a 6.8% share.

From 2012 to 2021, the average annual growth rate of value to France totaled +49.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+3.6% per year) and Germany (+6.1% per year).

Export Prices by Country

In 2021, the average export price for grinding, sanding and polishing machines amounted to $X per unit, with an increase of 69% against the previous year. Over the period under review, the export price saw a noticeable increase. The most prominent rate of growth was recorded in 2018 an increase of 720% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 to 2021, the average 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 Germany ($X per unit), while the average price for exports to France ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+297.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Grinding, Sanding and Polishing Machines

Imports into Luxembourg

Grinding, sanding and polishing machine imports into Luxembourg rose markedly to X units in 2021, picking up by 9.9% compared with 2020 figures. Over the period under review, imports, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2016 when imports increased by 763% against the previous year. Imports peaked at X units in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, grinding, sanding and polishing machine imports dropped to $X in 2021. Overall, imports, however, showed a perceptible downturn. The growth pace was the most rapid in 2016 when imports increased by 488% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Germany (X units), Belgium (X units) and France (X units) were the main suppliers of grinding, sanding and polishing machine imports to Luxembourg, with a combined 87% share of total imports. These countries were followed by Austria and the United States, which together accounted for a further 10%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +182.8%), while imports for the other leaders experienced a decline.

In value terms, Germany ($X) constituted the largest supplier of grinding, sanding and polishing machines to Luxembourg, comprising 77% of total imports. The second position in the ranking was taken by Belgium ($X), with a 15% share of total imports. It was followed by Austria, with a 3.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled -3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+6.6% per year) and Austria (+16.9% per year).

Import Prices by Country

The average import price for grinding, sanding and polishing machines stood at $X per unit in 2021, which is down by -22.5% against the previous year. Overall, the import price, however, showed a buoyant increase. The pace of growth appeared the most rapid in 2020 when the average import price increased by 389% against the previous year. As a result, import price attained the peak level of $X per unit, and then fell rapidly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+29.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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