Luxembourg: Market for Motor Vehicle Chassis Fitted With Engines 2024

Market Size for Motor Vehicle Chassis Fitted With Engines in Luxembourg

The Luxembourg market for motor vehicle chassis fitted with engines declined remarkably to $X in 2022, waning by -62.6% against the previous year. Overall, consumption, however, saw a significant increase. Consumption of peaked at $X in 2021, and then shrank markedly in the following year.

Production of Motor Vehicle Chassis Fitted With Engines in Luxembourg

In value terms, production of motor vehicle chassis fitted with engines declined notably to $X in 2022 estimated in export price. Over the period under review, production, however, posted significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 90%. Over the period under review, production of attained the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Motor Vehicle Chassis Fitted With Engines

Exports from Luxembourg

In 2022, overseas shipments of motor vehicle chassis fitted with engines increased by 59% to X units, rising for the second consecutive year after two years of decline. In general, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2021 with an increase of 1,241% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, exports of motor vehicle chassis fitted with engines soared to $X in 2022. Overall, exports recorded strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 280% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

France (X units) was the main destination for exports of motor vehicle chassis fitted with engines from Luxembourg, accounting for a 95% share of total exports. It was followed by Germany (X units), with a 2.4% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to France stood at +55.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+26.2% per year) and Belgium (+13.2% per year).

In value terms, France ($X), Germany ($X) and Belgium ($X) appeared to be the largest markets for motor vehicle chassis fitted with engines exported from Luxembourg worldwide, with a combined 100% share of total exports.

France, with a CAGR of +29.9%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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 export price for motor vehicle chassis fitted with engines amounted to $X per unit, waning by -2.9% against the previous year. Over the period under review, the export price showed a precipitous shrinkage. The growth pace was the most rapid in 2020 when the average export price increased by 160%. Over the period under review, the average export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to France ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+0.5%), while the prices for the other major destinations experienced a decline.

Imports of Motor Vehicle Chassis Fitted With Engines

Imports into Luxembourg

In 2022, after two years of growth, there was significant decline in overseas purchases of motor vehicle chassis fitted with engines, when their volume decreased by -37.3% to X units. In general, imports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 2,351% against the previous year. As a result, imports attained the peak of X units, and then reduced rapidly in the following year.

In value terms, imports of motor vehicle chassis fitted with engines shrank slightly to $X in 2022. Overall, imports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2013 with an increase of 71% against the previous year. Over the period under review, imports of attained the peak figure at $X in 2021, and then contracted modestly in the following year.

Imports by Country

In 2022, France (X units) constituted the largest motor vehicle chassis fitted with engines supplier to Luxembourg, accounting for a 90% share of total imports. Moreover, imports of motor vehicle chassis fitted with engines from France exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), more than tenfold. The third position in this ranking was taken by Germany (X units), with a 1.3% share.

From 2012 to 2022, the average annual growth rate of volume from France totaled +69.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+91.0% per year) and Germany (+10.1% per year).

In value terms, Belgium ($X) constituted the largest supplier of motor vehicle chassis fitted with engines to Luxembourg, comprising 73% of total imports. The second position in the ranking was taken by Germany ($X), with a 16% share of total imports. It was followed by France, with an 8.5% share.

From 2012 to 2022, the average annual growth rate of value from Belgium totaled +9.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+13.4% per year) and France (+83.6% per year).

Import Prices by Country

In 2022, the average import price for motor vehicle chassis fitted with engines amounted to $X per unit, surging by 57% against the previous year. Overall, the import price, however, recorded a significant curtailment. The growth pace was the most rapid in 2019 an increase of 415%. As a result, import price attained the peak level of $X per unit. From 2020 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per unit), while the price for France ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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