Luxembourg: Prefabricated Buildings Market 2024

Prefabricated Buildings Market Size in Luxembourg

The Luxembourg prefabricated buildings market dropped significantly to $X in 2022, with a decrease of -39.3% against the previous year. In general, consumption, however, recorded strong growth. As a result, consumption attained the peak level of $X, and then declined sharply in the following year.

Prefabricated Buildings Production in Luxembourg

In value terms, prefabricated buildings production shrank significantly to $X in 2022 estimated in export price. Over the period under review, production, however, showed resilient growth. The growth pace was the most rapid in 2021 with an increase of 76% against the previous year. Prefabricated buildings production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Prefabricated Buildings Exports

Exports from Luxembourg

In 2022, the amount of prefabricated buildings exported from Luxembourg expanded sharply to X units, surging by 6.1% against the previous year's figure. Overall, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 when exports increased by 41%. As a result, the exports attained the peak of X units. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, prefabricated buildings exports expanded remarkably to $X in 2022. In general, exports saw a mild expansion. The pace of growth appeared the most rapid in 2018 when exports increased by 29%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X units) was the main destination for prefabricated buildings exports from Luxembourg, with a 45% share of total exports. Moreover, prefabricated buildings exports to Germany exceeded the volume sent to the second major destination, Poland (X units), threefold. The third position in this ranking was taken by France (X units), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (-1.0% per year) and France (-5.1% per year).

In value terms, Germany ($X) remains the key foreign market for prefabricated buildings exports from Luxembourg, comprising 43% of total exports. The second position in the ranking was taken by Poland ($X), with a 15% share of total exports. It was followed by France, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany amounted to +1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (-0.1% per year) and France (-3.5% per year).

Export Prices by Country

In 2022, the average prefabricated buildings export price amounted to $X per unit, picking up by 4.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The growth pace was the most rapid in 2021 an increase of 18%. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see steady growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.

Prefabricated Buildings Imports

Imports into Luxembourg

In 2022, approx. X units of prefabricated buildings were imported into Luxembourg; falling by -4.4% against 2021. Overall, imports showed a pronounced downturn. The growth pace was the most rapid in 2020 with an increase of 68%. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, prefabricated buildings imports declined slightly to $X in 2022. Over the period under review, total imports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +3.0% 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 +84.2% against 2017 indices. The most prominent rate of growth was recorded in 2018 with an increase of 33% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then dropped in the following year.

Imports by Country

In 2022, Germany (X units) constituted the largest prefabricated buildings supplier to Luxembourg, accounting for a 41% share of total imports. Moreover, prefabricated buildings imports from Germany exceeded the figures recorded by the second-largest supplier, Switzerland (X units), threefold. The third position in this ranking was taken by Belgium (X units), with a 9.4% share.

From 2012 to 2022, the average annual growth rate of volume from Germany stood at -7.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+153.5% per year) and Belgium (-16.2% per year).

In value terms, Germany ($X) constituted the largest supplier of prefabricated buildings to Luxembourg, comprising 40% of total imports. The second position in the ranking was taken by Belgium ($X), with a 12% share of total imports. It was followed by France, with an 8.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled -2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-2.5% per year) and France (+23.1% per year).

Import Prices by Country

In 2022, the average prefabricated buildings import price amounted to $X per unit, flattening at the previous year. Over the period under review, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +7.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, prefabricated buildings import price increased by +53.1% against 2020 indices. The growth pace was the most rapid in 2021 when the average import price increased by 52% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2022, 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 Austria ($X per unit), while the price for Switzerland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+16.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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