Luxembourg: Metal Spring Washer Market 2024

Metal Spring Washer Market Size in Luxembourg

The Luxembourg metal spring washer market surged to $X in 2022, jumping by 45% 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). Overall, consumption showed a prominent expansion. Metal spring washer consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Metal Spring Washer Exports

Exports from Luxembourg

In 2022, the amount of iron or steel spring washers exported from Luxembourg surged to X tons, rising by 132% compared with the previous year's figure. In general, exports, however, continue to indicate a pronounced setback. The most prominent rate of growth was recorded in 2020 when exports increased by 190% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, metal spring washer exports skyrocketed to $X in 2022. Overall, exports continue to indicate a modest expansion. The most prominent rate of growth was recorded in 2020 with an increase of 271% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

France (X tons) was the main destination for metal spring washer exports from Luxembourg, with a 50% share of total exports. Moreover, metal spring washer exports to France exceeded the volume sent to the second major destination, Spain (X kg), sevenfold. The third position in this ranking was taken by Germany (X kg), with a 6.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to France stood at -8.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+97.1% per year) and Germany (+25.6% per year).

In value terms, France ($X) emerged as the key foreign market for iron or steel spring washers exports from Luxembourg, comprising 33% of total exports. The second position in the ranking was taken by Germany ($X), with a 15% share of total exports. It was followed by Spain, with a 5.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to France stood at -8.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+39.7% per year) and Spain (+124.0% per year).

Export Prices by Country

The average metal spring washer export price stood at $X per ton in 2022, falling by -28.3% against the previous year. Over the period under review, the export price, however, enjoyed prominent growth. The pace of growth was the most pronounced in 2014 when the average export price increased by 125% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to the United Arab Emirates ($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 Italy (+34.5%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Spring Washer Imports

Imports into Luxembourg

Metal spring washer imports into Luxembourg surged to X tons in 2022, rising by 18% on 2021. In general, imports continue to indicate a prominent increase. The pace of growth was the most pronounced in 2018 when imports increased by 157%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, metal spring washer imports soared to $X in 2022. Overall, imports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2016 with an increase of 314% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Belgium (X tons), China (X tons) and Germany (X tons) were the main suppliers of metal spring washer imports to Luxembourg, together accounting for 84% of total imports. Malaysia, Italy and France lagged somewhat behind, together comprising a further 15%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of +153.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of iron or steel spring washers to Luxembourg, comprising 37% of total imports. The second position in the ranking was held by Germany ($X), with a 17% share of total imports. It was followed by France, with a 16% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +76.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-3.4% per year) and France (+29.0% per year).

Import Prices by Country

In 2022, the average metal spring washer import price amounted to $X per ton, growing by 78% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average import price increased by 99%. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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