Luxembourg: Poultry-Keeping Machinery Market 2024

Poultry-Keeping Machinery Market Size in Luxembourg

For the fourth year in a row, the Luxembourg poultry-keeping machinery market recorded growth in sales value, which increased by 0.4% to $X in 2022. Over the period under review, consumption showed a noticeable downturn. The most prominent rate of growth was recorded in 2016 when the market value increased by 8.8% against the previous year. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Poultry-Keeping Machinery Production in Luxembourg

In value terms, poultry-keeping machinery production amounted to $X in 2022 estimated in export price. In general, production showed a noticeable contraction. The pace of growth was the most pronounced in 2017 when the production volume increased by 8.3% against the previous year. Poultry-keeping machinery production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Poultry-Keeping Machinery Exports

Exports from Luxembourg

Poultry-keeping machinery exports from Luxembourg plummeted to less than X units in 2022, dropping by 99.9% against the previous year's figure. In general, exports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 50%. Over the period under review, the exports reached the maximum at X units in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, poultry-keeping machinery exports reduced notably to $X in 2022. Overall, exports faced a dramatic decrease. The most prominent rate of growth was recorded in 2020 with an increase of 108%. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Austria (X units), the Netherlands (X units) and Italy (X units) were the main destinations of poultry-keeping machinery exports from Luxembourg.

From 2015 to 2021, the biggest increases were recorded for Austria (with a CAGR of 0.0%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the Netherlands ($X) emerged as the key foreign market for poultry-keeping machinery exports from Luxembourg, comprising 52% of total exports. The second position in the ranking was taken by Austria ($X), with a 24% share of total exports. It was followed by Italy, with a 19% share.

From 2015 to 2021, the average annual rate of growth in terms of value to the Netherlands stood at -34.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (0.0% per year) and Italy (-39.2% per year).

Export Prices by Country

The average poultry-keeping machinery export price stood at $X per unit in 2022, surging by 345% against the previous year. Over the period under review, the export price posted a strong increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for France.

From 2015 to 2022, the rate of growth in terms of prices for the Netherlands amounted to +1.3% per year.

Poultry-Keeping Machinery Imports

Imports into Luxembourg

In 2022, supplies from abroad of poultry-keeping machinery decreased by -14.3% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, imports recorded a deep slump. The pace of growth was the most pronounced in 2016 with an increase of 1,500%. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, poultry-keeping machinery imports declined significantly to $X in 2022. In general, imports continue to indicate a dramatic descent. The pace of growth was the most pronounced in 2016 with an increase of 4,323% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Belgium (X units) constituted the largest poultry-keeping machinery supplier to Luxembourg, with a 89% share of total imports. Moreover, poultry-keeping machinery imports from Belgium exceeded the figures recorded by the second-largest supplier, Germany (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Belgium stood at +1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-30.5% per year) and China (-50.0% per year).

In value terms, Belgium ($X) constituted the largest supplier of poultry-keeping machinery to Luxembourg, comprising 61% of total imports. The second position in the ranking was held by Germany ($X), with a 26% share of total imports. It was followed by China, with a 6.4% share.

From 2012 to 2022, the average annual growth rate of value from Belgium totaled +28.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-33.5% per year) and China (+74.4% per year).

Import Prices by Country

The average poultry-keeping machinery import price stood at $X per unit in 2022, dropping by -34.4% against the previous year. In general, the import price showed a sharp contraction. The growth pace was the most rapid in 2016 an increase of 171%. As a result, import price reached the peak level of $X per unit. From 2017 to 2022, the average import prices failed to regain momentum.

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 Germany ($X per unit), while the price for Belgium ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+90.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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