Luxembourg: Liquid Supply Meter Market 2024

Liquid Supply Meter Market Size in Luxembourg

In 2021, the Luxembourg liquid supply meter market decreased by -36.6% to $X for the first time since 2016, thus ending a four-year rising trend. Over the period under review, consumption continues to indicate a noticeable setback. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Liquid Supply Meter Exports

Exports from Luxembourg

In 2021, the amount of liquid supply or production meters exported from Luxembourg shrank significantly to X units, which is down by -93.4% against the previous year's figure. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 5,373%. As a result, the exports attained the peak of X units, and then declined sharply in the following year.

In value terms, liquid supply meter exports shrank significantly to $X in 2021. Overall, exports, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2020 when exports increased by 435% against the previous year. As a result, the exports reached the peak of $X, and then declined remarkably in the following year.

Exports by Country

Germany (X units) was the main destination for liquid supply meter exports from Luxembourg, accounting for a 51% share of total exports. Moreover, liquid supply meter exports to Germany exceeded the volume sent to the second major destination, France (X units), fourfold. Spain (X units) ranked third in terms of total exports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany stood at +5.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-2.3% per year) and Spain (0.0% per year).

In value terms, Italy ($X), France ($X) and Ireland ($X) were the largest markets for liquid supply meter exported from Luxembourg worldwide, with a combined 61% share of total exports. These countries were followed by Switzerland, Spain, Belgium, Poland and Germany, which together accounted for a further 30%.

Switzerland, with a CAGR of +245.1%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average liquid supply meter export price stood at $X per unit in 2021, with an increase of 846% against the previous year. Over the period under review, the export price showed strong growth. Over the period under review, the average export prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Germany ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+176.4%), while the prices for the other major destinations experienced more modest paces of growth.

Liquid Supply Meter Imports

Imports into Luxembourg

In 2021, after four years of growth, there was significant decline in overseas purchases of liquid supply or production meters, when their volume decreased by -36% to X units. Overall, imports saw a deep contraction. The pace of growth was the most pronounced in 2013 when imports increased by 48% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, liquid supply meter imports shrank rapidly to $X in 2021. In general, imports, however, saw a modest increase. The most prominent rate of growth was recorded in 2017 when imports increased by 42% against the previous year. Imports peaked at $X in 2020, and then contracted notably in the following year.

Imports by Country

In 2021, Germany (X units) constituted the largest liquid supply meter supplier to Luxembourg, with a 85% share of total imports. Moreover, liquid supply meter imports from Germany exceeded the figures recorded by the second-largest supplier, Switzerland (X units), tenfold. The third position in this ranking was taken by France (X units), with a 4.9% share.

From 2012 to 2021, the average annual growth rate of volume from Germany stood at -9.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+113.2% per year) and France (+24.1% per year).

In value terms, Germany ($X) constituted the largest supplier of liquid supply or production meters to Luxembourg, comprising 60% of total imports. The second position in the ranking was taken by France ($X), with an 18% share of total imports. It was followed by Switzerland, with an 18% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to -2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+17.6% per year) and Switzerland (+87.1% per year).

Import Prices by Country

The average liquid supply meter import price stood at $X per unit in 2021, shrinking by -24.9% against the previous year. Over the period under review, the import price, however, recorded prominent growth. The most prominent rate of growth was recorded in 2016 an increase of 85%. Over the period under review, average import prices hit record highs at $X per unit in 2020, and then declined rapidly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+7.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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