Luxembourg: Personal Weighing Machine Market 2024

Personal Weighing Machine Market Size in Luxembourg

The Luxembourg personal weighing machine market skyrocketed to $X in 2022, jumping by 24% 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). Over the period under review, consumption enjoyed strong growth. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Personal Weighing Machine Exports

Exports from Luxembourg

In 2022, overseas shipments of personal weighing machines decreased by -89% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 612%. As a result, the exports reached the peak of X units, and then fell sharply in the following year.

In value terms, personal weighing machine exports fell remarkably to $X in 2022. Over the period under review, exports recorded a abrupt downturn. The growth pace was the most rapid in 2021 with an increase of 760% against the previous year. As a result, the exports reached the peak of $X, and then fell markedly in the following year.

Exports by Country

Belgium (X units) was the main destination for personal weighing machine exports from Luxembourg, accounting for a 80% share of total exports. Moreover, personal weighing machine exports to Belgium exceeded the volume sent to the second major destination, France (X units), sevenfold. Germany (X units) ranked third in terms of total exports with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Belgium was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+22.2% per year) and Germany (+2.7% per year).

In value terms, Belgium ($X) emerged as the key foreign market for personal weighing machines exports from Luxembourg, comprising 51% of total exports. The second position in the ranking was held by Germany ($X), with a 22% share of total exports. It was followed by France, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Belgium stood at -13.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+8.8% per year) and France (+13.0% per year).

Export Prices by Country

The average personal weighing machine export price stood at $X per unit in 2022, with a decrease of -35.5% against the previous year. Over the period under review, the export price recorded a deep reduction. The growth pace was the most rapid in 2018 an increase of 63%. Over the period under review, the average export prices attained the maximum at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($X per unit), while the average price for exports to Belgium ($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 (+5.9%), while the prices for the other major destinations experienced mixed trend patterns.

Personal Weighing Machine Imports

Imports into Luxembourg

In 2022, supplies from abroad of personal weighing machines increased by 6.8% to X units, rising for the fifth consecutive year after three years of decline. Overall, total imports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of +4.8% 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 +75.4% against 2017 indices. The pace of growth appeared the most rapid in 2014 when imports increased by 38% against the previous year. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, personal weighing machine imports dropped to $X in 2022. In general, imports recorded notable growth. The most prominent rate of growth was recorded in 2020 when imports increased by 54%. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), Belgium (X units) and France (X units) were the main suppliers of personal weighing machine imports to Luxembourg, together comprising 65% of total imports. Germany, Poland, Italy, Spain and the Netherlands lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +106.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest personal weighing machine suppliers to Luxembourg were Germany ($X), France ($X) and China ($X), with a combined 68% share of total imports. Belgium, Poland, Italy, Spain and the Netherlands lagged somewhat behind, together comprising a further 30%.

Spain, with a CAGR of +89.5%, saw the highest growth rate of 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

In 2022, the average personal weighing machine import price amounted to $X per unit, dropping by -17.5% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 20% against the previous year. As a result, import price reached the peak level of $X per unit. From 2021 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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