Luxembourg: Non-Electric Motor Handtools Market 2025

Non-Electric Motor Handtools Market Size in Luxembourg

In 2022, the Luxembourg non-electric motor handtools market increased by 17% to $X, rising for the third consecutive year after two years of decline. In general, consumption recorded modest growth. Non-electric motor handtools consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

Non-Electric Motor Handtools Production in Luxembourg

In value terms, non-electric motor handtools production fell slightly to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 24% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Non-Electric Motor Handtools Exports

Exports from Luxembourg

In 2022, overseas shipments of handtools, hydraulic or with a self-contained non-electric motor decreased by -75% to X units, falling for the third consecutive year after two years of growth. Over the period under review, exports recorded a noticeable setback. The most prominent rate of growth was recorded in 2016 with an increase of 845%. Over the period under review, the exports reached the peak figure at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, non-electric motor handtools exports dropped markedly to $X in 2022. In general, exports saw a noticeable slump. The pace of growth was the most pronounced in 2016 with an increase of 715%. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Belgium (X units), Germany (X units) and the UK (X units) were the main destinations of non-electric motor handtools exports from Luxembourg, together accounting for 88% of total exports. France, Bosnia and Herzegovina, the United States and the Netherlands lagged somewhat behind, together comprising a further 10%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +44.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-electric motor handtools exported from Luxembourg were Belgium ($X), Germany ($X) and France ($X), with a combined 89% share of total exports. The UK, Bosnia and Herzegovina, the Netherlands and the United States lagged somewhat behind, together comprising a further 10%.

Among the main countries of destination, the Netherlands, with a CAGR of +304.5%, 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

The average non-electric motor handtools export price stood at $X per unit in 2022, picking up by 85% against the previous year. Overall, the export price showed a relatively flat trend pattern. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were the Netherlands ($X per unit) and Belgium ($X per unit), while the average price for exports to the UK ($X per unit) and Bosnia and Herzegovina ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+180.4%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Electric Motor Handtools Imports

Imports into Luxembourg

In value terms, non-electric motor handtools imports soared to $X in 2022. In general, total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +81.2% against 2017 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In value terms, Germany ($X) constituted the largest supplier of handtools, hydraulic or with a self-contained non-electric motor to Luxembourg, comprising 71% of total imports. The second position in the ranking was taken by Belgium ($X), with a 14% share of total imports. It was followed by France, with a 5.4% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled +10.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+1.2% per year) and France (+22.6% per year).

Source: IndexBox Platform

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