Luxembourg: Market for Machine-Tools For Working Wood 2024

Market Size for Machine-Tools For Working Wood in Luxembourg

The Luxembourg machine-tool for working wood market fell slightly to $X in 2021, which is down by -4.8% 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 showed buoyant growth. As a result, consumption reached the peak level of $X, and then dropped slightly in the following year.

Exports of Machine-Tools For Working Wood

Exports from Luxembourg

In 2021, approx. X tons of machine-tools for working wood were exported from Luxembourg; falling by -40.8% on the year before. In general, exports showed a pronounced descent. The pace of growth was the most pronounced in 2016 with an increase of 51%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, machine-tool for working wood exports surged to $X in 2021. Over the period under review, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 58%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for machine-tool for working wood exports from Luxembourg, with a 71% share of total exports. Moreover, machine-tool for working wood exports to Germany exceeded the volume sent to the second major destination, France (X tons), sixfold. The third position in this ranking was held by Belgium (X tons), with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany amounted to -4.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-7.9% per year) and Belgium (-0.8% per year).

In value terms, Germany ($X) remains the key foreign market for machine-tools for working wood exports from Luxembourg, comprising 48% of total exports. The second position in the ranking was taken by France ($X), with a 9.1% share of total exports. It was followed by Turkey, with a 4.4% share.

From 2012 to 2021, the average annual growth rate of value to Germany totaled -5.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-4.8% per year) and Turkey (+134.9% per year).

Export Prices by Country

The average machine-tool for working wood export price stood at $X per ton in 2021, growing by 110% against the previous year. Overall, export price indicated a tangible increase from 2012 to 2021: its price increased at an average annual rate of +3.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Albania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+22.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Machine-Tools For Working Wood

Imports into Luxembourg

In 2021, the amount of machine-tools for working wood imported into Luxembourg shrank to X tons, falling by -9% compared with the previous year's figure. In general, imports, however, showed a buoyant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 115%. As a result, imports reached the peak of X tons, and then fell in the following year.

In value terms, machine-tool for working wood imports reduced markedly to $X in 2021. Over the period under review, imports, however, showed notable growth. The most prominent rate of growth was recorded in 2020 when imports increased by 138% against the previous year. As a result, imports reached the peak of $X, and then contracted dramatically in the following year.

Imports by Country

Taiwan (Chinese) (X tons), Germany (X tons) and Belgium (X tons) were the main suppliers of machine-tool for working wood imports to Luxembourg, together accounting for 90% of total imports. Italy, France, Austria and China lagged somewhat behind, together accounting for a further 8.2%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +29.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X), Germany ($X) and Belgium ($X) were the largest machine-tool for working wood suppliers to Luxembourg, with a combined 90% share of total imports.

Taiwan (Chinese), with a CAGR of +16.7%, recorded the highest growth rate of 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

The average machine-tool for working wood import price stood at $X per ton in 2021, shrinking by -6.8% against the previous year. Over the period under review, the import price saw a slight shrinkage. The pace of growth was the most pronounced in 2018 when the average import price increased by 17%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Italy ($X per ton) and Belgium ($X per ton), while the price for China ($X per ton) and Austria ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (-1.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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