Luxembourg: Gummed Paper Market 2024

Gummed Paper Market Size in Luxembourg

The Luxembourg gummed paper market surged to $X in 2021, growing by 93% against the previous year. Overall, consumption continues to indicate a notable increase. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Gummed Paper Production in Luxembourg

In value terms, gummed paper production amounted to $X in 2021 estimated in export price. Overall, production, however, faced a dramatic downturn. The pace of growth appeared the most rapid in 2013 with an increase of 73% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Gummed Paper Exports

Exports from Luxembourg

For the third year in a row, Luxembourg recorded decline in overseas shipments of gummed paper and paperboard (excluding self-adhesives), which decreased by -1.2% to X tons in 2021. Over the period under review, exports saw a sharp reduction. The most prominent rate of growth was recorded in 2013 with an increase of 107% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, gummed paper exports reduced to $X in 2021. Overall, exports recorded a dramatic curtailment. The most prominent rate of growth was recorded in 2013 with an increase of 45%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Italy (X tons), Romania (X tons) and Spain (X tons) were the main destinations of gummed paper exports from Luxembourg, together comprising 94% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +337.0%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Romania ($X) and Spain ($X) appeared to be the largest markets for gummed paper exported from Luxembourg worldwide, with a combined 90% share of total exports.

Among the main countries of destination, Spain, with a CAGR of +429.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average gummed paper export price amounted to $X per ton, remaining stable against the previous year. Over the period under review, the export price, however, showed a perceptible contraction. The pace of growth was the most pronounced in 2016 an increase of 46% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Romania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+21.0%), while the prices for the other major destinations experienced mixed trend patterns.

Gummed Paper Imports

Imports into Luxembourg

After two years of decline, purchases abroad of gummed paper and paperboard (excluding self-adhesives) increased by 54% to X tons in 2021. Overall, imports continue to indicate a relatively flat trend pattern. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, gummed paper imports skyrocketed to $X in 2021. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, France (X tons) constituted the largest supplier of gummed paper to Luxembourg, with a 64% share of total imports. Moreover, gummed paper imports from France exceeded the figures recorded by the second-largest supplier, Belgium (X tons), twofold. Germany (X tons) ranked third in terms of total imports with a 4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from France was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+14.2% per year) and Germany (-6.9% per year).

In value terms, France ($X), Belgium ($X) and Germany ($X) constituted the largest gummed paper suppliers to Luxembourg, with a combined 97% share of total imports.

In terms of the main suppliers, Belgium, with a CAGR of +11.9%, recorded 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 gummed paper import price stood at $X per ton in 2021, picking up by 15% against the previous year. Overall, the import price, however, saw a slight decline. The pace of growth was the most pronounced in 2020 an increase of 18% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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