Luxembourg: Non-Numerically Controlled Lathe Market 2024

Non-Numerically Controlled Lathe Market Size in Luxembourg

The Luxembourg non-numerically controlled lathe market amounted to $X in 2021, remaining constant against the previous year. Overall, consumption saw a noticeable decline. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Non-Numerically Controlled Lathe Production in Luxembourg

In value terms, non-numerically controlled lathe production rose sharply to $X in 2021 estimated in export price. Overall, production recorded a relatively flat trend pattern. Over the period under review, non-numerically controlled laproduction reached the peak level at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Non-Numerically Controlled Lathe Exports

Exports from Luxembourg

In 2019, approx. X units of non-numerically controlled horizontal lathes, for removing metal were exported from Luxembourg; rising by 700% compared with 2018 figures. Overall, exports, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2017 when exports increased by 1,300%. Over the period under review, the non-numerically controlled laexports hit record highs at X units in 2012; however, from 2013 to 2019, the exports remained at a lower figure.

In value terms, non-numerically controlled lathe exports skyrocketed to $X in 2019. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 4,538%. Over the period under review, the non-numerically controlled laexports reached the peak figure in 2019 and are expected to retain growth in the immediate term.

Exports by Country

Belgium (X units) was the main destination for non-numerically controlled lathe exports from Luxembourg, with a 83% share of total exports. Moreover, non-numerically controlled lathe exports to Belgium exceeded the volume sent to the second major destination, France (X units), fivefold.

From 2012 to 2019, the average annual rate of growth in terms of volume to Belgium stood at +117.1%.

In value terms, France ($X) remains the key foreign market for non-numerically controlled horizontal lathes, for removing metal exports from Luxembourg, comprising 66% of total exports. The second position in the ranking was taken by Belgium ($X), with a 31% share of total exports. It was followed by Germany, with a 2.1% share.

From 2012 to 2019, the average annual rate of growth in terms of value to France stood at +28.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+210.1% per year) and Germany (-42.5% per year).

Export Prices by Country

The average non-numerically controlled lathe export price stood at $X per unit in 2019, reducing by -64.4% against the previous year. In general, the export price, however, enjoyed a strong increase. The pace of growth was the most pronounced in 2017 an increase of 231% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2018 to 2019, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2019, the country with the highest price was France ($X per unit), while the average price for exports to Belgium ($X per unit) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+41.8%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Numerically Controlled Lathe Imports

Imports into Luxembourg

In 2021, after two years of growth, there was significant decline in supplies from abroad of non-numerically controlled horizontal lathes, for removing metal, when their volume decreased by -23.5% to X units. Overall, imports continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2017 with an increase of 238% against the previous year. Over the period under review, non-numerically controlled laimports hit record highs at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, non-numerically controlled lathe imports dropped notably to $X in 2021. Over the period under review, imports recorded a deep reduction. The pace of growth was the most pronounced in 2017 when imports increased by 1,628% against the previous year. Over the period under review, non-numerically controlled laimports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Bulgaria (X units), Belgium (X units) and Germany (X units) were the main suppliers of non-numerically controlled lathe imports to Luxembourg, together accounting for 92% of total imports.

From 2012 to 2021, the biggest increases were recorded for Bulgaria (with a CAGR of +103.1%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest non-numerically controlled lathe suppliers to Luxembourg were Bulgaria ($X), Belgium ($X) and Germany ($X), with a combined 93% share of total imports.

In terms of the main suppliers, Bulgaria, with a CAGR of +29.9%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average non-numerically controlled lathe import price amounted to $X per unit, growing by 2.8% against the previous year. Over the period under review, the import price, however, showed a noticeable downturn. The most prominent rate of growth was recorded in 2017 when the average import price increased by 410%. As a result, import price reached the peak level of $X per unit. From 2018 to 2021, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the highest price was recorded for prices from France ($X per unit) and Germany ($X per unit), while the price for Bulgaria ($X per unit) and Belgium ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (-2.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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