Luxembourg: Market for In-Hand Motor Grinders, Sanders And Planers 2024

Market Size for In-Hand Motor Grinders, Sanders And Planers in Luxembourg

For the fifth year in a row, the Luxembourg market for in-hand motor grinders, sanders and planers recorded growth in sales value, which increased by 5.8% to $X in 2021. In general, consumption showed a prominent expansion. Over the period under review, the market attained the peak level in 2021 and is expected to retain growth in years to come.

Production of In-Hand Motor Grinders, Sanders And Planers in Luxembourg

In value terms, production of in-hand motor grinders, sanders and planers dropped to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.8% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when the production volume increased by 28%. Over the period under review, production of attained the maximum level at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Exports of In-Hand Motor Grinders, Sanders And Planers

Exports from Luxembourg

In 2021, shipments abroad of in-hand motor grinders, sanders and planers was finally on the rise to reach X units after four years of decline. Overall, exports, however, saw a perceptible shrinkage. The growth pace was the most rapid in 2013 with an increase of 48%. The exports peaked at X units in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, exports of in-hand motor grinders, sanders and planers amounted to $X in 2021. Over the period under review, exports continue to indicate a mild increase. The most prominent rate of growth was recorded in 2013 when exports increased by 54%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units), France (X units) and Belgium (X units) were the main destinations of exports of in-hand motor grinders, sanders and planers from Luxembourg, together comprising 98% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of +13.5%), while the other leaders experienced mixed trend patterns.

In value terms, Germany ($X), France ($X) and Belgium ($X) appeared to be the largest markets for electromechanical tools for working in the hand, with self-contained electric motor exported from Luxembourg worldwide, with a combined 95% share of total exports.

In terms of the main countries of destination, Belgium, with a CAGR of +12.6%, 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 mixed trend patterns.

Export Prices by Country

In 2021, the average export price for in-hand motor grinders, sanders and planers amounted to $X per unit, rising by 8.6% against the previous year. In general, export price indicated buoyant growth from 2012 to 2021: its price increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for in-hand motor grinders, sanders and planers increased by +27.7% against 2019 indices. The pace of growth appeared the most rapid in 2015 when the average export price increased by 34% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2021, the country with the highest price was Germany ($X per unit), while the average price for exports to Belgium ($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 Germany (+10.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of In-Hand Motor Grinders, Sanders And Planers

Imports into Luxembourg

Imports of in-hand motor grinders, sanders and planers into Luxembourg reached X units in 2021, with an increase of 5.6% on the year before. Over the period under review, imports showed resilient growth. The pace of growth was the most pronounced in 2020 when imports increased by 79%. Imports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, imports of in-hand motor grinders, sanders and planers expanded significantly to $X in 2021. Overall, imports saw strong growth. The most prominent rate of growth was recorded in 2013 with an increase of 34% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Belgium (X units), Germany (X units) and France (X units) were the main suppliers of imports of in-hand motor grinders, sanders and planers to Luxembourg, together accounting for 96% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +26.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Germany ($X) and France ($X) appeared to be the largest electromechanical tools for working in the hand, with self-contained electric motor suppliers to Luxembourg, with a combined 95% share of total imports.

In terms of the main suppliers, France, with a CAGR of +26.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for in-hand motor grinders, sanders and planers stood at $X per unit in 2021, rising by 4.6% against the previous year. Over the period under review, the import price, however, saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2013 when the average import price increased by 46%. Over the period under review, average import prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+10.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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