Luxembourg: Heterocyclic Compound Market 2024

Heterocyclic Compound Market Size in Luxembourg

The Luxembourg heterocyclic compound market dropped notably to $X in 2022, reducing by X% 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, however, enjoyed a significant increase. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Heterocyclic Compound Exports

Exports from Luxembourg

For the fourth consecutive year, Luxembourg recorded growth in shipments abroad of heterocyclic compounds, which increased by X% to X tons in 2022. Over the period under review, exports showed a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, heterocyclic compound exports soared to $X in 2022. Overall, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey (X kg) was the main destination for heterocyclic compound exports from Luxembourg, with a X% share of total exports. Moreover, heterocyclic compound exports to Turkey exceeded the volume sent to the second major destination, the Netherlands (X kg), fourfold. France (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Turkey was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and France (X% per year).

In value terms, Turkey ($X) emerged as the key foreign market for heterocyclic compounds exports from Luxembourg, comprising X% of total exports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total exports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Turkey was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and France (X% per year).

Export Prices by Country

In 2022, the average heterocyclic compound export price amounted to $X per ton, growing by X% against the previous year. Overall, the export price enjoyed a remarkable increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X,685 per ton), while the average price for exports to the Netherlands ($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 (X%), while the prices for the other major destinations experienced a decline.

Heterocyclic Compound Imports

Imports into Luxembourg

In 2022, supplies from abroad of heterocyclic compounds decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then fell sharply in the following year.

In value terms, heterocyclic compound imports soared to $X in 2022. Over the period under review, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Germany (X tons) constituted the largest heterocyclic compound supplier to Luxembourg, accounting for a X% share of total imports. Moreover, heterocyclic compound imports from Germany exceeded the figures recorded by the second-largest supplier, Spain (X kg), threefold. The third position in this ranking was held by the Netherlands (X kg), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and the Netherlands (X% per year).

In value terms, Spain ($X) constituted the largest supplier of heterocyclic compounds to Luxembourg, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with an X% share of total imports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Spain was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and France (X% per year).

Import Prices by Country

The average heterocyclic compound import price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the import price saw a strong increase. The growth pace was the most rapid in 2013 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

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 Spain ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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