Luxembourg: Market for Mechanical Appliances For Projecting, Dispersing Or Spraying 2024

Market Size for Mechanical Appliances For Projecting, Dispersing Or Spraying in Luxembourg

The Luxembourg market for mechanical appliances for projecting, dispersing or spraying contracted dramatically to $X in 2022, with a decrease of -15.2% against the previous year. Overall, consumption, however, recorded a prominent increase. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Production of Mechanical Appliances For Projecting, Dispersing Or Spraying in Luxembourg

In value terms, production of mechanical appliances for projecting, dispersing or spraying reduced markedly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a sharp reduction. The most prominent rate of growth was recorded in 2014 with a decrease of -25.5%. Over the period under review, production of attained the maximum level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Exports of Mechanical Appliances For Projecting, Dispersing Or Spraying

Exports from Luxembourg

In 2022, shipments abroad of mechanical appliances for projecting, dispersing or spraying increased by 18% to X units, rising for the second consecutive year after two years of decline. In general, total exports indicated a tangible increase from 2012 to 2022: its volume increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +45.0% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 44% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, exports of mechanical appliances for projecting, dispersing or spraying stood at $X in 2022. The total export value increased at an average annual rate of +3.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of 31% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

Poland (X units), the UK (X units) and Germany (X units) were the main destinations of exports of mechanical appliances for projecting, dispersing or spraying from Luxembourg, together accounting for 48% of total exports. The Netherlands, Italy, Spain, France, Turkey, Belgium, Sweden and Russia lagged somewhat behind, together comprising a further 43%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +29.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Germany ($X) and the Netherlands ($X) constituted the largest markets for mechanical appliances for projecting, dispersing or spraying exported from Luxembourg worldwide, together accounting for 50% of total exports. Italy, the UK, Spain, France, Turkey, Russia, Belgium and Sweden lagged somewhat behind, together comprising a further 37%.

Turkey, with a CAGR of +25.8%, recorded the highest rates of growth with regard to 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

The average export price for mechanical appliances for projecting, dispersing or spraying stood at $X per unit in 2022, with a decrease of -8.7% against the previous year. Overall, the export price recorded a slight decrease. The most prominent rate of growth was recorded in 2015 when the average export price increased by 5.8% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to the UK ($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 Russia (+4.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Mechanical Appliances For Projecting, Dispersing Or Spraying

Imports into Luxembourg

In 2022, the amount of mechanical appliances for projecting, dispersing or spraying imported into Luxembourg rose remarkably to X units, increasing by 11% against the previous year's figure. Over the period under review, total imports indicated a tangible expansion from 2012 to 2022: its volume increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +63.6% against 2015 indices. The most prominent rate of growth was recorded in 2018 with an increase of 27% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, imports of mechanical appliances for projecting, dispersing or spraying surged to $X in 2022. In general, total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +49.2% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 28%. Over the period under review, imports of reached the peak figure in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, the United States (X units) constituted the largest mechanical appliances for projecting, dispersing or spraying supplier to Luxembourg, accounting for a 75% share of total imports. Moreover, imports of mechanical appliances for projecting, dispersing or spraying from the United States exceeded the figures recorded by the second-largest supplier, Germany (X units), ninefold. The third position in this ranking was taken by Belgium (X units), with a 5.6% share.

From 2012 to 2022, the average annual growth rate of volume from the United States totaled +4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+5.7% per year) and Belgium (+1.0% per year).

In value terms, the United States ($X) constituted the largest supplier of mechanical appliances for projecting, dispersing or spraying to Luxembourg, comprising 87% of total imports. The second position in the ranking was held by Germany ($X), with a 6.6% share of total imports. It was followed by Belgium, with a 3.2% share.

From 2012 to 2022, the average annual growth rate of value from the United States totaled +6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+9.3% per year) and Belgium (-2.5% per year).

Import Prices by Country

The average import price for mechanical appliances for projecting, dispersing or spraying stood at $X per unit in 2022, with an increase of 4.9% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The pace of growth appeared the most rapid in 2021 when the average import price increased by 30%. The import price peaked at $X per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

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 ($X per unit), while the price for Poland ($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 (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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