Luxembourg: Aromatic Hydrocarbons Derivatives Market 2024

Aromatic Hydrocarbons Derivatives Market Size in Luxembourg

In 2021, after two years of growth, there was decline in the Luxembourg aromatic hydrocarbons derivatives market, when its value decreased by -2% to $X. Overall, the total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +12.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +3.8% against 2018 indices. Over the period under review, the market reached the maximum level at $X in 2020, and then dropped in the following year.

Aromatic Hydrocarbons Derivatives Production in Luxembourg

In value terms, aromatic hydrocarbons derivatives production fell slightly to $X in 2021 estimated in export price. Over the period under review, the total production indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +12.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -0.9% against 2016 indices. The most prominent rate of growth was recorded in 2013 with an increase of 86%. Aromatic hydrocarbons derivatives production peaked at $X in 2020, and then declined in the following year.

Aromatic Hydrocarbons Derivatives Exports

Exports from Luxembourg

Aromatic hydrocarbons derivatives exports from Luxembourg fell dramatically to X kg in 2019, with a decrease of -99% against the year before. Over the period under review, exports, however, enjoyed a tangible increase. The growth pace was the most rapid in 2015 when exports increased by 2,320% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2019, the growth of the exports remained at a somewhat lower figure.

In value terms, aromatic hydrocarbons derivatives exports declined rapidly to $X in 2019. In general, exports recorded a noticeable reduction. The pace of growth was the most pronounced in 2015 when exports increased by 1,629%. As a result, the exports attained the peak of $X. From 2016 to 2019, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The Netherlands (X kg) was the main destination for aromatic hydrocarbons derivatives exports from Luxembourg, with a approx. 100% share of total exports.

From 2012 to 2019, the average annual growth rate of volume to the Netherlands stood at +4.7%.

In value terms, the Netherlands ($X) emerged as the key foreign market for halogenated derivatives of aromatic hydrocarbons exports from Luxembourg.

From 2012 to 2019, the average annual growth rate of value to the Netherlands totaled -2.1%.

Export Prices by Country

In 2019, the average aromatic hydrocarbons derivatives export price amounted to $X per ton, rising by 90% against the previous year. Overall, the export price, however, showed a abrupt descent. The export price peaked at $X per ton in 2012; however, from 2013 to 2019, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the Netherlands.

From 2012 to 2019, the rate of growth in terms of prices for the Netherlands amounted to -6.4% per year.

Aromatic Hydrocarbons Derivatives Imports

Imports into Luxembourg

Aromatic hydrocarbons derivatives imports into Luxembourg soared to X kg in 2021, rising by 235% compared with the previous year's figure. Overall, imports recorded buoyant growth. Over the period under review, imports hit record highs at X kg in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, aromatic hydrocarbons derivatives imports skyrocketed to $X in 2021. Over the period under review, imports, however, faced a abrupt slump. The pace of growth appeared the most rapid in 2014 with an increase of 25%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Germany (X kg) constituted the largest aromatic hydrocarbons derivatives supplier to Luxembourg, with a 71% share of total imports. Moreover, aromatic hydrocarbons derivatives imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X kg), twofold.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to +19.0%.

In value terms, Belgium ($X) constituted the largest supplier of halogenated derivatives of aromatic hydrocarbons to Luxembourg, comprising 70% of total imports. The second position in the ranking was held by Germany ($X), with a 30% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Belgium amounted to -7.7%.

Import Prices by Country

The average aromatic hydrocarbons derivatives import price stood at $X per ton in 2021, declining by -63.6% against the previous year. Over the period under review, the import price faced a abrupt setback. The most prominent rate of growth was recorded in 2020 an increase of 104% against the previous year. Over the period under review, average import prices attained the peak figure 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 Belgium ($X per ton), while the price for Germany stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+55.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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