Luxembourg: Market for Instruments for Measuring Electrical Quantities 2024

Market Size for Instruments for Measuring Electrical Quantities in Luxembourg

In 2021, after four years of growth, there was significant decline in the Luxembourg market for instruments for measuring electrical quantities, when its value decreased by -30.9% to $X. Overall, the total consumption indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2020, and then dropped rapidly in the following year.

Exports of Instruments for Measuring Electrical Quantities

Exports from Luxembourg

After three years of growth, shipments abroad of instruments for measuring electrical quantities decreased by -74.1% to X units in 2021. Over the period under review, exports, however, enjoyed a mild expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 167% against the previous year. The exports peaked at X units in 2020, and then declined dramatically in the following year.

In value terms, instruments for measuring electrical quantities exports reduced dramatically to $X in 2021. Overall, exports, however, enjoyed notable growth. The pace of growth was the most pronounced in 2020 when exports increased by 182%. As a result, the exports attained the peak of $X, and then declined dramatically in the following year.

Exports by Country

Germany (X units), Oman (X units) and Belgium (X units) were the main destinations of instruments for measuring electrical quantities exports from Luxembourg, with a combined 56% share of total exports. France, the United States, the Netherlands, the UK, Australia, Austria, Italy and the Czech Republic lagged somewhat behind, together comprising a further 32%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Australia (with a CAGR of +257.3%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and Oman ($X) constituted the largest markets for instruments for measuring electrical quantities exported from Luxembourg worldwide, together accounting for 37% of total exports. Belgium, the UK, Italy, the United States, Australia, Austria, the Netherlands and the Czech Republic lagged somewhat behind, together comprising a further 33%.

In terms of the main countries of destination, Australia, with a CAGR of +195.5%, saw 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 export price for instruments for measuring electrical quantities stood at $X per unit in 2021, growing by 15% against the previous year. Overall, export price indicated noticeable growth from 2012 to 2021: its price increased at an average annual rate of +2.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, instruments for measuring electrical quantities export price increased by +43.0% against 2019 indices. The most prominent rate of growth was recorded in 2017 an increase of 60%. As a result, the export price attained the peak level of $X per unit. From 2018 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Italy ($X per unit), while the average price for exports to the Czech Republic ($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 France (+2.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Instruments for Measuring Electrical Quantities

Imports into Luxembourg

After four years of growth, purchases abroad of instruments for measuring electrical quantities decreased by -36.7% to X units in 2021. In general, total imports indicated a perceptible expansion from 2012 to 2021: its volume increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by 46% against the previous year. Imports peaked at X units in 2020, and then declined notably in the following year.

In value terms, instruments for measuring electrical quantities imports contracted significantly to $X in 2021. Over the period under review, total imports indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 52%. Over the period under review, imports attained the peak figure at $X in 2020, and then dropped notably in the following year.

Imports by Country

Germany (X units), Italy (X units) and Belgium (X units) were the main suppliers of instruments for measuring electrical quantities imports to Luxembourg, together accounting for 63% of total imports.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +64.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest instruments for measuring electrical quantities suppliers to Luxembourg were Germany ($X), Belgium ($X) and the Netherlands ($X), with a combined 69% share of total imports. These countries were followed by France, Italy, Switzerland, China and Taiwan (Chinese), which together accounted for a further 19%.

Italy, with a CAGR of +49.4%, saw the highest growth rate of the value of imports, among the main suppliers 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 import price for instruments for measuring electrical quantities amounted to $X per unit, declining by -11.5% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of 28% against the previous year. The import price peaked at $X per unit in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Belgium ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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