Luxembourg: Relay Market 2024

Relay Market Size in Luxembourg

The Luxembourg relay market dropped slightly to $X in 2022, approximately reflecting the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, posted a slight expansion. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Relay Exports

Exports from Luxembourg

In 2022, after two years of growth, there was significant decline in shipments abroad of relays, when their volume decreased by -32.9% to X units. In general, exports, however, posted resilient growth. The most prominent rate of growth was recorded in 2015 with an increase of 220%. The exports peaked at X units in 2021, and then fell significantly in the following year.

In value terms, relay exports shrank to $X in 2022. Overall, exports, however, posted a prominent expansion. The pace of growth appeared the most rapid in 2015 with an increase of 135% against the previous year. The exports peaked at $X in 2021, and then dropped in the following year.

Exports by Country

Belgium (X units) was the main destination for relay exports from Luxembourg, accounting for a 52% share of total exports. Moreover, relay 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 Germany (X units), with a 7.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Belgium stood at +34.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+12.8% per year) and Germany (+9.8% per year).

In value terms, Belgium ($X) remains the key foreign market for relays exports from Luxembourg, comprising 38% of total exports. The second position in the ranking was taken by France ($X), with a 15% share of total exports. It was followed by Germany, with a 9.7% share.

From 2012 to 2022, the average annual growth rate of value to Belgium stood at +34.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+3.4% per year) and Germany (+10.0% per year).

Export Prices by Country

The average relay export price stood at $X per unit in 2022, picking up by 33% against the previous year. In general, the export price, however, showed a pronounced curtailment. The most prominent rate of growth was recorded in 2016 when the average export price increased by 61% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 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 ($X per unit), while the average price for exports to Poland ($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 United States (+4.7%), while the prices for the other major destinations experienced mixed trend patterns.

Relay Imports

Imports into Luxembourg

Relay imports into Luxembourg reduced notably to X units in 2022, waning by -19.2% compared with the previous year's figure. Over the period under review, imports, however, recorded a temperate expansion. The growth pace was the most rapid in 2016 with an increase of 83%. Imports peaked at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, relay imports shrank to $X in 2022. Overall, total imports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of 47% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, Germany (X units) constituted the largest relay supplier to Luxembourg, accounting for a 48% share of total imports. Moreover, relay imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X units), threefold. The third position in this ranking was taken by France (X units), with a 9.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to +5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+2.1% per year) and France (+13.1% per year).

In value terms, Germany ($X) constituted the largest supplier of relays to Luxembourg, comprising 55% of total imports. The second position in the ranking was taken by Belgium ($X), with a 10% share of total imports. It was followed by France, with a 5.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany amounted to +3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-1.4% per year) and France (+7.9% per year).

Import Prices by Country

In 2022, the average relay import price amounted to $X per unit, picking up by 17% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 27% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for Slovenia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+18.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :