Luxembourg: Cutting Blade Market 2024

Cutting Blade Market Size in Luxembourg

The Luxembourg cutting blade market surged to $X in 2021, with an increase of 158% against the previous year. In general, consumption enjoyed prominent growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Cutting Blade Production in Luxembourg

In value terms, cutting blade production dropped to $X in 2021 estimated in export price. Over the period under review, production, however, saw strong growth. The growth pace was the most rapid in 2017 with an increase of 86% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Cutting Blade Exports

Exports from Luxembourg

Cutting blade exports from Luxembourg contracted notably to X tons in 2021, declining by -52.3% compared with the year before. In general, exports continue to indicate a abrupt slump. The growth pace was the most rapid in 2014 with an increase of 87%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, cutting blade exports surged to $X in 2021. The total export value increased at an average annual rate of +3.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 37%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for cutting blade exports from Luxembourg, with a 92% share of total exports. Moreover, cutting blade exports to Germany exceeded the volume sent to the second major destination, France (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-11.6% per year) and Belgium (-27.2% per year).

In value terms, Germany ($X) remains the key foreign market for knives and cutting blades (for machines or for mechanical appliances) exports from Luxembourg, comprising 95% of total exports. The second position in the ranking was held by France ($X), with a 2.1% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Germany totaled +10.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-11.0% per year) and Belgium (-9.1% per year).

Export Prices by Country

In 2021, the average cutting blade export price amounted to $X per ton, rising by 165% against the previous year. Over the period under review, the export price enjoyed a buoyant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per ton), while the average price for exports to France ($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 (+24.9%), while the prices for the other major destinations experienced more modest paces of growth.

Cutting Blade Imports

Imports into Luxembourg

In 2021, supplies from abroad of knives and cutting blades (for machines or for mechanical appliances) was finally on the rise to reach X tons for the first time since 2016, thus ending a four-year declining trend. Over the period under review, imports, however, continue to indicate a pronounced decrease. The growth pace was the most rapid in 2016 with an increase of 67%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, cutting blade imports surged to $X in 2021. In general, imports, however, saw a deep setback. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Germany (X tons), Belgium (X tons) and France (X tons) were the main suppliers of cutting blade imports to Luxembourg, with a combined 75% share of total imports. These countries were followed by Spain, the Netherlands, India and Romania, which together accounted for a further 19%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Romania (with a CAGR of +163.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of knives and cutting blades (for machines or for mechanical appliances) to Luxembourg, comprising 55% of total imports. The second position in the ranking was taken by Belgium ($X), with a 15% share of total imports. It was followed by France, with a 6.3% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled -2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-3.1% per year) and France (+2.0% per year).

Import Prices by Country

The average cutting blade import price stood at $X per ton in 2021, waning by -6.2% against the previous year. Overall, the import price recorded a drastic downturn. The most prominent rate of growth was recorded in 2017 when the average import price increased by 66% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+1.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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