Luxembourg: Non-Electric Industrial Furnace Market 2024

Non-Electric Industrial Furnace Market Size in Luxembourg

The Luxembourg non-electric industrial furnace market dropped to $X in 2022, waning by -7.6% against the previous year. Overall, consumption saw a perceptible shrinkage. Non-electric industrial furnace consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Non-Electric Industrial Furnace Production in Luxembourg

In value terms, non-electric industrial furnace production rose modestly to $X in 2022 estimated in export price. Overall, production, however, saw a slight curtailment. The pace of growth appeared the most rapid in 2014 when the production volume increased by 101%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Non-Electric Industrial Furnace Exports

Exports from Luxembourg

In 2022, the amount of non-electric industrial or laboratory furnaces and ovens exported from Luxembourg surged to X units, increasing by 26,300% against 2021. In general, exports showed tangible growth. Over the period under review, the exports attained the peak figure at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, non-electric industrial furnace exports reduced modestly to $X in 2022. Over the period under review, exports, however, continue to indicate a significant decrease. The pace of growth was the most pronounced in 2013 when exports increased by 906%. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Belgium (X units) was the main destination for non-electric industrial furnace exports from Luxembourg, accounting for a 65% share of total exports. Moreover, non-electric industrial furnace exports to Belgium exceeded the volume sent to the second major destination, Uganda (X units), threefold. The third position in this ranking was held by the UK (X units), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Belgium amounted to +74.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uganda (0.0% per year) and the UK (-31.1% per year).

In value terms, the UK ($X), Belgium ($X) and Uganda ($X) were the largest markets for non-electric industrial furnace exported from Luxembourg worldwide, with a combined 96% share of total exports.

In terms of the main countries of destination, Belgium, with a CAGR of +8.2%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average non-electric industrial furnace export price amounted to $X per unit, dropping by -99.6% against the previous year. Over the period under review, the export price saw a dramatic shrinkage. The most prominent rate of growth was recorded in 2013 an increase of 259%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Belgium ($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 Qatar (+34.5%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Electric Industrial Furnace Imports

Imports into Luxembourg

Non-electric industrial furnace imports into Luxembourg soared to X units in 2022, with an increase of 75% against the previous year. Overall, imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of 8,291%. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, non-electric industrial furnace imports dropped to $X in 2022. Over the period under review, imports continue to indicate a slight expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 5,340% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Germany (X units) constituted the largest non-electric industrial furnace supplier to Luxembourg, with a 84% share of total imports. Moreover, non-electric industrial furnace imports from Germany exceeded the figures recorded by the second-largest supplier, France (X units), sixfold.

From 2012 to 2022, the average annual growth rate of volume from Germany stood at +25.1%.

In value terms, Germany ($X) constituted the largest supplier of non-electric industrial or laboratory furnaces and ovens to Luxembourg, comprising 83% of total imports. The second position in the ranking was held by France ($X), with a 16% share of total imports. It was followed by Belgium, with a 0.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled +23.4%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-2.4% per year) and Belgium (-37.2% per year).

Import Prices by Country

The average non-electric industrial furnace import price stood at $X per unit in 2022, reducing by -49.5% against the previous year. Over the period under review, the import price showed a abrupt decline. The most prominent rate of growth was recorded in 2016 an increase of 2,333%. As a result, import price attained the peak level of $X per unit. From 2017 to 2022, the average import prices remained 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 Belgium ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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