Luxembourg: Market for Multiple-Walled Insulating Units Of Glass 2024

Market Size for Multiple-Walled Insulating Units Of Glass in Luxembourg

In 2021, the Luxembourg multiple-walled insulating glass unit market decreased by -4.7% to $X, falling for the second year in a row after four years of growth. In general, consumption, however, showed a relatively flat trend pattern. 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.

Exports of Multiple-Walled Insulating Units Of Glass

Exports from Luxembourg

Multiple-walled insulating glass unit exports from Luxembourg surged to X square meters in 2021, jumping by 115% against 2020. In general, exports posted a prominent increase. The most prominent rate of growth was recorded in 2019 when exports increased by 307% against the previous year. Over the period under review, the exports hit record highs at X square meters in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, multiple-walled insulating glass unit exports surged to $X in 2021. Overall, exports showed a remarkable increase. The growth pace was the most rapid in 2019 with an increase of 323% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Belgium (X square meters) was the main destination for multiple-walled insulating glass unit exports from Luxembourg, with a 63% share of total exports. Moreover, multiple-walled insulating glass unit exports to Belgium exceeded the volume sent to the second major destination, Germany (X square meters), threefold. France (X square meters) ranked third in terms of total exports with a 9.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Belgium totaled +9.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+34.6% per year) and France (+48.0% per year).

In value terms, Belgium ($X) emerged as the key foreign market for multiple-walled insulating units of glass exports from Luxembourg, comprising 59% of total exports. The second position in the ranking was taken by Germany ($X), with a 25% share of total exports. It was followed by France, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Belgium totaled +8.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+34.3% per year) and France (+51.0% per year).

Export Prices by Country

The average multiple-walled insulating glass unit export price stood at $X per square meter in 2021, which is down by -16.5% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average export price increased by 14% against the previous year. Over the period under review, the average export prices hit record highs at $X per square meter in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the countries with the highest prices were France ($X per square meter) and Norway ($X per square meter), while the average price for exports to Belgium ($X per square meter) and Germany ($X per square meter) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+2.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Multiple-Walled Insulating Units Of Glass

Imports into Luxembourg

In 2021, purchases abroad of multiple-walled insulating units of glass decreased by -7.3% to X square meters, falling for the second year in a row after four years of growth. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 29% against the previous year. Over the period under review, imports attained the maximum at X square meters in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, multiple-walled insulating glass unit imports contracted modestly to $X in 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 32%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X square meters), Belgium (X square meters) and France (X square meters) were the main suppliers of multiple-walled insulating glass unit imports to Luxembourg, together accounting for 87% of total imports. These countries were followed by Spain, Italy, Switzerland and the Netherlands, which together accounted for a further 9.8%.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +110.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Belgium ($X) and France ($X) constituted the largest multiple-walled insulating glass unit suppliers to Luxembourg, together comprising 87% of total imports. These countries were followed by Spain, Italy, Switzerland and the Netherlands, which together accounted for a further 8.9%.

Among the main suppliers, Spain, with a CAGR of +103.9%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average multiple-walled insulating glass unit import price amounted to $X per square meter, increasing by 6.5% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per square meter in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Belgium ($X per square meter) and France ($X per square meter), while the price for the Netherlands ($X per square meter) and Spain ($X per square meter) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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