Luxembourg: Market for Non-Electronic Hydro-, Hygro-, Psychrometers 2025

Market Size for Non-Electronic Hydro-, Hygro-, Psychrometers in Luxembourg

The Luxembourg non-electronic hydro- and hygrometers market rose markedly to $X in 2021, surging by 6.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, continues to indicate a strong increase. Non-electronic hydro- and hygrometers consumption peaked in 2021 and is expected to retain growth in the near future.

Exports of Non-Electronic Hydro-, Hygro-, Psychrometers

Exports from Luxembourg

In 2021, non-electronic hydro- and hygrometers exports from Luxembourg skyrocketed to X units, surging by 100% against the previous year. Over the period under review, exports showed a buoyant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 138% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, non-electronic hydro- and hygrometers exports soared to $X in 2021. In general, exports posted a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 307%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the near future.

Exports by Country

Belgium (X units) was the main destination for non-electronic hydro- and hygrometers exports from Luxembourg, accounting for a 69% share of total exports. Moreover, non-electronic hydro- and hygrometers exports to Belgium exceeded the volume sent to the second major destination, China (X units), ninefold. The third position in this ranking was taken by Turkey (X units), with a 6.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Belgium totaled +19.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+16.0% per year) and Turkey (+75.9% per year).

In value terms, Turkey ($X) emerged as the key foreign market for non-electronic hydro-, hygro-, psychrometers exports from Luxembourg, comprising 48% of total exports. The second position in the ranking was held by Belgium ($X), with a 23% share of total exports. It was followed by France, with a 3.7% share.

From 2012 to 2021, the average annual growth rate of value to Turkey totaled +93.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+26.7% per year) and France (+20.1% per year).

Export Prices by Country

The average non-electronic hydro- and hygrometers export price stood at $X per unit in 2021, surging by 26% against the previous year. Over the period under review, the export price enjoyed a prominent increase. The growth pace was the most rapid in 2015 when the average export price increased by 236% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Turkey ($X per unit), while the average price for exports to China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+141.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Electronic Hydro-, Hygro-, Psychrometers

Imports into Luxembourg

Non-electronic hydro- and hygrometers imports into Luxembourg was estimated at X units in 2021, increasing by 2.5% against the year before. In general, imports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2019 with an increase of 60%. Over the period under review, imports reached the peak figure in 2021 and are likely to see steady growth in the near future.

In value terms, non-electronic hydro- and hygrometers imports soared to $X in 2021. Overall, imports recorded buoyant growth. The most prominent rate of growth was recorded in 2020 with an increase of 58%. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of non-electronic hydro- and hygrometers to Luxembourg, accounting for a 50% share of total imports. Moreover, non-electronic hydro- and hygrometers imports from Germany exceeded the figures recorded by the second-largest supplier, France (X units), twofold. The third position in this ranking was taken by Poland (X units), with a 5.7% share.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to +11.5%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+24.4% per year) and Poland (+63.2% per year).

In value terms, Germany ($X) constituted the largest supplier of non-electronic hydro-, hygro-, psychrometers to Luxembourg, comprising 39% of total imports. The second position in the ranking was taken by France ($X), with a 19% share of total imports. It was followed by Belgium, with a 9.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled +1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+19.8% per year) and Belgium (+7.4% per year).

Import Prices by Country

The average non-electronic hydro- and hygrometers import price stood at $X per unit in 2021, picking up by 13% against the previous year. Over the period under review, the import price, however, saw a deep setback. The pace of growth was the most pronounced in 2020 when the average import price increased by 14%. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :