Luxembourg: Pliers And Pincers Market 2024

Pliers And Pincers Market Size in Luxembourg

For the fourth year in a row, the Luxembourg pliers and pincers market recorded growth in sales value, which increased by 12% to $X in 2021. In general, consumption enjoyed strong growth. Over the period under review, the market hit record highs in 2021 and is likely to see steady growth in the immediate term.

Pliers And Pincers Exports

Exports from Luxembourg

In 2021, after five years of decline, there was significant growth in overseas shipments of pliers, pincers and tweezers for nonmedical use, when their volume increased by 7.2% to X tons. Over the period under review, exports, however, recorded a noticeable shrinkage. The pace of growth appeared the most rapid in 2014 with an increase of 290% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, pliers and pincers exports surged to $X in 2021. Overall, exports enjoyed pronounced growth. The pace of growth appeared the most rapid in 2014 when exports increased by 121% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Belgium (X tons), Germany (X tons) and France (X tons) were the main destinations of pliers and pincers exports from Luxembourg, with a combined 68% share of total exports. Sweden, Italy, Oman and Finland lagged somewhat behind, together comprising a further 21%.

From 2012 to 2021, the biggest increases were recorded for Sweden (with a CAGR of +123.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for pliers and pincers exported from Luxembourg were Sweden ($X), Germany ($X) and Belgium ($X), together accounting for 57% of total exports.

Sweden, with a CAGR of +191.2%, 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 pliers and pincers export price stood at $X per ton in 2021, increasing by 25% against the previous year. Overall, the export price posted a remarkable increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by 173% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Belgium ($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 Sweden (+24.3%), while the prices for the other major destinations experienced more modest paces of growth.

Pliers And Pincers Imports

Imports into Luxembourg

For the fourth year in a row, Luxembourg recorded growth in purchases abroad of pliers, pincers and tweezers for nonmedical use, which increased by 9.1% to X tons in 2021. Overall, imports posted a buoyant expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 43% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, pliers and pincers imports soared to $X in 2021. Over the period under review, total imports indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -0.7% against 2019 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 44%. Over the period under review, imports reached the maximum at $X in 2019; afterwards, it flattened through to 2021.

Imports by Country

Germany (X tons), Belgium (X tons) and France (X tons) were the main suppliers of pliers and pincers imports to Luxembourg, with a combined 90% share of total imports. These countries were followed by the Netherlands, Austria and China, which together accounted for a further 6.9%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of +70.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of pliers, pincers and tweezers for nonmedical use to Luxembourg, comprising 56% of total imports. The second position in the ranking was taken by Belgium ($X), with a 21% share of total imports. It was followed by France, with an 8.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled +5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+3.3% per year) and France (+7.6% per year).

Import Prices by Country

The average pliers and pincers import price stood at $X per ton in 2021, increasing by 7% against the previous year. Over the period under review, the import price, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2017 an increase of 56% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+0.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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