Luxembourg: Market for Machine Tools For Working Metal 2024

Market Size for Machine Tools For Working Metal in Luxembourg

The Luxembourg machine-tool for working metal market dropped to $X in 2021, which is down by -13.7% 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 saw a noticeable slump. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Exports of Machine Tools For Working Metal

Exports from Luxembourg

In 2021, machine-tool for working metal exports from Luxembourg contracted remarkably to X units, which is down by -80.5% against the year before. Over the period under review, exports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of 618% against the previous year. As a result, the exports reached the peak of X units, and then shrank remarkably in the following year.

In value terms, machine-tool for working metal exports shrank sharply to $X in 2021. Overall, exports, however, posted a pronounced increase. The most prominent rate of growth was recorded in 2020 when exports increased by 785%. As a result, the exports reached the peak of $X, and then contracted rapidly in the following year.

Exports by Country

Turkey (X units), Belgium (X units) and India (X units) were the main destinations of machine-tool for working metal exports from Luxembourg, together comprising 54% of total exports.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +64.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for machine-tool for working metal exported from Luxembourg were Turkey ($X), Belgium ($X) and India ($X), together accounting for 64% of total exports.

Turkey, with a CAGR of +168.8%, recorded the highest rates of growth with regard to the value of exports, in terms of 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 working metal export price amounted to $X per unit, surging by 2.7% against the previous year. In general, the export price, however, showed a perceptible downturn. The growth pace was the most rapid in 2018 an increase of 107%. As a result, the export price reached the peak level of $X per unit. From 2019 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per unit), while the average price for exports to Mexico ($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 Czech Republic (+21.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine Tools For Working Metal

Imports into Luxembourg

In 2021, approx. X units of machine tools for working metal were imported into Luxembourg; falling by -51% against the previous year. Overall, imports continue to indicate a abrupt slump. The growth pace was the most rapid in 2020 with an increase of 64%. Imports peaked at X units in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, machine-tool for working metal imports dropped notably to $X in 2021. In general, imports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of 128% against the previous year. As a result, imports reached the peak of $X, and then contracted dramatically in the following year.

Imports by Country

In 2021, France (X units) constituted the largest machine-tool for working metal supplier to Luxembourg, accounting for a 35% share of total imports. Moreover, machine-tool for working metal imports from France exceeded the figures recorded by the second-largest supplier, Belgium (X units), twofold. Germany (X units) ranked third in terms of total imports with a 16% share.

From 2012 to 2021, the average annual growth rate of volume from France stood at +9.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-20.7% per year) and Germany (-18.3% per year).

In value terms, France ($X), Germany ($X) and Belgium ($X) constituted the largest machine-tool for working metal suppliers to Luxembourg, together accounting for 65% of total imports. These countries were followed by Italy, the UK, the Netherlands, Portugal and Austria, which together accounted for a further 27%.

Portugal, with a CAGR of +682.1%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average machine-tool for working metal import price amounted to $X per unit, growing by 50% against the previous year. In general, the import price continues to indicate a significant increase. The pace of growth was the most pronounced in 2017 an increase of 119%. The import price peaked in 2021 and is likely to see gradual growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Portugal (+104.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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