Luxembourg: Market for Non-Numerically Controlled Drilling Machines For Working Metal 2024

Market Size for Non-Numerically Controlled Drilling Machines For Working Metal in Luxembourg

In 2021, the Luxembourg non-numerically controlled drilling machine market increased by 3.2% to $X, rising for the second year in a row after three years of decline. Over the period under review, consumption continues to indicate a strong increase. Non-numerically controlled drilling machine consumption peaked at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Exports of Non-Numerically Controlled Drilling Machines For Working Metal

Exports from Luxembourg

After two years of growth, overseas shipments of non-numerically controlled drilling machines for working metal decreased by -58.5% to X tons in 2021. Over the period under review, exports faced a abrupt descent. The pace of growth appeared the most rapid in 2019 with an increase of 224%. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, non-numerically controlled drilling machine exports contracted significantly to $X in 2021. Overall, exports recorded a deep contraction. The most prominent rate of growth was recorded in 2019 when exports increased by 206%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Belgium (X tons), France (X kg) and Spain (X kg) were the main destinations of non-numerically controlled drilling machine exports from Luxembourg, with a combined 86% share of total exports. These countries were followed by the United Arab Emirates, Oman and Germany, which together accounted for a further 14%.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +42.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-numerically controlled drilling machine exported from Luxembourg were Belgium ($X), the United Arab Emirates ($X) and France ($X), with a combined 83% share of total exports.

In terms of the main countries of destination, the United Arab Emirates, with a CAGR of +47.1%, recorded the highest rates of growth with regard to 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 2021, the average non-numerically controlled drilling machine export price amounted to $X per ton, surging by 9.4% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+3.0%), while the prices for the other major destinations experienced a decline.

Imports of Non-Numerically Controlled Drilling Machines For Working Metal

Imports into Luxembourg

In 2021, purchases abroad of non-numerically controlled drilling machines for working metal increased by 1.9% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 136% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, non-numerically controlled drilling machine imports contracted modestly to $X in 2021. Overall, imports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 97% against the previous year. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of non-numerically controlled drilling machine to Luxembourg, accounting for a 90% share of total imports. Moreover, non-numerically controlled drilling machine imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany stood at +9.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-4.3% per year) and Austria (+30.6% per year).

In value terms, Germany ($X) constituted the largest supplier of non-numerically controlled drilling machines for working metal to Luxembourg, comprising 89% of total imports. The second position in the ranking was held by Belgium ($X), with a 5.8% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +8.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-5.1% per year) and Austria (+28.6% per year).

Import Prices by Country

The average non-numerically controlled drilling machine import price stood at $X per ton in 2021, declining by -2.8% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average import price increased by 9.5% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was Austria ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (-0.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :