Luxembourg: Loading Machinery Market 2024

Loading Machinery Market Size in Luxembourg

The Luxembourg loading machinery market was estimated at $X in 2022, picking up by 2.5% against the previous year. Overall, consumption posted a prominent expansion. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Loading Machinery Production in Luxembourg

In value terms, loading machinery production soared to $X in 2022 estimated in export price. In general, production, however, enjoyed strong growth. The pace of growth appeared the most rapid in 2018 with an increase of 1,049% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Loading Machinery Exports

Exports from Luxembourg

In 2022, exports of lifting, handling, loading or unloading machinery from Luxembourg declined to X units, with a decrease of -11.7% compared with 2021. In general, exports, however, posted significant growth. The pace of growth was the most pronounced in 2016 when exports increased by 430% against the previous year. The exports peaked at X units in 2021, and then declined in the following year.

In value terms, loading machinery exports expanded rapidly to $X in 2022. Overall, exports, however, posted significant growth. The pace of growth appeared the most rapid in 2016 with an increase of 586%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the near future.

Exports by Country

Germany (X units), Italy (X units) and France (X units) were the main destinations of loading machinery exports from Luxembourg, together accounting for 73% of total exports. These countries were followed by Spain, Belgium, the Netherlands and Poland, which together accounted for a further 17%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +96.4%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and France ($X) constituted the largest markets for loading machinery exported from Luxembourg worldwide, together accounting for 67% of total exports. Spain, Belgium, the Netherlands, Poland and Brazil lagged somewhat behind, together comprising a further 19%.

Among the main countries of destination, Spain, with a CAGR of +103.9%, 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 2022, the average loading machinery export price amounted to $X per unit, with an increase of 25% against the previous year. In general, export price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 when the average export price increased by 59% against the previous year. The export price peaked in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($X per unit), while the average price for exports to Germany ($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 Poland (+27.9%), while the prices for the other major destinations experienced more modest paces of growth.

Loading Machinery Imports

Imports into Luxembourg

In 2022, overseas purchases of lifting, handling, loading or unloading machinery were finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. In general, imports saw significant growth. The most prominent rate of growth was recorded in 2016 with an increase of 325% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, loading machinery imports expanded rapidly to $X in 2022. Over the period under review, imports saw significant growth. The most prominent rate of growth was recorded in 2016 with an increase of 554% against the previous year. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Japan (X units) constituted the largest supplier of loading machinery to Luxembourg, accounting for a 78% share of total imports. Moreover, loading machinery imports from Japan exceeded the figures recorded by the second-largest supplier, Germany (X units), eightfold. The third position in this ranking was taken by France (X units), with a 4.4% share.

From 2012 to 2022, the average annual growth rate of volume from Japan totaled +56.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+5.4% per year) and France (+22.2% per year).

In value terms, Japan ($X) constituted the largest supplier of lifting, handling, loading or unloading machinery to Luxembourg, comprising 93% of total imports. The second position in the ranking was taken by Germany ($X), with a 2.3% share of total imports. It was followed by France, with a 1.5% share.

From 2012 to 2022, the average annual growth rate of value from Japan totaled +191.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+8.8% per year) and France (+16.0% per year).

Import Prices by Country

In 2022, the average loading machinery import price amounted to $X per unit, approximately reflecting the previous year. Over the period under review, the import price recorded strong growth. The pace of growth appeared the most rapid in 2015 an increase of 76% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2020; however, from 2021 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 Japan ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+6.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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