Luxembourg: Market for Machine-Tools For Working Any Material By Removal Of Material 2024

Market Size for Machine-Tools For Working Any Material By Removal Of Material in Luxembourg

The Luxembourg machine-tool for removing material market soared to $X in 2021, with an increase of 21% 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, however, recorded a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Exports of Machine-Tools For Working Any Material By Removal Of Material

Exports from Luxembourg

In 2021, after two years of decline, there was significant growth in overseas shipments of machine-tools for working any material by removal of material, when their volume increased by 76% to X units. In general, exports enjoyed a significant expansion. The growth pace was the most rapid in 2013 with an increase of 3,550% against the previous year. Over the period under review, the exports hit record highs at X units in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, machine-tool for removing material exports soared to $X in 2021. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 5,018% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

France (X units), Italy (X units) and Germany (X units) were the main destinations of machine-tool for removing material exports from Luxembourg, together comprising 43% of total exports. The Czech Republic, Japan, Belgium, Turkey, the Netherlands, Slovenia, Spain, Sweden, Poland and Austria lagged somewhat behind, together accounting for a further 48%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Japan (with a CAGR of +456.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for machine-tool for removing material exported from Luxembourg were France ($X), Italy ($X) and Germany ($X), together accounting for 48% of total exports.

Italy, with a CAGR of +166.4%, 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

In 2021, the average machine-tool for removing material export price amounted to $X per unit, shrinking by -10% against the previous year. Over the period under review, the export price, however, posted a resilient increase. The pace of growth appeared the most rapid in 2013 an increase of 40% against the previous year. Over the period under review, the average export prices reached the maximum 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 export markets. In 2021, amid the top suppliers, the country with the highest price was Austria ($X per unit), while the average price for exports to Japan ($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 the Netherlands (+20.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine-Tools For Working Any Material By Removal Of Material

Imports into Luxembourg

In 2021, imports of machine-tools for working any material by removal of material into Luxembourg skyrocketed to X units, jumping by 35% compared with the year before. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 409%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the near future.

In value terms, machine-tool for removing material imports declined slightly to $X in 2021. In general, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 1,332% against the previous year. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Belgium (X units) constituted the largest supplier of machine-tool for removing material to Luxembourg, with a 44% share of total imports. Moreover, machine-tool for removing material imports from Belgium exceeded the figures recorded by the second-largest supplier, France (X units), twofold. The third position in this ranking was held by Japan (X units), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from Belgium amounted to -2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-3.6% per year) and Japan (+70.8% per year).

In value terms, Japan ($X) constituted the largest supplier of machine-tools for working any material by removal of material to Luxembourg, comprising 88% of total imports. The second position in the ranking was taken by Belgium ($X), with a 4.8% share of total imports. It was followed by Germany, with a 3.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Japan amounted to +69.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-0.2% per year) and Germany (-3.8% per year).

Import Prices by Country

In 2021, the average machine-tool for removing material import price amounted to $X per unit, with a decrease of -29.6% against the previous year. In general, the import price, however, showed a prominent expansion. The pace of growth was the most pronounced in 2016 an increase of 182%. Over the period under review, average import prices hit record highs at $X per unit in 2018; however, from 2019 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, amid the top importers, the country with the highest price was Japan ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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