Luxembourg: Halogenated Hydrocarbon Derivative Market 2024

Halogenated Hydrocarbon Derivative Market Size in Luxembourg

In 2022, the Luxembourg halogenated hydrocarbon derivative market decreased by -12% to $X, falling for the second consecutive year after three years of growth. Over the period under review, consumption saw a abrupt decrease. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Halogenated Hydrocarbon Derivative Exports

Exports from Luxembourg

Halogenated hydrocarbon derivative exports from Luxembourg skyrocketed to X tons in 2022, jumping by 1,617% compared with the previous year. Overall, exports, however, continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2017 when exports increased by 2,200%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, halogenated hydrocarbon derivative exports surged to $X in 2022. Over the period under review, exports, however, faced a abrupt decline. The most prominent rate of growth was recorded in 2017 when exports increased by 1,491%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Russia (X tons) was the main destination for halogenated hydrocarbon derivative exports from Luxembourg, accounting for a 88% share of total exports. Moreover, halogenated hydrocarbon derivative exports to Russia exceeded the volume sent to the second major destination, Belgium (X kg), eightfold.

From 2012 to 2022, the average annual growth rate of volume to Russia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-13.1% per year) and France (+7.8% per year).

In value terms, Russia ($X) emerged as the key foreign market for halogenated derivatives of hydrocarbons exports from Luxembourg, comprising 77% of total exports. The second position in the ranking was held by Belgium ($X), with a 13% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-16.4% per year) and France (+23.9% per year).

Export Prices by Country

In 2022, the average halogenated hydrocarbon derivative export price amounted to $X per ton, falling by -79.6% against the previous year. In general, the export price recorded a perceptible decrease. The pace of growth appeared the most rapid in 2018 when the average export price increased by 149%. The export price peaked at $X per ton in 2019; however, from 2020 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 France ($X per ton), while the average price for exports to Russia ($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 (+15.0%), while the prices for the other major destinations experienced mixed trend patterns.

Halogenated Hydrocarbon Derivative Imports

Imports into Luxembourg

In 2022, overseas purchases of halogenated derivatives of hydrocarbons decreased by -34.9% to X tons, falling for the second year in a row after three years of growth. Overall, imports faced a abrupt descent. The most prominent rate of growth was recorded in 2019 when imports increased by 53% against the previous year. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, halogenated hydrocarbon derivative imports rose sharply to $X in 2022. Over the period under review, imports showed a noticeable descent. The most prominent rate of growth was recorded in 2020 with an increase of 74% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

France (X tons), Belgium (X tons) and Germany (X tons) were the main suppliers of halogenated hydrocarbon derivative imports to Luxembourg, together comprising 77% of total imports. Italy, the United States, Spain, China and Japan lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +86.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Belgium ($X) and Italy ($X) constituted the largest halogenated hydrocarbon derivative suppliers to Luxembourg, together accounting for 49% of total imports. Germany, France, Spain, China and Japan lagged somewhat behind, together accounting for a further 22%.

Spain, with a CAGR of +96.9%, recorded the highest growth rate of the value of imports, in terms of 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 halogenated hydrocarbon derivative import price stood at $X per ton in 2022, rising by 73% against the previous year. Over the period under review, the import price posted a prominent increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 the United States ($X per ton), while the price for Japan ($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 (+19.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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