Luxembourg: Market for Numerically Controlled Drilling Machines For Working Metal 2025

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

The Luxembourg numerically controlled drilling machine market skyrocketed to $X in 2021, increasing by 231% against the previous year. Over the period under review, consumption showed prominent growth. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the immediate term.

Production of Numerically Controlled Drilling Machines For Working Metal in Luxembourg

In value terms, numerically controlled drilling machine production declined rapidly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a buoyant expansion. Numerically controlled drilling machine production peaked at $X in 2020, and then dropped markedly in the following year.

Exports of Numerically Controlled Drilling Machines For Working Metal

Exports from Luxembourg

In 2020, numerically controlled drilling machine exports from Luxembourg soared to X tons, with an increase of 123% compared with 2019 figures. Over the period under review, exports enjoyed a significant expansion. The growth pace was the most rapid in 2015 with an increase of 136% against the previous year. The exports peaked in 2020 and are expected to retain growth in the immediate term.

In value terms, numerically controlled drilling machine exports surged to $X in 2020. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2015 when exports increased by 140% against the previous year. Over the period under review, the exports reached the peak figure in 2020 and are likely to see steady growth in the immediate term.

Exports by Country

India (X tons) was the main destination for numerically controlled drilling machine exports from Luxembourg, accounting for a approx. 100% share of total exports.

From 2012 to 2020, the average annual growth rate of volume to India was relatively modest.

In value terms, India ($X) emerged as the key foreign market for numerically controlled drilling machines for working metal exports from Luxembourg.

From 2012 to 2020, the average annual rate of growth in terms of value to India was relatively modest.

Export Prices by Country

In 2020, the average numerically controlled drilling machine export price amounted to $X per ton, dropping by -48.3% against the previous year. In general, the export price showed a abrupt decrease. The most prominent rate of growth was recorded in 2015 when the average export price increased by 1.5%. The export price peaked at $X per ton in 2012; however, from 2013 to 2020, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2020, the rate of growth in terms of prices for Austria amounted to +970.7% per year.

Imports of Numerically Controlled Drilling Machines For Working Metal

Imports into Luxembourg

Numerically controlled drilling machine imports into Luxembourg surged to X tons in 2021, jumping by 296% compared with 2020. Overall, imports posted a resilient increase. The pace of growth appeared the most rapid in 2016 when imports increased by 805%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, numerically controlled drilling machine imports soared to $X in 2021. Over the period under review, imports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2016 with an increase of 809%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

Germany (X tons), the Netherlands (X tons) and Belgium (X tons) were the main suppliers of numerically controlled drilling machine imports to Luxembourg, with a combined 99% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +49.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest numerically controlled drilling machine suppliers to Luxembourg were Germany ($X), the Netherlands ($X) and Belgium ($X), with a combined 98% share of total imports.

Among the main suppliers, the Netherlands, with a CAGR of +49.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average numerically controlled drilling machine import price stood at $X per ton in 2021, with an increase of 4.7% against the previous year. Overall, the import price, however, showed a mild curtailment. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+17.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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