Luxembourg: Hydraulic Press Market 2024

Hydraulic Press Market Size in Luxembourg

The Luxembourg hydraulic press market skyrocketed to $X in 2022, rising by 36% 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). Over the period under review, consumption showed a perceptible expansion. Hydraulic press consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Hydraulic Press Exports

Exports from Luxembourg

In 2021, exports of hydraulic presses for working metal from Luxembourg soared to X units, picking up by 117% compared with 2020 figures. Overall, exports, however, saw a noticeable slump. The most prominent rate of growth was recorded in 2014 with an increase of 275%. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, hydraulic press exports reduced rapidly to $X in 2021. Over the period under review, exports, however, recorded a dramatic shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 39,455% against the previous year. As a result, the exports attained the peak of $X, and then declined notably in the following year.

Exports by Country

Austria (X units) was the main destination for hydraulic press exports from Luxembourg, with a 77% share of total exports. Moreover, hydraulic press exports to Austria exceeded the volume sent to the second major destination, Norway (X units), tenfold. The third position in this ranking was held by Belgium (X units), with a 7.7% share.

From 2012 to 2021, the average annual growth rate of volume to Austria was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (0.0% per year) and Belgium (-9.4% per year).

In value terms, the UK ($X) emerged as the key foreign market for hydraulic presses for working metal exports from Luxembourg, comprising 75% of total exports. The second position in the ranking was held by Belgium ($X), with a 22% share of total exports. It was followed by Austria, with a 2.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-19.4% per year) and Austria (0.0% per year).

Export Prices by Country

In 2021, the average hydraulic press export price amounted to $X per unit, falling by -99.8% against the previous year. Over the period under review, the export price continues to indicate a significant curtailment. The growth pace was the most rapid in 2020 when the average export price increased by 32,862% against the previous year. As a result, the export price reached the peak level of $X per unit, and then contracted dramatically in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+55.8%), while the prices for the other major destinations experienced mixed trend patterns.

Hydraulic Press Imports

Imports into Luxembourg

Hydraulic press imports into Luxembourg soared to X units in 2022, picking up by 36% compared with the previous year. Over the period under review, imports, however, showed a noticeable curtailment. The pace of growth appeared the most rapid in 2018 when imports increased by 73%. Over the period under review, imports hit record highs at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, hydraulic press imports dropped rapidly to $X in 2022. Overall, imports showed a buoyant increase. The growth pace was the most rapid in 2018 with an increase of 416% against the previous year. Imports peaked at $X in 2021, and then dropped significantly in the following year.

Imports by Country

Germany (X units), China (X units) and France (X units) were the main suppliers of hydraulic press imports to Luxembourg, together comprising 75% of total imports. The UK and Belgium lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +68.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constituted the largest supplier of hydraulic presses for working metal to Luxembourg, comprising 60% of total imports. The second position in the ranking was held by the UK ($X), with a 25% share of total imports. It was followed by Germany, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from France stood at +89.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+238.6% per year) and Germany (-4.4% per year).

Import Prices by Country

The average hydraulic press import price stood at $X per unit in 2022, with a decrease of -44.2% against the previous year. Over the period under review, the import price, however, posted a significant expansion. The most prominent rate of growth was recorded in 2013 an increase of 592%. The import price peaked at $X per unit in 2021, and then fell rapidly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+101.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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