Report Update Nov 1, 2024

Luxembourg - Multimeters - Market Analysis, Forecast, Size, Trends and Insights

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Luxembourg: Multimeter Market 2024

Multimeter Market Size in Luxembourg

In 2022, after two years of decline, there was significant growth in the Luxembourg multimeter market, when its value increased by 5.1% to $X. Overall, consumption, however, saw a strong increase. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Multimeter Exports

Exports from Luxembourg

Multimeter exports from Luxembourg skyrocketed to X units in 2022, growing by 77% on the year before. Overall, exports, however, saw a abrupt descent. The growth pace was the most rapid in 2015 with an increase of 78%. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, multimeter exports skyrocketed to $X in 2022. In general, exports recorded a perceptible increase. The growth pace was the most rapid in 2018 when exports increased by 87%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

France (X units) was the main destination for multimeter exports from Luxembourg, accounting for a 34% share of total exports. Moreover, multimeter exports to France exceeded the volume sent to the second major destination, Belgium (X units), twofold. Romania (X units) ranked third in terms of total exports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to France stood at -15.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+2.2% per year) and Romania (+53.3% per year).

In value terms, the largest markets for multimeter exported from Luxembourg were France ($X), Saudi Arabia ($X) and the United Arab Emirates ($X), with a combined 39% share of total exports. Belgium, Germany, the UK, the Netherlands, the United States, Norway, Romania, China and Israel lagged somewhat behind, together comprising a further 43%.

In terms of the main countries of destination, Norway, with a CAGR of +135.7%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average multimeter export price amounted to $X per unit, waning by -8.1% against the previous year. Over the period under review, the export price, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by 121%. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Israel ($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 the UK (+28.9%), while the prices for the other major destinations experienced more modest paces of growth.

Multimeter Imports

Imports into Luxembourg

In 2022, purchases abroad of multimeters decreased by -12.7% to X units, falling for the second consecutive year after three years of growth. In general, imports, however, posted a resilient expansion. The pace of growth was the most pronounced in 2013 with an increase of 83%. Imports peaked at X units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, multimeter imports surged to $X in 2022. Over the period under review, imports, however, showed a noticeable expansion. The pace of growth was the most pronounced in 2019 when imports increased by 93% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The United States (X units), Germany (X units) and Belgium (X units) were the main suppliers of multimeter imports to Luxembourg, with a combined 69% share of total imports. Italy, China, France, the Netherlands and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 27%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +61.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of multimeters to Luxembourg, comprising 39% of total imports. The second position in the ranking was held by Belgium ($X), with a 14% share of total imports. It was followed by Germany, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from the United States stood at +33.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-2.6% per year) and Germany (+2.5% per year).

Import Prices by Country

In 2022, the average multimeter import price amounted to $X per unit, jumping by 54% against the previous year. Overall, the import price, however, showed a slight setback. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 Netherlands ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for multimeters in the world?

The countries with the highest volumes of multimeter consumption in 2020 were Hong Kong SAR, China and the U.S., with a combined 53% share of global consumption.

What are the largest producers of multimeters in the world?

The country with the largest volume of multimeter production was China, comprising approx. 36% of total volume. Moreover, multimeter production in China exceeded the figures recorded by the second-largest producer, the U.S., twofold. The third position in this ranking was occupied by India, with a 7.6% share.

What are the leading suppliers of multimeters to Luxembourg?

In value terms, the U.S. and Taiwan Chinese) constituted the largest multimeter suppliers to Luxembourg.

What are the leading importers of multimeters from Luxembourg?

In value terms, France remains the key foreign market for multimeter exports from Luxembourg, comprising 39% of total exports. The second position in the ranking was occupied by Belgium, with a 8.1% share of total exports. It was followed by Australia, with a 1.8% share.

What is the average export price for multimeters in Luxembourg?

The average multimeter export price stood at $381 per unit in 2017, reducing by -21.5% against the previous year.

What is the average import price for multimeters in Luxembourg?

In 2019, the average multimeter import price amounted to $813 per unit, rising by 3.7% against the previous year.

This report provides an in-depth analysis of the multimeter 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 26514310 - Multimeters

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