Luxembourg: Non-Electric Pulley Tackle Market 2024

Non-Electric Pulley Tackle Market Size in Luxembourg

In 2022, the Luxembourg non-electric pulley tackle market increased by 1.9% to $X, rising for the second year in a row after four years of decline. Overall, consumption, however, recorded a noticeable slump. Non-electric pulley tackle consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Non-Electric Pulley Tackle Production in Luxembourg

In value terms, non-electric pulley tackle production reduced sharply to $X in 2022 estimated in export price. In general, production recorded a abrupt downturn. The most prominent rate of growth was recorded in 2018 when the production volume increased by 162% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Non-Electric Pulley Tackle Exports

Exports from Luxembourg

In 2022, approx. X units of pulley tackle and hoists, non-powered by electric motor were exported from Luxembourg; with a decrease of -53.5% against 2021 figures. Over the period under review, exports saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 524% against the previous year. As a result, the exports reached the peak of X units. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, non-electric pulley tackle exports shrank markedly to $X in 2022. In general, exports, however, enjoyed a moderate increase. The growth pace was the most rapid in 2013 with an increase of 260%. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Belgium (X units) was the main destination for non-electric pulley tackle exports from Luxembourg, accounting for a 63% share of total exports. Moreover, non-electric pulley tackle exports to Belgium exceeded the volume sent to the second major destination, France (X units), fourfold. The third position in this ranking was held by Austria (X units), with a 4.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Belgium amounted to +6.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-3.8% per year) and Austria (+20.1% per year).

In value terms, Belgium ($X) remains the key foreign market for pulley tackle and hoists, non-powered by electric motor exports from Luxembourg, comprising 67% of total exports. The second position in the ranking was taken by France ($X), with a 10% share of total exports. It was followed by Germany, with a 4.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Belgium amounted to +5.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-6.0% per year) and Germany (-1.7% per year).

Export Prices by Country

The average non-electric pulley tackle export price stood at $X per unit in 2022, surging by 34% against the previous year. In general, the export price continues to indicate strong growth. The most prominent rate of growth was recorded in 2019 an increase of 84%. The export price peaked at $X per unit 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 ($X per unit), while the average price for exports to Portugal ($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 Netherlands (+63.3%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Electric Pulley Tackle Imports

Imports into Luxembourg

In 2022, non-electric pulley tackle imports into Luxembourg reached X units, increasing by 3.9% against the year before. Overall, imports, however, continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2017 when imports increased by 73% against the previous year. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, non-electric pulley tackle imports shrank modestly to $X in 2022. Over the period under review, imports, however, saw a deep downturn. The pace of growth was the most pronounced in 2016 when imports increased by 48% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Germany (X units), Belgium (X units) and the Netherlands (X units) were the main suppliers of non-electric pulley tackle imports to Luxembourg, together accounting for 81% of total imports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +13.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and the Netherlands ($X) appeared to be the largest non-electric pulley tackle suppliers to Luxembourg, together accounting for 76% of total imports. Belgium and China lagged somewhat behind, together accounting for a further 20%.

China, with a CAGR of +18.6%, 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 mixed trend patterns.

Import Prices by Country

The average non-electric pulley tackle import price stood at $X per unit in 2022, falling by -7.4% against the previous year. Overall, the import price continues to indicate a mild downturn. The most prominent rate of growth was recorded in 2014 an increase of 114%. The import price peaked at $X per unit in 2016; however, from 2017 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 France ($X per unit), while the price for Belgium ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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