Luxembourg: Natural Polymers Market 2024

Natural Polymers Market Size in Luxembourg

In 2021, after two years of decline, there was growth in the Luxembourg natural polymers market, when its value increased by 0.4% to $X. In general, consumption showed a perceptible curtailment. Natural polymers consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Natural Polymers Production in Luxembourg

In value terms, natural polymers production rose to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2018 when the production volume increased by 27% against the previous year. Natural polymers production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Natural Polymers Exports

Exports from Luxembourg

In 2021, after two years of decline, there was significant growth in shipments abroad of natural and modified natural polymers in primary forms, when their volume increased by 167% to X tons. Overall, exports showed significant growth. The pace of growth appeared the most rapid in 2013 with an increase of 1,107,500%. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, natural polymers exports soared to $X in 2021. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 132,486% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X tons), Azerbaijan (X kg) and Belgium (X kg) were the main destinations of natural polymers exports from Luxembourg, with a combined 99% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Azerbaijan (with a CAGR of 0.0%), while shipments for the other leaders experienced a decline.

In value terms, Azerbaijan ($X) emerged as the key foreign market for natural and modified natural polymers in primary forms exports from Luxembourg, comprising 75% of total exports. The second position in the ranking was taken by Germany ($X), with a 21% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Azerbaijan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-9.7% per year) and Belgium (-45.2% per year).

Export Prices by Country

The average natural polymers export price stood at $X per ton in 2021, rising by 82% against the previous year. Overall, the export price, however, recorded a perceptible downturn. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Azerbaijan ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+25.0%), while the prices for the other major destinations experienced more modest paces of growth.

Natural Polymers Imports

Imports into Luxembourg

After four years of growth, purchases abroad of natural and modified natural polymers in primary forms decreased by -3.1% to X tons in 2021. Over the period under review, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 165%. Imports peaked at X tons in 2020, and then shrank slightly in the following year.

In value terms, natural polymers imports surged to $X in 2021. Overall, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 113%. Over the period under review, imports attained the peak figure in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of natural polymers to Luxembourg, accounting for a 67% share of total imports. Moreover, natural polymers imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), sevenfold. France (X tons) ranked third in terms of total imports with a 9.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to +25.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+145.4% per year) and France (+28.3% per year).

In value terms, the largest natural polymers suppliers to Luxembourg were the United States ($X), Germany ($X) and Belgium ($X), with a combined 85% share of total imports. These countries were followed by the Netherlands and France, which together accounted for a further 11%.

The Netherlands, with a CAGR of +118.6%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average natural polymers import price stood at $X per ton in 2021, rising by 38% against the previous year. In general, the import price, however, showed a slight decrease. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+14.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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