Luxembourg: Polycarbonate Market 2024

Polycarbonate Market Size in Luxembourg

The Luxembourg polycarbonate market dropped markedly to $X in 2022, shrinking by -39.7% against the previous year. Overall, consumption continues to indicate a pronounced slump. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Polycarbonate Production in Luxembourg

In value terms, polycarbonate production dropped to $X in 2022 estimated in export price. Overall, production showed a abrupt contraction. The growth pace was the most rapid in 2021 with an increase of 14%. Polycarbonate production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Polycarbonate Exports

Exports from Luxembourg

In 2022, overseas shipments of polycarbonates (in primary forms) increased by 40% to X tons, rising for the third year in a row after two years of decline. In general, exports saw significant growth. The most prominent rate of growth was recorded in 2015 when exports increased by 2,205% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, polycarbonate exports shrank rapidly to $X in 2022. Overall, exports continue to indicate significant growth. The growth pace was the most rapid in 2015 when exports increased by 9,568% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then dropped dramatically in the following year.

Exports by Country

The UK (X tons), Italy (X tons) and France (X kg) were the main destinations of polycarbonate exports from Luxembourg, together comprising 78% of total exports.

From 2013 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +1,133.6%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) remains the key foreign market for polycarbonates (in primary forms) exports from Luxembourg, comprising 42% of total exports. The second position in the ranking was held by the UK ($X), with a 20% share of total exports. It was followed by the Netherlands, with a 15% share.

From 2013 to 2022, the average annual growth rate of value to Italy totaled -42.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+1,292.1% per year) and the Netherlands (+6.9% per year).

Export Prices by Country

In 2022, the average polycarbonate export price amounted to $X per ton, reducing by -41.7% against the previous year. In general, the export price saw a deep reduction. The growth pace was the most rapid in 2015 when the average export price increased by 319%. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+12.6%), while the prices for the other major destinations experienced more modest paces of growth.

Polycarbonate Imports

Imports into Luxembourg

In 2022, supplies from abroad of polycarbonates (in primary forms) decreased by -67.7% to X tons, falling for the second consecutive year after five years of growth. Overall, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 438%. Over the period under review, imports attained the maximum at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, polycarbonate imports soared to $X in 2022. In general, imports, however, recorded a significant increase. The pace of growth was the most pronounced in 2018 when imports increased by 186% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

Belgium (X tons), the United States (X tons) and the Netherlands (X tons) were the main suppliers of polycarbonate imports to Luxembourg, with a combined 87% share of total imports. These countries were followed by Germany, the UK, Italy and France, which together accounted for a further 13%.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +261.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), the United States ($X) and France ($X) appeared to be the largest polycarbonate suppliers to Luxembourg, with a combined 87% share of total imports. These countries were followed by the Netherlands, Italy, Germany and the UK, which together accounted for a further 12%.

The UK, with a CAGR of +307.8%, recorded the highest rates of growth with regard to the value of imports, among 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 2022, the average polycarbonate import price amounted to $X per ton, with an increase of 265% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 France ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+12.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :