Luxembourg: Non-Hydraulic Press Market 2024

Non-Hydraulic Press Market Size in Luxembourg

The Luxembourg non-hydraulic press market shrank to $X in 2021, which is down by -2% against the previous year. In general, consumption recorded a mild setback. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Non-Hydraulic Press Production in Luxembourg

In value terms, non-hydraulic press production expanded significantly to $X in 2021 estimated in export price. Overall, the total production indicated a modest expansion from 2012 to 2021: its value increased at an average annual rate of +1.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -9.8% against 2019 indices. The growth pace was the most rapid in 2019 when the production volume increased by 71% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Non-Hydraulic Press Exports

Exports from Luxembourg

For the third consecutive year, Luxembourg recorded growth in shipments abroad of non-hydraulic presses for working metal, which increased by 51% to X units in 2021. Overall, exports saw a significant increase. The pace of growth was the most pronounced in 2014 with an increase of 2,388% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to continue growth in the near future.

In value terms, non-hydraulic press exports fell notably to $X in 2021. Over the period under review, exports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 1,354% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Austria (X units), Germany (X units) and India (X units) were the main destinations of non-hydraulic press exports from Luxembourg, with a combined 97% share of total exports.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +61.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, India ($X) emerged as the key foreign market for non-hydraulic presses for working metal exports from Luxembourg, comprising 55% of total exports. The second position in the ranking was taken by Germany ($X), with a 22% share of total exports. It was followed by Austria, with a 14% share.

From 2012 to 2021, the average annual growth rate of value to India stood at +46.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+51.4% per year) and Austria (+44.9% per year).

Export Prices by Country

The average non-hydraulic press export price stood at $X per unit in 2021, declining by -54.2% against the previous year. Over the period under review, the export price showed a abrupt descent. The pace of growth appeared the most rapid in 2015 an increase of 146% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2016 to 2021, the average export prices remained at a somewhat lower figure.

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 India ($X per unit), while the average price for exports to Austria ($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 the Netherlands (+0.4%), while the prices for the other major destinations experienced a decline.

Non-Hydraulic Press Imports

Imports into Luxembourg

In 2021, the amount of non-hydraulic presses for working metal imported into Luxembourg reduced dramatically to X units, which is down by -48.1% compared with the previous year. In general, imports showed a noticeable decline. The most prominent rate of growth was recorded in 2014 with an increase of 450% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, non-hydraulic press imports expanded markedly to $X in 2021. Overall, imports faced a sharp shrinkage. The growth pace was the most rapid in 2017 when imports increased by 1,517% against the previous year. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Belgium (X units) constituted the largest non-hydraulic press supplier to Luxembourg, with a 79% share of total imports. Moreover, non-hydraulic press imports from Belgium exceeded the figures recorded by the second-largest supplier, France (X units), sixfold.

From 2012 to 2021, the average annual growth rate of volume from Belgium amounted to +15.5%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-4.9% per year) and Germany (-11.5% per year).

In value terms, Belgium ($X) constituted the largest supplier of non-hydraulic presses for working metal to Luxembourg, comprising 85% of total imports. The second position in the ranking was taken by Germany ($X), with a 6.3% share of total imports. It was followed by France, with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Belgium stood at +11.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-36.1% per year) and France (+8.4% per year).

Import Prices by Country

In 2021, the average non-hydraulic press import price amounted to $X per unit, surging by 110% against the previous year. Overall, the import price, however, showed a abrupt decrease. The growth pace was the most rapid in 2017 an increase of 314% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for France ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+13.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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