Luxembourg: Market for Line Pipe of Steel other than Stainless Steel for Oil or Gas Pipelines 2024

Market Size for Line Pipe of Steel other than Stainless Steel for Oil or Gas Pipelines in Luxembourg

The Luxembourg market for line pipe of steel other than stainless steel for oil or gas pipelines declined to $X in 2022, shrinking by -14.4% 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 continues to indicate a deep reduction. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Exports of Line Pipe of Steel other than Stainless Steel for Oil or Gas Pipelines

Exports from Luxembourg

In 2022, shipments abroad of line pipe of steel other than stainless steel for oil or gas pipelines increased by 23% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports saw a slight expansion. The pace of growth was the most pronounced in 2021 with an increase of 1,158% against the previous year. Over the period under review, the exports of reached the maximum at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, exports of line pipe of steel other than stainless steel for oil or gas pipelines surged to $X in 2022. Overall, exports showed prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of 754% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

France (X tons) was the main destination for exports of line pipe of steel other than stainless steel for oil or gas pipelines from Luxembourg, with a 92% share of total exports. Moreover, exports of line pipe of steel other than stainless steel for oil or gas pipelines to France exceeded the volume sent to the second major destination, Portugal (X tons), more than tenfold. Germany (X kg) ranked third in terms of total exports with a 1.6% share.

From 2012 to 2022, the average annual growth rate of volume to France totaled +56.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+378.9% per year) and Germany (-25.7% per year).

In value terms, France ($X) remains the key foreign market for line pipe of steel other than stainless steel for oil or gas pipelines exports from Luxembourg, comprising 86% of total exports. The second position in the ranking was taken by Germany ($X), with a 5.9% share of total exports. It was followed by Portugal, with a 4.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to France totaled +30.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-10.5% per year) and Portugal (+120.8% per year).

Export Prices by Country

The average export price for line pipe of steel other than stainless steel for oil or gas pipelines stood at $X per ton in 2022, with an increase of 67% against the previous year. Over the period under review, the export price enjoyed a pronounced increase. The pace of growth was the most pronounced in 2020 an increase of 260%. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Portugal ($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 Germany (+20.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Line Pipe of Steel other than Stainless Steel for Oil or Gas Pipelines

Imports into Luxembourg

In 2022, purchases abroad of line pipe of steel other than stainless steel for oil or gas pipelines decreased by -37.5% to X tons, falling for the fourth consecutive year after two years of growth. Overall, imports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 42% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of line pipe of steel other than stainless steel for oil or gas pipelines surged to $X in 2022. In general, imports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 75% against the previous year. Over the period under review, imports of attained the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Belgium (X tons), France (X tons) and Germany (X tons) were the main suppliers of imports of line pipe of steel other than stainless steel for oil or gas pipelines to Luxembourg, together comprising 99% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +61.5%), while imports for the other leaders experienced a decline.

In value terms, France ($X) constituted the largest supplier of line pipe of steel other than stainless steel for oil or gas pipelines to Luxembourg, comprising 78% of total imports. The second position in the ranking was held by Belgium ($X), with an 11% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from France amounted to +44.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-17.8% per year) and Germany (-22.2% per year).

Import Prices by Country

In 2022, the average import price for line pipe of steel other than stainless steel for oil or gas pipelines amounted to $X per ton, growing by 168% against the previous year. Overall, the import price continues to indicate a buoyant increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: 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 Germany (+5.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform