Luxembourg: Lamp Plastic Parts Market 2024

Lamp Plastic Parts Market Size in Luxembourg

For the third year in a row, the Luxembourg lamp plastic parts market recorded decline in sales value, which decreased by -6% to $X in 2021. Overall, consumption recorded a noticeable downturn. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Lamp Plastic Parts Exports

Exports from Luxembourg

Lamp plastic parts exports from Luxembourg skyrocketed to X tons in 2021, growing by 216% on the previous year's figure. In general, exports posted a significant increase. The growth pace was the most rapid in 2019 when exports increased by 657%. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, lamp plastic parts exports skyrocketed to $X in 2021. Over the period under review, exports recorded significant growth. The pace of growth appeared the most rapid in 2019 when exports increased by 230% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Belgium (X tons) was the main destination for lamp plastic parts exports from Luxembourg, accounting for a 82% share of total exports. Moreover, lamp plastic parts exports to Belgium exceeded the volume sent to the second major destination, Germany (X kg), ninefold. Oman (X kg) ranked third in terms of total exports with a 7.3% share.

From 2012 to 2021, the average annual growth rate of volume to Belgium totaled +91.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+34.9% per year) and Oman (+23.8% per year).

In value terms, Belgium ($X) emerged as the key foreign market for plastic parts for lamps and lighting fittings exports from Luxembourg, comprising 81% of total exports. The second position in the ranking was held by France ($X), with an 8.4% share of total exports. It was followed by Oman, with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Belgium amounted to +83.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-1.5% per year) and Oman (+7.6% per year).

Export Prices by Country

The average lamp plastic parts export price stood at $X per ton in 2021, waning by -5.6% against the previous year. Over the period under review, the export price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 when the average export price increased by 72%. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was France ($X per ton), while the average price for exports to Germany ($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 France (+2.8%), while the prices for the other major destinations experienced a decline.

Lamp Plastic Parts Imports

Imports into Luxembourg

After two years of decline, supplies from abroad of plastic parts for lamps and lighting fittings increased by 7.7% to X tons in 2021. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 37% against the previous year. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, lamp plastic parts imports rose rapidly to $X in 2021. Over the period under review, imports, however, recorded a slight slump. The pace of growth appeared the most rapid in 2018 with an increase of 63%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), Belgium (X tons) and France (X tons) were the main suppliers of lamp plastic parts imports to Luxembourg, together accounting for 81% of total imports. Austria, Denmark, Italy, the Netherlands and China lagged somewhat behind, together comprising a further 17%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Denmark (with a CAGR of +117.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Belgium ($X) and France ($X) were the largest lamp plastic parts suppliers to Luxembourg, together accounting for 73% of total imports. These countries were followed by Denmark, Austria, Italy, the Netherlands and China, which together accounted for a further 24%.

In terms of the main suppliers, Denmark, with a CAGR of +117.0%, saw 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

The average lamp plastic parts import price stood at $X per ton in 2021, surging by 1.9% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 19% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :