Luxembourg: Pedestrian-Controlled Tractor Market 2024

Pedestrian-Controlled Tractor Market Size in Luxembourg

The Luxembourg pedestrian-controlled tractor market soared to $X in 2022, jumping by 17% against the previous year. Overall, the total consumption indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +98.7% against 2017 indices. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in years to come.

Pedestrian-Controlled Tractor Production in Luxembourg

In value terms, pedestrian-controlled tractor production expanded notably to $X in 2022 estimated in export price. Over the period under review, production showed a strong increase. The pace of growth was the most pronounced in 2019 with an increase of 329%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Pedestrian-Controlled Tractor Exports

Exports from Luxembourg

In 2022, the amount of pedestrian-controlled tractors exported from Luxembourg dropped sharply to X units, with a decrease of -22.2% compared with the year before. In general, exports faced a deep contraction. The growth pace was the most rapid in 2020 with an increase of 6,100%. As a result, the exports reached the peak of X units. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, pedestrian-controlled tractor exports soared to $X in 2022. Overall, exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2015 with an increase of 8,513% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Bosnia and Herzegovina (X units) was the main destination for pedestrian-controlled tractor exports from Luxembourg, with a 71% share of total exports. Moreover, pedestrian-controlled tractor exports to Bosnia and Herzegovina exceeded the volume sent to the second major destination, Belgium (X units), threefold.

From 2012 to 2022, the average annual growth rate of volume to Bosnia and Herzegovina was relatively modest.

In value terms, the largest markets for pedestrian-controlled tractor exported from Luxembourg were Bosnia and Herzegovina ($X) and Belgium ($X).

Bosnia and Herzegovina, with a CAGR of 0.0%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

The average pedestrian-controlled tractor export price stood at $X per unit in 2022, surging by 175% against the previous year. Overall, the export price, however, recorded a mild slump. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the average price for exports to Bosnia and Herzegovina stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (-1.8%), while the prices for the other major destinations experienced a decline.

Pedestrian-Controlled Tractor Imports

Imports into Luxembourg

In 2022, the amount of pedestrian-controlled tractors imported into Luxembourg surged to X units, jumping by 70% on the previous year. Overall, imports, however, saw a abrupt curtailment. The pace of growth appeared the most rapid in 2018 with an increase of 368%. As a result, imports attained the peak of X units. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, pedestrian-controlled tractor imports reached $X in 2022. Over the period under review, imports, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2018 with an increase of 393%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of pedestrian-controlled tractor to Luxembourg, accounting for a 65% share of total imports. Moreover, pedestrian-controlled tractor imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X units), sixfold. The third position in this ranking was taken by Belgium (X units), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to +5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+3.6% per year) and Belgium (+11.6% per year).

In value terms, Germany ($X) constituted the largest supplier of pedestrian-controlled tractors to Luxembourg, comprising 65% of total imports. The second position in the ranking was taken by Italy ($X), with a 12% share of total imports. It was followed by Belgium, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at +4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+2.0% per year) and Belgium (+8.6% per year).

Import Prices by Country

In 2022, the average pedestrian-controlled tractor import price amounted to $X per unit, declining by -33.4% against the previous year. In general, the import price continues to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2021 when the average import price increased by 33%. As a result, import price attained the peak level of $X per unit, and then shrank dramatically in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the Netherlands ($X per unit) and Switzerland ($X per unit), while the price for Germany ($X per unit) and Belgium ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+2.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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