Luxembourg: Monophenols Market 2024

Monophenols Market Size in Luxembourg

The Luxembourg monophenols market rose rapidly to $X in 2021, surging by 14% against the previous year. The market value increased at an average annual rate of +4.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Monophenols Production in Luxembourg

In value terms, monophenols production soared to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Monophenols production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Monophenols Exports

Exports from Luxembourg

Monophenols exports from Luxembourg soared to X kg in 2019, jumping by 29% against 2018 figures. In general, exports, however, continue to indicate a abrupt downturn. The growth pace was the most rapid in 2013 with an increase of 1,340%. As a result, the exports reached the peak of X tons. From 2014 to 2019, the growth of the exports remained at a lower figure.

In value terms, monophenols exports reduced remarkably to $X in 2019. Overall, exports, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2013 with an increase of 1,128%. As a result, the exports reached the peak of $X. From 2014 to 2019, the growth of the exports failed to regain momentum.

Exports by Country

The Netherlands (X kg) was the main destination for monophenols exports from Luxembourg, accounting for a 94% share of total exports. Moreover, monophenols exports to the Netherlands exceeded the volume sent to the second major destination, Belgium (X kg), more than tenfold.

From 2012 to 2019, the average annual growth rate of volume to the Netherlands amounted to -9.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+37.9% per year) and Oman (-94.5% per year).

In value terms, the Netherlands ($X) emerged as the key foreign market for monophenols exports from Luxembourg, comprising 76% of total exports. The second position in the ranking was held by Oman ($X), with an 11% share of total exports.

From 2012 to 2019, the average annual rate of growth in terms of value to the Netherlands amounted to -11.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (-89.7% per year) and Belgium (+26.3% per year).

Export Prices by Country

In 2019, the average monophenols export price amounted to $X per ton, falling by -45.9% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 404% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2019, the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Oman ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+89.8%), while the prices for the other major destinations experienced a decline.

Monophenols Imports

Imports into Luxembourg

In 2021, approx. X kg of monophenols were imported into Luxembourg; rising by 236% on the previous year's figure. In general, imports, however, continue to indicate a sharp descent. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, monophenols imports surged to $X in 2021. Overall, imports, however, continue to indicate a dramatic decline. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Belgium (X kg) constituted the largest supplier of monophenols to Luxembourg, with a 81% share of total imports. Moreover, monophenols imports from Belgium exceeded the figures recorded by the second-largest supplier, France (X kg), fivefold.

From 2012 to 2021, the average annual growth rate of volume from Belgium totaled +2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+0.4% per year) and Germany (-39.6% per year).

In value terms, Belgium ($X) constituted the largest supplier of monophenols to Luxembourg, comprising 74% of total imports. The second position in the ranking was taken by France ($X), with a 23% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Belgium totaled -1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+15.1% per year) and Germany (-24.6% per year).

Import Prices by Country

In 2021, the average monophenols import price amounted to $X per ton, falling by -38% against the previous year. In general, the import price, however, showed significant growth. The pace of growth was the most pronounced in 2013 when the average import price increased by 758%. Over the period under review, average import prices reached the peak figure at $X per ton in 2020, and then reduced remarkably in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+24.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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