Luxembourg: Pump For Liquid Market 2024

Pump For Liquid Market Size in Luxembourg

The Luxembourg pump for liquid market amounted to $X in 2021, with an increase of 3.4% against the previous year. Over the period under review, consumption recorded prominent growth. Pump for liquid consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Pump For Liquid Production in Luxembourg

In value terms, pump for liquid production soared to $X in 2021 estimated in export price. In general, production posted a buoyant increase. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Pump For Liquid Exports

Exports from Luxembourg

In 2021, overseas shipments of pumps for liquids and liquid elevators increased by 86% to X units, rising for the fourth consecutive year after five years of decline. Over the period under review, exports continue to indicate a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, pump for liquid exports skyrocketed to $X in 2021. Overall, exports, however, saw a slight decrease. The most prominent rate of growth was recorded in 2018 with an increase of 95% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X units) was the main destination for pump for liquid exports from Luxembourg, with a 30% share of total exports. Moreover, pump for liquid exports to Germany exceeded the volume sent to the second major destination, Turkey (X units), threefold. The third position in this ranking was held by the UK (X units), with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany stood at +16.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+61.6% per year) and the UK (+17.3% per year).

In value terms, the United States ($X), Germany ($X) and the UK ($X) constituted the largest markets for pump for liquid exported from Luxembourg worldwide, together accounting for 40% of total exports. These countries were followed by Turkey, France, Norway, Spain, the Netherlands, Oman, Switzerland, Sweden, Ireland and Belgium, which together accounted for a further 31%.

Turkey, with a CAGR of +28.9%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average pump for liquid export price amounted to $X per unit, declining by -37.6% against the previous year. Over the period under review, the export price showed a deep contraction. The most prominent rate of growth was recorded in 2018 an increase of 32% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2016; however, from 2017 to 2021, 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 the United States ($X per unit), while the average price for exports to Germany ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+0.4%), while the prices for the other major destinations experienced a decline.

Pump For Liquid Imports

Imports into Luxembourg

In 2021, approx. X units of pumps for liquids and liquid elevators were imported into Luxembourg; picking up by 12% compared with the previous year's figure. Overall, imports saw a strong increase. The growth pace was the most rapid in 2020 with an increase of 87%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, pump for liquid imports rose markedly to $X in 2021. The total import value increased at an average annual rate of +1.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of 25%. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Ireland (X units) constituted the largest pump for liquid supplier to Luxembourg, with a 40% share of total imports. Moreover, pump for liquid imports from Ireland exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The third position in this ranking was held by Belgium (X units), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Ireland stood at +14.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+16.1% per year) and Belgium (+19.3% per year).

In value terms, Ireland ($X) constituted the largest supplier of pumps for liquids and liquid elevators to Luxembourg, comprising 59% of total imports. The second position in the ranking was taken by Germany ($X), with an 11% share of total imports. It was followed by Italy, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from Ireland totaled +2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-2.8% per year) and Italy (+2.9% per year).

Import Prices by Country

The average pump for liquid import price stood at $X per unit in 2021, remaining constant against the previous year. Overall, the import price, however, faced a deep setback. The most prominent rate of growth was recorded in 2018 an increase of 45% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Ireland ($X per unit), while the price for the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (-4.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform