Luxembourg: Market for Plastics Pipes And Pipe Fittings 2024

Market Size for Plastics Pipes And Pipe Fittings in Luxembourg

After four years of growth, the Luxembourg market for plastics pipes and pipe fittings decreased by -29.9% to $X in 2022. In general, the total consumption indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X, and then shrank remarkably in the following year.

Production of Plastics Pipes And Pipe Fittings in Luxembourg

In value terms, plastics pipe and pipe fitting production expanded remarkably to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a perceptible shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 25% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Plastics Pipes And Pipe Fittings

Exports from Luxembourg

In 2022, shipments abroad of plastics pipes and pipe fittings increased by 8.4% to X tons, rising for the second year in a row after three years of decline. The total export volume increased at an average annual rate of +1.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 47%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, plastics pipe and pipe fitting exports expanded remarkably to $X in 2022. The total export value increased at an average annual rate of +1.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 37% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

France (X tons) was the main destination for plastics pipe and pipe fitting exports from Luxembourg, with a 77% share of total exports. Moreover, plastics pipe and pipe fitting exports to France exceeded the volume sent to the second major destination, Belgium (X tons), fourfold.

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

In value terms, France ($X) remains the key foreign market for plastics pipes and pipe fittings exports from Luxembourg, comprising 61% of total exports. The second position in the ranking was taken by Belgium ($X), with a 19% share of total exports.

From 2012 to 2022, the average annual growth rate of value to France stood at -1.8%.

Export Prices by Country

The average export price for plastics pipes and pipe fittings stood at $X per ton in 2022, reducing by -2.2% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by 15% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (-1.0%).

Imports of Plastics Pipes And Pipe Fittings

Imports into Luxembourg

In 2022, approx. X tons of plastics pipes and pipe fittings were imported into Luxembourg; reducing by -25.7% compared with the previous year's figure. In general, total imports indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of +2.4% 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 +24.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 68%. As a result, imports reached the peak of X tons, and then plummeted in the following year.

In value terms, plastics pipe and pipe fitting imports fell to $X in 2022. The total import value increased at an average annual rate of +3.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 40%. As a result, imports attained the peak of $X, and then fell in the following year.

Imports by Country

Germany (X tons), Belgium (X tons) and France (X tons) were the main suppliers of plastics pipe and pipe fitting imports to Luxembourg, with a combined 91% share of total imports. The Czech Republic and the United States lagged somewhat behind, together accounting for a further 4%.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of +38.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Belgium ($X) and the United States ($X) were the largest plastics pipe and pipe fitting suppliers to Luxembourg, with a combined 86% share of total imports. France and the Czech Republic lagged somewhat behind, together accounting for a further 5.6%.

In terms of the main suppliers, the Czech Republic, with a CAGR of +19.8%, 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

In 2022, the average import price for plastics pipes and pipe fittings amounted to $X per ton, increasing by 22% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 the United States ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+2.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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