Luxembourg: Market for Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases 2024

Market Size for Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases in Luxembourg

The Luxembourg market for non-electronic instruments for measuring or checking variables of liquids or gases soared to $X in 2021, rising by 62% 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). Overall, consumption continues to indicate a buoyant expansion. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Exports of Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases

Exports from Luxembourg

After two years of decline, overseas shipments of non-electronic instruments for measuring or checking variables of liquids or gases increased by 73% to X units in 2021. Over the period under review, exports, however, showed a precipitous decrease. The growth pace was the most rapid in 2018 with an increase of 633% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, non-electronic liquid or gas measurer exports surged to $X in 2021. In general, exports, however, continue to indicate a sharp descent. The most prominent rate of growth was recorded in 2018 when exports increased by 251%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Oman (X units), France (X units) and Belgium (X units) were the main destinations of non-electronic liquid or gas measurer exports from Luxembourg, with a combined 62% share of total exports. These countries were followed by Poland, Italy, Germany, Turkey, the Netherlands, Sweden, Kuwait, the UK and the Czech Republic, which together accounted for a further 28%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Kuwait (with a CAGR of 0.0%), while the other leaders experienced a decline.

In value terms, the largest markets for non-electronic liquid or gas measurer exported from Luxembourg were France ($X), Oman ($X) and Italy ($X), together comprising 67% of total exports. Kuwait, Poland, Germany, Belgium, Sweden, the Netherlands, Turkey, the UK and the Czech Republic lagged somewhat behind, together comprising a further 18%.

Kuwait, with a CAGR of 0.0%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average export price for non-electronic instruments for measuring or checking variables of liquids or gases amounted to $X per unit, dropping by -18.2% against the previous year. In general, the export price, however, posted a prominent expansion. The growth pace was the most rapid in 2020 when the average export price increased by 212%. Over the period under review, the average export prices attained the maximum at $X per unit in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Kuwait ($X per unit), while the average price for exports to Turkey ($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 Oman (+67.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases

Imports into Luxembourg

Non-electronic liquid or gas measurer imports into Luxembourg skyrocketed to X units in 2021, rising by 70% against the previous year. Overall, imports enjoyed a strong increase. The pace of growth appeared the most rapid in 2013 with an increase of 329%. As a result, imports attained the peak of X units. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, non-electronic liquid or gas measurer imports soared to $X in 2021. Over the period under review, imports saw a strong expansion. The pace of growth appeared the most rapid in 2016 when imports increased by 143%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of non-electronic liquid or gas measurer to Luxembourg, with a 71% share of total imports. Moreover, non-electronic liquid or gas measurer imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X units), fourfold. France (X units) ranked third in terms of total imports with a 4.3% share.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to +17.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+25.7% per year) and France (+5.7% per year).

In value terms, Germany ($X) constituted the largest supplier of non-electronic liquid or gas measurer to Luxembourg, comprising 52% of total imports. The second position in the ranking was held by Belgium ($X), with a 22% share of total imports. It was followed by France, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled +5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+17.4% per year) and France (+3.2% per year).

Import Prices by Country

The average import price for non-electronic instruments for measuring or checking variables of liquids or gases stood at $X per unit in 2021, shrinking by -27.4% against the previous year. Over the period under review, the import price showed a noticeable decrease. The pace of growth appeared the most rapid in 2014 an increase of 383% against the previous year. The import price peaked at $X per unit in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Denmark ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+19.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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