Luxembourg: Other Chemical Products Market 2024

Other Chemical Products Market Size in Luxembourg

The Luxembourg other chemical products market stood at less than $X in 2022, therefore, remained relatively stable against the previous year. Over the period under review, consumption saw a abrupt downturn. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Other Chemical Products Production in Luxembourg

In value terms, other chemical products production amounted to less than $X in 2022 estimated in export price. Over the period under review, production continues to indicate a abrupt decline. The pace of growth was the most pronounced in 2013 when the production volume increased by 4.7% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Other Chemical Products Exports

Exports from Luxembourg

In 2016, overseas shipments of other chemical products decreased by -6.6% to X tons for the first time since 2011, thus ending a four-year rising trend. The total export volume increased at an average annual rate of +7.1% over the period from 2012 to 2016; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 20%. Over the period under review, the exports attained the peak figure at X tons in 2015, and then dropped in the following year.

In value terms, other chemical products exports declined to $X in 2016. The total export value increased at an average annual rate of +2.7% from 2012 to 2016; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 30%. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2016, the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for other chemical products exports from Luxembourg, with a 58% share of total exports. Moreover, other chemical products exports to Germany exceeded the volume sent to the second major destination, Belgium (X tons), fourfold. Italy (X tons) ranked third in terms of total exports with a 7.7% share.

From 2012 to 2016, the average annual growth rate of volume to Germany stood at +3.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-0.5% per year) and Italy (+15.3% per year).

In value terms, Germany ($X) remains the key foreign market for other chemical products exports from Luxembourg, comprising 47% of total exports. The second position in the ranking was held by Belgium ($X), with a 14% share of total exports. It was followed by France, with a 9.6% share.

From 2012 to 2016, the average annual rate of growth in terms of value to Germany totaled -4.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-6.6% per year) and France (+16.1% per year).

Export Prices by Country

In 2016, the average other chemical products export price amounted to $X per ton, waning by -8.1% against the previous year. In general, the export price recorded a noticeable contraction. The growth pace was the most rapid in 2013 an increase of 8.7% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2016, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2016, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Argentina ($X per ton) was amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was recorded for supplies to France (+18.2%), while the prices for the other major destinations experienced a decline.

Other Chemical Products Imports

Imports into Luxembourg

In 2016, imports of other chemical products into Luxembourg totaled X tons, with an increase of 2.7% against the previous year. Over the period under review, total imports indicated a prominent expansion from 2012 to 2016: its volume increased at an average annual rate of +11.1% over the last four years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2016 figures, imports increased by +55.2% against 2013 indices. The pace of growth was the most pronounced in 2014 with an increase of 38% against the previous year. Imports peaked in 2016 and are expected to retain growth in the immediate term.

In value terms, other chemical products imports dropped to $X in 2016. In general, imports, however, saw a slight decrease. The growth pace was the most rapid in 2014 when imports increased by 13%. As a result, imports attained the peak of $X. From 2015 to 2016, the growth of imports failed to regain momentum.

Imports by Country

Belgium (X tons), Germany (X tons) and France (X tons) were the main suppliers of other chemical products imports to Luxembourg, together accounting for 85% of total imports. The Netherlands, Canada and China lagged somewhat behind, together accounting for a further 6.9%.

From 2012 to 2016, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Canada (with a CAGR of +178.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest other chemical products suppliers to Luxembourg were Germany ($X), Belgium ($X) and France ($X), with a combined 82% share of total imports. The Netherlands, China and Canada lagged somewhat behind, together accounting for a further 4.1%.

In terms of the main suppliers, Canada, with a CAGR of +162.2%, 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 2016, the average other chemical products import price amounted to $X per ton, reducing by -10.2% against the previous year. In general, the import price showed a deep contraction. The most prominent rate of growth was recorded in 2013 an increase of 0.8% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2016, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2016, amid the top importers, the country with the highest price was China ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was attained by China (+3.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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