Luxembourg: Steel Plaited Band Market 2024

Steel Plaited Band Market Size in Luxembourg

In 2022, the Luxembourg steel plaited band market decreased by -39.8% to $X for the first time since 2018, thus ending a three-year rising trend. Overall, consumption showed a precipitous contraction. Steel plaited band consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Steel Plaited Band Production in Luxembourg

In value terms, steel plaited band production dropped markedly to $X in 2022 estimated in export price. In general, production saw a sharp downturn. Steel plaited band production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Steel Plaited Band Exports

Exports from Luxembourg

Steel plaited band exports from Luxembourg fell remarkably to X tons in 2022, declining by -30.3% compared with the year before. Over the period under review, exports saw a abrupt downturn. The pace of growth was the most pronounced in 2018 when exports increased by 52% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, steel plaited band exports shrank markedly to $X in 2022. Overall, exports saw a abrupt contraction. The growth pace was the most rapid in 2018 when exports increased by 53% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

France (X tons) was the main destination for steel plaited band exports from Luxembourg, with a 42% share of total exports. Moreover, steel plaited band exports to France exceeded the volume sent to the second major destination, Belgium (X tons), twofold. India (X tons) ranked third in terms of total exports with a 16% share.

From 2012 to 2022, the average annual growth rate of volume to France stood at -15.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+21.4% per year) and India (-16.2% per year).

In value terms, France ($X) remains the key foreign market for iron or steel plaited bands and slings exports from Luxembourg, comprising 35% of total exports. The second position in the ranking was held by Belgium ($X), with a 16% share of total exports. It was followed by India, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value to France amounted to -16.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+9.7% per year) and India (-16.4% per year).

Export Prices by Country

The average steel plaited band export price stood at $X per ton in 2022, growing by 11% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 18%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+1.5%), while the prices for the other major destinations experienced mixed trend patterns.

Steel Plaited Band Imports

Imports into Luxembourg

In 2022, supplies from abroad of iron or steel plaited bands and slings decreased by -38.9% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports saw a abrupt contraction. The most prominent rate of growth was recorded in 2018 with an increase of 18%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, steel plaited band imports fell to $X in 2022. Over the period under review, imports showed a abrupt downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 19% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Spain (X tons), France (X tons) and Germany (X tons) were the main suppliers of steel plaited band imports to Luxembourg, with a combined 75% share of total imports. China lagged somewhat behind, comprising a further 7.9%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +70.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest steel plaited band suppliers to Luxembourg were Germany ($X), Spain ($X) and China ($X), with a combined 72% share of total imports.

Among the main suppliers, China, with a CAGR of +72.4%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average steel plaited band import price stood at $X per ton in 2022, jumping by 52% against the previous year. Overall, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, steel plaited band import price increased by +70.5% against 2020 indices. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, 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 China ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+13.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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