Luxembourg: Market for Machine-Tools For Working Stone, Ceramics, And Concrete 2024

Market Size for Machine-Tools For Working Stone, Ceramics, And Concrete in Luxembourg

In 2022, the Luxembourg market for machine-tools for working stone, ceramics, and concrete increased by 103% to $X, rising for the second consecutive year after three years of decline. Overall, consumption posted a resilient increase. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Production of Machine-Tools For Working Stone, Ceramics, And Concrete in Luxembourg

In value terms, machine tools for working stone production reduced dramatically to $X in 2022 estimated in export price. Over the period under review, production recorded a abrupt shrinkage. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Machine-Tools For Working Stone, Ceramics, And Concrete

Exports from Luxembourg

In 2022, shipments abroad of machine-tools for working stone, ceramics, and concrete decreased by -57.8% to X units, falling for the second consecutive year after two years of growth. Overall, exports, however, saw a resilient increase. The pace of growth was the most pronounced in 2019 with an increase of 1,935%. Over the period under review, the exports reached the maximum at X units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, machine tools for working stone exports dropped sharply to $X in 2022. In general, exports, however, posted a significant increase. The pace of growth appeared the most rapid in 2019 with an increase of 1,645% against the previous year. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Kenya (X units) was the main destination for machine tools for working stone exports from Luxembourg, accounting for a 47% share of total exports. Moreover, machine tools for working stone exports to Kenya exceeded the volume sent to the second major destination, Belgium (X units), twofold. The third position in this ranking was held by France (X units), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Kenya was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+28.9% per year) and France (-0.9% per year).

In value terms, Kenya ($X) emerged as the key foreign market for machine-tools for working stone, ceramics, and concrete exports from Luxembourg, comprising 67% of total exports. The second position in the ranking was held by Belgium ($X), with a 13% share of total exports. It was followed by Switzerland, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to Kenya was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+13.4% per year) and Switzerland (-25.1% per year).

Export Prices by Country

In 2022, the average export price for machine-tools for working stone, ceramics, and concrete amounted to $X per unit, falling by -54.6% against the previous year. In general, the export price, however, recorded a temperate expansion. The most prominent rate of growth was recorded in 2017 an increase of 83% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2021, and then declined significantly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($X per unit), while the average price for exports to France ($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 Spain (+44.9%), while the prices for the other major destinations experienced a decline.

Imports of Machine-Tools For Working Stone, Ceramics, And Concrete

Imports into Luxembourg

In 2022, overseas purchases of machine-tools for working stone, ceramics, and concrete increased by 45% to X units, rising for the third year in a row after two years of decline. In general, imports saw temperate growth. The pace of growth appeared the most rapid in 2014 when imports increased by 217%. Over the period under review, imports reached the maximum at X units in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, machine tools for working stone imports surged to $X in 2022. Overall, imports showed prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of 186%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, the United States (X units) constituted the largest machine tools for working stone supplier to Luxembourg, accounting for a 44% share of total imports. Moreover, machine tools for working stone imports from the United States exceeded the figures recorded by the second-largest supplier, Italy (X units), threefold. The third position in this ranking was held by Germany (X units), with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to +137.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-5.4% per year) and Germany (-4.4% per year).

In value terms, the United States ($X) constituted the largest supplier of machine-tools for working stone, ceramics, and concrete to Luxembourg, comprising 77% of total imports. The second position in the ranking was taken by Belgium ($X), with a 6.3% share of total imports. It was followed by Germany, with a 5.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at +150.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+1.4% per year) and Germany (+2.4% per year).

Import Prices by Country

The average import price for machine-tools for working stone, ceramics, and concrete stood at $X per unit in 2022, increasing by 68% against the previous year. In general, the import price continues to indicate strong growth. The growth pace was the most rapid in 2019 when the average import price increased by 213%. The import price peaked in 2022 and is expected to retain growth in the near future.

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 the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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