Luxembourg: Market for Parts Of Apparatus Of Hs 2025

Market Size for Parts Of Apparatus Of Hs in Luxembourg

For the third consecutive year, the Luxembourg market for parts of apparatus of hs recorded growth in sales value, which increased by 26% to $X in 2021. Overall, consumption saw a remarkable increase. Parts of apparatus of hs consumption peaked in 2021 and is likely to see gradual growth in the near future.

Exports of Parts Of Apparatus Of Hs

Exports from Luxembourg

In 2021, overseas shipments of parts of apparatus of hs were finally on the rise to reach X units after two years of decline. Over the period under review, exports recorded a prominent expansion. The growth pace was the most rapid in 2013 when exports increased by 707%. As a result, the exports reached the peak of X units. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, parts of apparatus of hs exports soared to $X in 2021. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 181%. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Italy (X units) was the main destination for parts of apparatus of hs exports from Luxembourg, with a 124% share of total exports. Moreover, parts of apparatus of hs exports to Italy exceeded the volume sent to the second major destination, Belgium (X units), eightfold. Estonia (X units) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to Italy stood at +113.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+1.4% per year) and Estonia (+71.2% per year).

In value terms, Italy ($X) remains the key foreign market for parts of apparatus of hs exports from Luxembourg, comprising 65% of total exports. The second position in the ranking was taken by Slovakia ($X), with an 8.5% share of total exports. It was followed by Estonia, with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Italy totaled +158.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+135.7% per year) and Estonia (+111.6% per year).

Export Prices by Country

The average export price for parts of apparatus of hs stood at $X per unit in 2021, rising by 30% against the previous year. In general, the export price showed a significant expansion. The growth pace was the most rapid in 2020 when the average export price increased by 199%. Over the period under review, the average export prices reached the peak figure in 2021 and is likely to continue growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was Slovakia ($X per unit), while the average price for exports to Poland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (+37.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Parts Of Apparatus Of Hs

Imports into Luxembourg

In 2021, the amount of parts of apparatus of hs imported into Luxembourg soared to X units, jumping by 16% against the previous year's figure. Overall, total imports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +9.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -0.1% against 2019 indices. The growth pace was the most rapid in 2013 with an increase of 59% against the previous year. Over the period under review, imports reached the maximum at X units in 2019; afterwards, it flattened through to 2021.

In value terms, parts of apparatus of hs imports skyrocketed to $X in 2021. Over the period under review, imports posted resilient growth. The pace of growth appeared the most rapid in 2020 when imports increased by 45%. Imports peaked in 2021 and are likely to see steady growth in years to come.

Imports by Country

In 2021, Belgium (X units) constituted the largest parts of apparatus of hs supplier to Luxembourg, with a 52% share of total imports. Moreover, parts of apparatus of hs imports from Belgium exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), twofold. The third position in this ranking was held by Germany (X units), with a 14% share.

From 2012 to 2021, the average annual growth rate of volume from Belgium amounted to +15.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+37.5% per year) and Germany (+15.3% per year).

In value terms, Italy ($X), Belgium ($X) and Germany ($X) were the largest parts of apparatus of hs suppliers to Luxembourg, with a combined 66% share of total imports. These countries were followed by the Netherlands, France, Slovakia, China and the United States, which together accounted for a further 19%.

Slovakia, with a CAGR of +100.1%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 import price for parts of apparatus of hs stood at $X per unit in 2021, with an increase of 12% against the previous year. Overall, the import price recorded a buoyant increase. The most prominent rate of growth was recorded in 2020 when the average import price increased by 68% against the previous year. Over the period under review, average import prices attained the maximum in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per unit), while the price for Slovakia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+30.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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