Luxembourg: Market for Prepared Additives For Cements, Mortars Or Concretes 2024

Market Size for Prepared Additives For Cements, Mortars Or Concretes in Luxembourg

In 2022, the Luxembourg prepared additives for cements market increased by 2.1% to $X, rising for the second year in a row after two years of decline. Overall, the total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +29.6% against 2020 indices. Prepared additives for cements consumption peaked in 2022 and is expected to retain growth in years to come.

Exports of Prepared Additives For Cements, Mortars Or Concretes

Exports from Luxembourg

In 2022, shipments abroad of prepared additives for cements, mortars or concretes increased by 8.7% to X tons, rising for the fourth year in a row after four years of decline. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 50% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, prepared additives for cements exports rose rapidly to $X in 2022. In general, exports recorded resilient growth. The pace of growth appeared the most rapid in 2020 with an increase of 95%. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the near future.

Exports by Country

France (X tons) was the main destination for prepared additives for cements exports from Luxembourg, accounting for a 88% share of total exports. Moreover, prepared additives for cements exports to France exceeded the volume sent to the second major destination, Belgium (X tons), tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to France amounted to +14.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-15.7% per year) and Germany (-14.5% per year).

In value terms, France ($X) remains the key foreign market for prepared additives for cements, mortars or concretes exports from Luxembourg, comprising 93% of total exports. The second position in the ranking was held by Belgium ($X), with a 4.5% share of total exports.

From 2012 to 2022, the average annual growth rate of value to France amounted to +21.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-9.6% per year) and Germany (-14.9% per year).

Export Prices by Country

In 2022, the average prepared additives for cements export price amounted to $X per ton, dropping by -2.4% against the previous year. In general, the export price, however, continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2018 an increase of 62%. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then fell modestly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Belgium ($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 Belgium (+7.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Prepared Additives For Cements, Mortars Or Concretes

Imports into Luxembourg

After two years of growth, overseas purchases of prepared additives for cements, mortars or concretes decreased by -9.1% to X tons in 2022. Over the period under review, total imports indicated moderate growth from 2012 to 2022: its volume increased at an average annual rate of +4.9% 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 +38.9% against 2017 indices. The most prominent rate of growth was recorded in 2021 with an increase of 27% against the previous year. As a result, imports attained the peak of X tons, and then shrank in the following year.

In value terms, prepared additives for cements imports totaled $X in 2022. In general, total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +6.8% 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 +33.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 27% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Belgium (X tons), Germany (X tons) and France (X tons) were the main suppliers of prepared additives for cements imports to Luxembourg, with a combined 82% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +34.1%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest prepared additives for cements suppliers to Luxembourg were Belgium ($X), Germany ($X) and France ($X), together comprising 80% of total imports.

Belgium, with a CAGR of +38.7%, saw the highest rates of growth with regard to the value of imports, in terms of 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 prepared additives for cements import price amounted to $X per ton, with an increase of 16% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a 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 Belgium ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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