Luxembourg: Photo-Copying Apparatus Market 2024

Photo-Copying Apparatus Market Size in Luxembourg

In 2022, the Luxembourg photo-copying apparatus market increased by 4.4% to $X, rising for the third year in a row after two years of decline. In general, consumption, however, showed a deep slump. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Photo-Copying Apparatus Exports

Exports from Luxembourg

In 2022, exports of photo-copying apparatus from Luxembourg declined markedly to X units, shrinking by -63.8% compared with the year before. Overall, exports, however, enjoyed a measured increase. The most prominent rate of growth was recorded in 2017 with an increase of 1,375%. Over the period under review, the exports reached the peak figure at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, photo-copying apparatus exports dropped sharply to $X in 2022. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 2,201% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Belgium (X units) was the main destination for photo-copying apparatus exports from Luxembourg, with a 77% share of total exports. Moreover, photo-copying apparatus exports to Belgium exceeded the volume sent to the second major destination, France (X units), ninefold. The third position in this ranking was held by the United States (X units), with a 7.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Belgium amounted to +16.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+41.9% per year) and the United States (+38.4% per year).

In value terms, Belgium ($X) remains the key foreign market for photo-copying apparatus exports from Luxembourg, comprising 71% of total exports. The second position in the ranking was taken by France ($X), with a 9.5% share of total exports. It was followed by the United States, with an 8.1% share.

From 2012 to 2022, the average annual growth rate of value to Belgium totaled +10.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+38.4% per year) and the United States (+7.5% per year).

Export Prices by Country

In 2022, the average photo-copying apparatus export price amounted to $X per unit, shrinking by -19.9% against the previous year. In general, the export price continues to indicate a deep downturn. The pace of growth appeared the most rapid in 2017 an increase of 56% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2018 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Switzerland ($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 France (-2.4%), while the prices for the other major destinations experienced a decline.

Photo-Copying Apparatus Imports

Imports into Luxembourg

In 2022, approx. X units of photo-copying apparatus were imported into Luxembourg; waning by -21.7% on 2021 figures. In general, imports saw a abrupt contraction. The pace of growth appeared the most rapid in 2017 with an increase of 122%. Imports peaked at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, photo-copying apparatus imports dropped significantly to $X in 2022. Over the period under review, imports continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2017 when imports increased by 114% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, the UK (X units) constituted the largest supplier of photo-copying apparatus to Luxembourg, with a 35% share of total imports. Moreover, photo-copying apparatus imports from the UK exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. Belgium (X units) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from the UK totaled +6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+6.2% per year) and Belgium (-19.1% per year).

In value terms, Belgium ($X), the UK ($X) and Germany ($X) appeared to be the largest photo-copying apparatus suppliers to Luxembourg, together accounting for 56% of total imports. France, the Netherlands, Japan, China and Italy lagged somewhat behind, together comprising a further 24%.

In terms of the main suppliers, Italy, with a CAGR of +46.9%, recorded the highest rates of growth with regard to the value of imports, 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 photo-copying apparatus import price amounted to $X per unit, increasing by 6.5% against the previous year. Over the period under review, the import price, however, continues to indicate a deep reduction. The growth pace was the most rapid in 2015 an increase of 79%. As a result, import price attained the peak level of $X per unit. From 2016 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 ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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