Report Update Nov 1, 2024

Luxembourg - Machines for Working Wire - Market Analysis, Forecast, Size, Trends and Insights

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Luxembourg: Working Wire Machine Market 2024

Working Wire Machine Market Size in Luxembourg

After three years of growth, the Luxembourg working wire machine market decreased by -55.5% to $X in 2021. Overall, consumption, however, posted prominent growth. As a result, consumption reached the peak level of $X, and then declined dramatically in the following year.

Working Wire Machine Production in Luxembourg

In value terms, working wire machine production totaled $X in 2021 estimated in export price. In general, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by 28% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Working Wire Machine Exports

Exports from Luxembourg

In 2020, overseas shipments of machines for working wire decreased by -85.7% to X units for the first time since 2014, thus ending a five-year rising trend. Over the period under review, exports, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2019 when exports increased by 600% against the previous year. As a result, the exports reached the peak of X units, and then fell significantly in the following year.

In value terms, working wire machine exports surged to $X in 2020. Overall, exports, however, enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X units) and Italy (X units) were the main destinations of working wire machine exports from Luxembourg.

From 2013 to 2020, the biggest increases were recorded for Germany (with a CAGR of 0.0%).

In value terms, Italy ($X) emerged as the key foreign market for machines for working wire exports from Luxembourg, comprising 99% of total exports. The second position in the ranking was taken by Germany ($X), with a 1.5% share of total exports.

From 2013 to 2020, the average annual rate of growth in terms of value to Italy was relatively modest.

Export Prices by Country

The average working wire machine export price stood at $X per unit in 2020, increasing by 5,410% against the previous year. Overall, the export price posted significant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2020, amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Germany stood at $X per unit.

From 2013 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+1,326.2%).

Working Wire Machine Imports

Imports into Luxembourg

After four years of growth, overseas purchases of machines for working wire decreased by -78% to X units in 2021. In general, imports showed a abrupt downturn. The most prominent rate of growth was recorded in 2018 with an increase of 400%. Over the period under review, imports hit record highs at X units in 2020, and then declined rapidly in the following year.

In value terms, working wire machine imports reduced markedly to $X in 2021. Overall, imports showed a sharp shrinkage. The growth pace was the most rapid in 2018 with an increase of 3,750%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, New Zealand (X units) constituted the largest working wire machine supplier to Luxembourg, with a 78% share of total imports. Moreover, working wire machine imports from New Zealand exceeded the figures recorded by the second-largest supplier, the UK (X units), sevenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from New Zealand amounted to -56.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (0.0% per year) and France (-8.3% per year).

In value terms, France ($X), New Zealand ($X) and the UK ($X) constituted the largest working wire machine suppliers to Luxembourg.

Among the main suppliers, the UK, with a CAGR of 0.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average working wire machine import price stood at $X per unit in 2021, surging by 60% against the previous year. Overall, the import price, however, faced a sharp slump. The pace of growth appeared the most rapid in 2016 when the average import price increased by 680% against the previous year. As a result, import price attained the peak level of $X per unit. From 2017 to 2021, the average import prices remained at a lower figure.

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

From 2013 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+22.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for machines for working wire in the world?

The countries with the highest volumes of working wire machine consumption in 2021 were South Africa, China and the United States, with a combined 90% share of global consumption.

What are the largest producers of machines for working wire in the world?

China constituted the country with the largest volume of working wire machine production, accounting for 74% of total volume. Moreover, working wire machine production in China exceeded the figures recorded by the second-largest producer, the United States, fivefold. The UK ranked third in terms of total production with a 1.8% share.

What are the leading suppliers of machines for working wire to Luxembourg?

In value terms, France constituted the largest supplier of working wire machine to Luxembourg.

What is the average export price for machines for working wire in Luxembourg?

The average working wire machine export price stood at $1,573 per unit in 2020, rising by 183% against the previous year.

What is the average import price for machines for working wire in Luxembourg?

The average working wire machine import price stood at $2,950 per unit in 2021, falling by -12.5% against the previous year.

This report provides an in-depth analysis of the working wire machine market in Luxembourg. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28413450 - Machines for working wire (excluding draw-benches, thread rolling machines)

Country coverage:

Luxembourg

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Luxembourg
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023