Luxembourg: Test And Measurement Market 2025

Test And Measurement Market Size in Luxembourg

The Luxembourg test and measurement market surged to $X in 2021, jumping by 71% 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). In general, consumption showed significant growth. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Test And Measurement Exports

Exports from Luxembourg

In 2021, the amount of instruments and apparatus for measuring or checking pressure of liquids or gasses exported from Luxembourg skyrocketed to X units, jumping by 21% on the year before. Over the period under review, exports saw a significant increase. The growth pace was the most rapid in 2018 with an increase of 362%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in years to come.

In value terms, test and measurement exports surged to $X in 2021. Overall, exports enjoyed a strong increase. The most prominent rate of growth was recorded in 2018 with an increase of 106% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

France (X units), the UK (X units) and Russia (X units) were the main destinations of test and measurement exports from Luxembourg, together comprising 36% of total exports. These countries were followed by Germany, Belgium, India, South Africa, Turkey, the United Arab Emirates, Thailand, Italy, China and the Netherlands, which together accounted for a further 41%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Thailand (with a CAGR of +83.9%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and the Netherlands ($X) appeared to be the largest markets for test and measurement exported from Luxembourg worldwide, together comprising 45% of total exports. These countries were followed by the UK, Belgium, Russia, the United Arab Emirates, Thailand, India, South Africa, Turkey, Italy and China, which together accounted for a further 34%.

In terms of the main countries of destination, Thailand, with a CAGR of +83.9%, 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 test and measurement export price stood at $X per unit in 2021, waning by -1.6% against the previous year. Over the period under review, the export price continues to indicate a pronounced slump. The growth pace was the most rapid in 2017 when the average export price increased by 150%. As a result, the export price reached the peak level of $X per unit. From 2018 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to South Africa ($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 Netherlands (+10.5%), while the prices for the other major destinations experienced more modest paces of growth.

Test And Measurement Imports

Imports into Luxembourg

Test and measurement imports into Luxembourg soared to X units in 2021, growing by 62% on the previous year. Overall, imports recorded significant growth. The most prominent rate of growth was recorded in 2019 when imports increased by 137% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, test and measurement imports soared to $X in 2021. Over the period under review, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 76% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X units), France (X units) and Thailand (X units) were the main suppliers of test and measurement imports to Luxembourg, together accounting for 65% of total imports.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +85.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Thailand ($X) and the Netherlands ($X) constituted the largest test and measurement suppliers to Luxembourg, with a combined 66% share of total imports.

Thailand, with a CAGR of +97.0%, recorded the highest rates of growth with regard to 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 test and measurement import price stood at $X per unit in 2021, waning by -15.4% against the previous year. Over the period under review, the import price continues to indicate a abrupt slump. The pace of growth was the most pronounced in 2015 an increase of 69% against the previous year. As a result, import price attained the peak level of $X per unit. From 2016 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+6.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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