Luxembourg: Non-Household Fan Market 2024

Non-Household Fan Market Size in Luxembourg

In 2022, after two years of growth, there was significant decline in the Luxembourg non-household fan market, when its value decreased by -33.3% to $X. In general, consumption saw a noticeable contraction. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Non-Household Fan Production in Luxembourg

In value terms, non-household fan production totaled $X in 2022 estimated in export price. Over the period under review, production enjoyed strong growth. The growth pace was the most rapid in 2018 when the production volume increased by 106% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Non-Household Fan Exports

Exports from Luxembourg

Non-household fan exports from Luxembourg dropped to X units in 2022, approximately mirroring the previous year. In general, exports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2015 when exports increased by 36% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, non-household fan exports plummeted to $X in 2022. Overall, exports saw a perceptible contraction. The growth pace was the most rapid in 2018 when exports increased by 49%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Greece (X units) was the main destination for non-household fan exports from Luxembourg, accounting for a 50% share of total exports. Moreover, non-household fan exports to Greece exceeded the volume sent to the second major destination, Italy (X units), fourfold. The third position in this ranking was held by Germany (X units), with a 10% share.

From 2012 to 2022, the average annual growth rate of volume to Greece totaled +178.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+9.6% per year) and Germany (+3.2% per year).

In value terms, the largest markets for non-household fan exported from Luxembourg were Germany ($X), France ($X) and Italy ($X), with a combined 50% share of total exports. Greece, Spain, Switzerland, Poland and the UK lagged somewhat behind, together accounting for a further 18%.

Among the main countries of destination, Greece, with a CAGR of +86.2%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average non-household fan export price amounted to $X per unit, declining by -46.1% against the previous year. Over the period under review, the export price continues to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2018 when the average export price increased by 55%. Over the period under review, the average export prices attained the maximum at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Greece ($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 France (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Household Fan Imports

Imports into Luxembourg

Non-household fan imports into Luxembourg shrank remarkably to X units in 2022, reducing by -26% on 2021 figures. In general, imports saw a deep setback. The most prominent rate of growth was recorded in 2015 when imports increased by 59%. Over the period under review, imports reached the maximum at X units in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, non-household fan imports shrank dramatically to $X in 2022. Overall, imports saw a pronounced descent. The most prominent rate of growth was recorded in 2021 when imports increased by 20%. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Taiwan (Chinese) (X units), Japan (X units) and China (X units) were the main suppliers of non-household fan imports to Luxembourg, together accounting for 68% of total imports. Germany, France, the United States, Italy, Belgium and the Netherlands lagged somewhat behind, together comprising a further 22%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +45.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of non-household ventilation fans to Luxembourg, comprising 44% of total imports. The second position in the ranking was taken by Germany ($X), with a 21% share of total imports. It was followed by China, with an 8.7% share.

From 2012 to 2022, the average annual growth rate of value from the United States totaled +7.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-2.3% per year) and China (-2.4% per year).

Import Prices by Country

The average non-household fan import price stood at $X per unit in 2022, dropping by -23.1% against the previous year. Over the period under review, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-household fan import price decreased by -25.4% against 2020 indices. The pace of growth was the most pronounced in 2018 when the average import price increased by 60% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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 the United States ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+21.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform