Luxembourg: Isolating Switch Market 2024

Isolating Switch Market Size in Luxembourg

The Luxembourg isolating switch market contracted dramatically to $X in 2022, dropping by -46.7% 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, consumption saw a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Isolating Switch Exports

Exports from Luxembourg

In 2022, approx. X units of isolating switches & make-and-break switches were exported from Luxembourg; waning by -53.3% against the previous year. Over the period under review, exports, however, posted prominent growth. The pace of growth appeared the most rapid in 2017 with an increase of 691% against the previous year. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, isolating switch exports reduced notably to $X in 2022. Overall, exports, however, posted a prominent increase. The pace of growth appeared the most rapid in 2017 when exports increased by 595%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X units) was the main destination for isolating switch exports from Luxembourg, with a 58% share of total exports. Moreover, isolating switch exports to China exceeded the volume sent to the second major destination, Germany (X units), twofold. Belgium (X units) ranked third in terms of total exports with a 5.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China amounted to +39.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+66.6% per year) and Belgium (+13.9% per year).

In value terms, Germany ($X) remains the key foreign market for isolating switches & make-and-break switches exports from Luxembourg, comprising 46% of total exports. The second position in the ranking was held by China ($X), with a 17% share of total exports. It was followed by Belgium, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany stood at +62.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+34.4% per year) and Belgium (+16.9% per year).

Export Prices by Country

In 2022, the average isolating switch export price amounted to $X per unit, dropping by -33.5% against the previous year. Overall, the export price continues to indicate a slight setback. The most prominent rate of growth was recorded in 2018 when the average export price increased by 103%. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+22.6%), while the prices for the other major destinations experienced mixed trend patterns.

Isolating Switch Imports

Imports into Luxembourg

In 2022, approx. X units of isolating switches & make-and-break switches were imported into Luxembourg; waning by -51.1% compared with 2021. In general, imports, however, continue to indicate a measured expansion. The pace of growth appeared the most rapid in 2013 with an increase of 162% against the previous year. Over the period under review, imports hit record highs at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, isolating switch imports fell significantly to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 177% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

France (X units), Germany (X units) and Switzerland (X units) were the main suppliers of isolating switch imports to Luxembourg, with a combined 77% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Switzerland (with a CAGR of +107.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest isolating switch suppliers to Luxembourg were Germany ($X), France ($X) and Switzerland ($X), together comprising 85% of total imports.

In terms of the main suppliers, Switzerland, with a CAGR of +110.4%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average isolating switch import price stood at $X per unit in 2022, surging by 12% against the previous year. In general, the import price, however, continues to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2016 an increase of 40% against the previous year. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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 Germany ($X per unit), while the price for Belgium ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+4.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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