Luxembourg: Market for Other Plastic Tubes, Pipes and Hoses 2024

Market Size for Other Plastic Tubes, Pipes and Hoses in Luxembourg

The Luxembourg market for other plastic tubes, pipes and hoses shrank to $X in 2022, declining by -12.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -13.6% against 2019 indices. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Exports of Other Plastic Tubes, Pipes and Hoses

Exports from Luxembourg

In 2022, shipments abroad of other plastic tubes, pipes and hoses decreased by -33.1% to X tons, falling for the second year in a row after three years of growth. Over the period under review, exports, however, posted a notable increase. The pace of growth was the most pronounced in 2014 when exports increased by 414%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of other plastic tubes, pipes and hoses contracted sharply to $X in 2022. Overall, exports, however, enjoyed prominent growth. The pace of growth appeared the most rapid in 2014 when exports increased by 163% against the previous year. Over the period under review, the exports of hit record highs at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

France (X tons), Belgium (X tons) and Germany (X tons) were the main destinations of exports of other plastic tubes, pipes and hoses from Luxembourg, together comprising 67% of total exports. The UK, Spain, Italy, the Netherlands and Poland lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +86.9%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X) remains the key foreign market for other plastic tubes, pipes and hoses exports from Luxembourg, comprising 39% of total exports. The second position in the ranking was held by Belgium ($X), with an 8.5% share of total exports. It was followed by the UK, with a 6.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to France amounted to +28.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-0.2% per year) and the UK (+29.8% per year).

Export Prices by Country

The average export price for other plastic tubes, pipes and hoses stood at $X per ton in 2022, increasing by 25% against the previous year. Over the period under review, the export price enjoyed a prominent increase. The pace of growth appeared the most rapid in 2018 when the average export price increased by 76% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Other Plastic Tubes, Pipes and Hoses

Imports into Luxembourg

In 2022, approx. X tons of other plastic tubes, pipes and hoses were imported into Luxembourg; which is down by -15.5% on the previous year. Overall, imports, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2015 with an increase of 74% against the previous year. Over the period under review, imports of attained the maximum at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, imports of other plastic tubes, pipes and hoses fell to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when imports increased by 28%. Over the period under review, imports of hit record highs at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

Belgium (X tons), Germany (X tons) and Switzerland (X tons) were the main suppliers of imports of other plastic tubes, pipes and hoses to Luxembourg, with a combined 90% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Switzerland (with a CAGR of +47.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest other plastic tubes, pipes and hoses suppliers to Luxembourg were Germany ($X), Belgium ($X) and Switzerland ($X), together comprising 83% of total imports.

In terms of the main suppliers, Switzerland, with a CAGR of +38.1%, saw the highest growth rate of 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

In 2022, the average import price for other plastic tubes, pipes and hoses amounted to $X per ton, increasing by 4.8% against the previous year. In general, the import price, however, saw a perceptible decline. The pace of growth appeared the most rapid in 2020 an increase of 21% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (-0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :