Luxembourg: Polishes For Coachwork Market 2025

Polishes For Coachwork Market Size in Luxembourg

In 2022, the Luxembourg polishes for coachwork market increased by 14% to $X, rising for the second consecutive year after three years of decline. Overall, consumption, however, saw a prominent expansion. Polishes for coachwork consumption peaked in 2022 and is likely to see steady growth in the near future.

Polishes For Coachwork Production in Luxembourg

In value terms, polishes for coachwork production shrank to $X in 2022 estimated in export price. Overall, production recorded a significant expansion. The growth pace was the most rapid in 2017 when the production volume increased by 646%. Polishes for coachwork production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Polishes For Coachwork Exports

Exports from Luxembourg

In 2022, shipments abroad of polishes for coachwork was finally on the rise to reach X tons after two years of decline. In general, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2017 when exports increased by 240% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, polishes for coachwork exports soared to $X in 2022. Over the period under review, exports posted a significant expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 121%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

France (X tons) was the main destination for polishes for coachwork exports from Luxembourg, with a 59% share of total exports. Moreover, polishes for coachwork exports to France exceeded the volume sent to the second major destination, Greece (X tons), more than tenfold. The third position in this ranking was held by Spain (X tons), with a 5.1% share.

From 2012 to 2022, the average annual growth rate of volume to France stood at +20.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (+53.9% per year) and Spain (+26.2% per year).

In value terms, France ($X) remains the key foreign market for polishes for coachwork exports from Luxembourg, comprising 62% of total exports. The second position in the ranking was taken by Finland ($X), with a 5.4% share of total exports. It was followed by Germany, with a 5% share.

From 2012 to 2022, the average annual growth rate of value to France amounted to +28.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+75.8% per year) and Germany (+24.6% per year).

Export Prices by Country

In 2022, the average polishes for coachwork export price amounted to $X per ton, with an increase of 31% against the previous year. In general, the export price saw a remarkable increase. The growth pace was the most rapid in 2021 an increase of 37%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2022, the 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 ($X per ton), while the average price for exports to Austria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.

Polishes For Coachwork Imports

Imports into Luxembourg

In 2022, overseas purchases of polishes for coachwork decreased by -39.1% to X tons, falling for the fourth year in a row after two years of growth. Over the period under review, imports recorded a pronounced contraction. The pace of growth appeared the most rapid in 2018 with an increase of 41% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, polishes for coachwork imports dropped sharply to $X in 2022. Overall, total imports indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -36.6% against 2018 indices. The pace of growth was the most pronounced in 2018 when imports increased by 39% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Germany (X tons), France (X tons) and the Netherlands (X tons) were the main suppliers of polishes for coachwork imports to Luxembourg, together accounting for 77% of total imports. Belgium, the Czech Republic and China lagged somewhat behind, together comprising a further 15%.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +87.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest polishes for coachwork suppliers to Luxembourg were Germany ($X), France ($X) and Belgium ($X), together comprising 77% of total imports. The Netherlands, China and the Czech Republic lagged somewhat behind, together accounting for a further 11%.

In terms of the main suppliers, China, with a CAGR of +59.4%, 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 polishes for coachwork import price stood at $X per ton in 2022, jumping by 28% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.2%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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