Luxembourg: Measuring Instrument Market 2022

Measuring Instrument Market Size in Luxembourg

In 2021, the Luxembourg measuring instrument market was finally on the rise to reach $X after three years of decline. In general, consumption continues to indicate a relatively flat trend pattern. Measuring instrument consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Measuring Instrument Production in Luxembourg

In value terms, measuring instrument production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production showed a mild expansion. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Measuring Instrument Exports

Exports from Luxembourg

In 2021, overseas shipments of instruments and apparatus for measuring or checking the flow or level of liquids decreased by -14.6% to X units, falling for the second year in a row after four years of growth. Overall, exports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 126% against the previous year. The exports peaked at X units in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, measuring instrument exports expanded remarkably to $X in 2021. In general, exports, however, posted a resilient increase. The pace of growth appeared the most rapid in 2018 with an increase of 46%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X units), the United States (X units) and Romania (X units) were the main destinations of measuring instrument exports from Luxembourg, with a combined 40% share of total exports. The UK, Hungary, France, Poland, Spain, Belgium, Sweden, the Netherlands, South Africa and China lagged somewhat behind, together accounting for a further 53%.

From 2012 to 2021, the biggest increases were in Hungary (with a CAGR of +226.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for measuring instrument exported from Luxembourg were France ($X), Germany ($X) and the UK ($X), with a combined 35% share of total exports. Spain, Poland, Romania, the United States, Hungary, Belgium, South Africa, Sweden, China and the Netherlands lagged somewhat behind, together accounting for a further 55%.

Among the main countries of destination, Hungary, with a CAGR of +203.6%, saw the highest growth rate of 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

In 2021, the average measuring instrument export price amounted to $X per unit, with an increase of 29% against the previous year. Overall, the export price, however, recorded a noticeable shrinkage. The export price peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Spain ($X per unit), while the average price for exports to the Netherlands ($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 Sweden (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.

Measuring Instrument Imports

Imports into Luxembourg

For the third year in a row, Luxembourg recorded growth in supplies from abroad of instruments and apparatus for measuring or checking the flow or level of liquids, which increased by 16% to X units in 2021. In general, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2013 when imports increased by 56%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the near future.

In value terms, measuring instrument imports surged to $X in 2021. Overall, imports posted a strong increase. The most prominent rate of growth was recorded in 2016 when imports increased by 60%. Over the period under review, imports attained the peak figure in 2021 and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X units) constituted the largest measuring instrument supplier to Luxembourg, accounting for a 58% share of total imports. Moreover, measuring instrument imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X units), threefold. The third position in this ranking was taken by France (X units), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to +16.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+32.1% per year) and France (+33.2% per year).

In value terms, the Netherlands ($X), Germany ($X) and Belgium ($X) appeared to be the largest measuring instrument suppliers to Luxembourg, with a combined 80% share of total imports. France, Norway, the United States and Poland lagged somewhat behind, together comprising a further 17%.

Among the main suppliers, Poland, with a CAGR of +164.5%, recorded the highest rates of growth with regard to 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

In 2021, the average measuring instrument import price amounted to $X per unit, picking up by 12% against the previous year. In general, the import price, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2016 when the average import price increased by 98% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+1.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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