Luxembourg: Insulating Fittings Market 2025

Insulating Fittings Market Size in Luxembourg

In 2021, the Luxembourg insulating fittings market decreased by -17.8% to $X for the first time since 2015, thus ending a five-year rising trend. In general, consumption, however, saw a significant expansion. Over the period under review, the market attained the peak level at $X in 2020, and then shrank rapidly in the following year.

Insulating Fittings Exports

Exports from Luxembourg

In 2021, exports of insulating fittings for electrical purposes from Luxembourg skyrocketed to X tons, increasing by 192% against 2020. In general, exports showed a significant increase. The pace of growth was the most pronounced in 2019 when exports increased by 4,930%. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, insulating fittings exports soared to $X in 2021. Overall, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 4,210% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Germany (X kg), Oman (X kg) and Belgium (X kg) were the main destinations of insulating fittings exports from Luxembourg, together accounting for 78% of total exports. Portugal and France lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Portugal (with a CAGR of +452.9%), while the other leaders experienced more modest paces of growth.

In value terms, Oman ($X), Germany ($X) and Portugal ($X) were the largest markets for insulating fittings exported from Luxembourg worldwide, together accounting for 74% of total exports.

Among the main countries of destination, Portugal, with a CAGR of +327.5%, 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 insulating fittings export price amounted to $X per ton, surging by 39% against the previous year. In general, the export price enjoyed a tangible increase. The most prominent rate of growth was recorded in 2015 when the average export price increased by 72% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Oman ($X per ton), while the average price for exports to Germany ($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 Belgium (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.

Insulating Fittings Imports

Imports into Luxembourg

After five years of growth, supplies from abroad of insulating fittings for electrical purposes decreased by -19% to X tons in 2021. Overall, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 636% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2020, and then shrank notably in the following year.

In value terms, insulating fittings imports shrank to $X in 2021. Over the period under review, imports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2016 with an increase of 288% against the previous year. Over the period under review, imports reached the peak figure at $X in 2020, and then declined in the following year.

Imports by Country

In 2021, Belgium (X tons) was the main supplier of insulating fittings to Luxembourg, accounting for a 92% share of total imports. Moreover, insulating fittings imports from Belgium exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold. The third position in this ranking was held by China (X tons), with a 1.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Belgium stood at +54.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+4.5% per year) and China (+51.9% per year).

In value terms, Belgium ($X) constituted the largest supplier of insulating fittings for electrical purposes to Luxembourg, comprising 76% of total imports. The second position in the ranking was taken by Germany ($X), with a 12% share of total imports. It was followed by China, with a 4.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Belgium totaled +49.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+2.6% per year) and China (+48.8% per year).

Import Prices by Country

The average insulating fittings import price stood at $X per ton in 2021, growing by 5.6% against the previous year. Overall, the import price, however, saw a abrupt downturn. The growth pace was the most rapid in 2015 an increase of 22%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Belgium ($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 (-1.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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