Luxembourg: Market for Plastic Hoses and Hose Fittings 2024

Market Size for Plastic Hoses and Hose Fittings in Luxembourg

The Luxembourg market for plastic hoses and hose fittings surged to $X in 2021, increasing by 21% 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). The market value increased at an average annual rate of +1.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Plastic hose and hose fitting consumption peaked in 2021 and is expected to retain growth in years to come.

Exports of Plastic Hoses and Hose Fittings

Exports from Luxembourg

In 2021, approx. X tons of plastic hoses and hose fittings were exported from Luxembourg; leveling off at 2020 figures. In general, exports continue to indicate a pronounced reduction. The pace of growth appeared the most rapid in 2014 with an increase of 50% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, plastic hose and hose fitting exports skyrocketed to $X in 2021. Over the period under review, exports, however, showed prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of 94%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in years to come.

Exports by Country

Belgium (X tons), France (X tons) and Germany (X tons) were the main destinations of plastic hose and hose fitting exports from Luxembourg, together accounting for 67% of total exports. These countries were followed by the UK, Poland, Japan, Spain, Italy and the United States, which together accounted for a further 22%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Japan (with a CAGR of +91.2%), while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Belgium ($X) and France ($X) constituted the largest markets for plastic hose and hose fitting exported from Luxembourg worldwide, with a combined 53% share of total exports.

Japan, with a CAGR of +134.2%, saw the highest growth rate of the value of exports, among 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

The average export price for plastic hoses and hose fittings stood at $X per ton in 2021, rising by 34% against the previous year. Overall, the export price saw significant growth. The pace of growth was the most pronounced in 2018 an increase of 105%. The export price peaked in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+22.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastic Hoses and Hose Fittings

Imports into Luxembourg

Plastic hose and hose fitting imports into Luxembourg skyrocketed to X tons in 2021, picking up by 24% compared with 2020. Over the period under review, imports continue to indicate a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, plastic hose and hose fitting imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 when imports increased by 26%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Belgium (X tons), Germany (X tons) and France (X tons) were the main suppliers of plastic hose and hose fitting imports to Luxembourg, with a combined 94% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +11.5%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Belgium ($X), Germany ($X) and France ($X) were the largest plastic hose and hose fitting suppliers to Luxembourg, together comprising 91% of total imports. These countries were followed by Italy and the Netherlands, which together accounted for a further 5%.

Italy, with a CAGR of +6.9%, recorded the highest growth rate of 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

In 2021, the average import price for plastic hoses and hose fittings amounted to $X per ton, dropping by -4.4% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2017 when the average import price increased by 23% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+19.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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