Luxembourg: Particle Board Market 2024

Particle Board Market Size in Luxembourg

In 2022, the Luxembourg particle board market decreased by -13.3% to $X for the first time since 2017, thus ending a four-year rising trend. Overall, consumption, however, recorded significant growth. Particle board consumption peaked at $X in 2021, and then dropped in the following year.

Particle Board Production in Luxembourg

In value terms, particle board production expanded markedly to $X in 2022 estimated in export price. Overall, the total production indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -7.7% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 44%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Particle Board Exports

Exports from Luxembourg

In 2022, shipments abroad of particle board decreased by -11.7% to X cubic meters for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, enjoyed buoyant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 85%. As a result, the exports reached the peak of X cubic meters, and then reduced in the following year.

In value terms, particle board exports dropped sharply to $X in 2022. In general, exports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 95% against the previous year. As a result, the exports reached the peak of $X, and then declined significantly in the following year.

Exports by Country

Germany (X cubic meters), France (X cubic meters) and Belgium (X cubic meters) were the main destinations of particle board exports from Luxembourg, together accounting for 74% of total exports. The Netherlands, the UK and Italy lagged somewhat behind, together comprising a further 25%.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +64.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for particle board exported from Luxembourg were Germany ($X), France ($X) and Belgium ($X), together comprising 74% of total exports. The Netherlands, the UK and Italy lagged somewhat behind, together accounting for a further 25%.

In terms of the main countries of destination, the UK, with a CAGR of +65.9%, 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 2022, the average particle board export price amounted to $X per cubic meter, shrinking by -13.2% against the previous year. In general, the export price recorded a noticeable slump. The most prominent rate of growth was recorded in 2018 when the average export price increased by 5.7%. Over the period under review, the average export prices hit record highs at $X per cubic meter in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Belgium ($X per cubic meter) and the Netherlands ($X per cubic meter), while the average price for exports to Italy ($X per cubic meter) and France ($X per cubic meter) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+0.8%), while the prices for the other major destinations experienced a decline.

Particle Board Imports

Imports into Luxembourg

In 2022, purchases abroad of particle board increased by 20% to X cubic meters, rising for the second year in a row after four years of decline. Overall, total imports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.3% against 2020 indices. The pace of growth was the most pronounced in 2016 with an increase of 74% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, particle board imports rose remarkably to $X in 2022. In general, total imports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.2% against 2020 indices. The pace of growth appeared the most rapid in 2016 with an increase of 92%. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Germany (X cubic meters) constituted the largest particle board supplier to Luxembourg, accounting for a 53% share of total imports. Moreover, particle board imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X cubic meters), twofold. France (X cubic meters) ranked third in terms of total imports with a 15% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to +7.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+11.8% per year) and France (+5.2% per year).

In value terms, the largest particle board suppliers to Luxembourg were Germany ($X), Belgium ($X) and France ($X), together comprising 93% of total imports.

Belgium, with a CAGR of +9.0%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average particle board import price stood at $X per cubic meter in 2022, declining by -12.4% against the previous year. Over the period under review, the import price recorded a pronounced contraction. The pace of growth appeared the most rapid in 2016 an increase of 9.9%. Over the period under review, average import prices reached the peak figure at $X per cubic meter in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Czech Republic ($X per cubic meter), while the price for Romania ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (-0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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