Luxembourg: Wire And Cable Market 2025

Wire And Cable Market Size in Luxembourg

The Luxembourg wire and cable market soared to $X in 2021, increasing by 31% 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, the total consumption indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +63.1% against 2015 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Wire And Cable Exports

Exports from Luxembourg

In 2021, the amount of insulated wire and cable exported from Luxembourg skyrocketed to X tons, with an increase of 70% on 2020 figures. In general, exports enjoyed a strong expansion. The pace of growth was the most pronounced in 2018 with an increase of 99.9%. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, wire and cable exports skyrocketed to $X in 2021. Overall, exports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2018 when exports increased by 69% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Belgium (X tons), France (X tons) and Germany (X tons) were the main destinations of wire and cable exports from Luxembourg, together comprising 74% of total exports. These countries were followed by the Netherlands, Senegal and China, which together accounted for a further 13%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Senegal (with a CAGR of +263.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wire and cable exported from Luxembourg were Germany ($X), France ($X) and Belgium ($X), with a combined 49% share of total exports. China, the Netherlands and Senegal lagged somewhat behind, together comprising a further 10%.

In terms of the main countries of destination, Senegal, with a CAGR of +162.6%, recorded 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

The average wire and cable export price stood at $X per ton in 2021, declining by -26.9% against the previous year. Overall, the export price recorded a pronounced setback. The most prominent rate of growth was recorded in 2016 when the average export price increased by 16%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Senegal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+9.5%), while the prices for the other major destinations experienced mixed trend patterns.

Wire And Cable Imports

Imports into Luxembourg

In 2021, approx. X tons of insulated wire and cable were imported into Luxembourg; picking up by 24% on the previous year. In general, total imports indicated a noticeable increase from 2012 to 2021: its volume increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +81.0% against 2013 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, wire and cable imports skyrocketed to $X in 2021. Over the period under review, total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +81.5% against 2016 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) constituted the largest wire and cable supplier to Luxembourg, accounting for a 65% share of total imports. Moreover, wire and cable imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X tons), fourfold. The third position in this ranking was taken by Austria (X tons), with a 5.8% share.

From 2012 to 2021, the average annual growth rate of volume from Germany totaled +1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+12.5% per year) and Austria (+15.0% per year).

In value terms, Germany ($X) constituted the largest supplier of insulated wire and cable to Luxembourg, comprising 60% of total imports. The second position in the ranking was held by Belgium ($X), with a 10% share of total imports. It was followed by Italy, with a 7.9% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled +6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+6.0% per year) and Italy (+12.2% per year).

Import Prices by Country

In 2021, the average wire and cable import price amounted to $X per ton, increasing by 13% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.1%. The growth pace was the most rapid in 2013 when the average import price increased by 14%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+4.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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