Luxembourg: Market for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers 2021

Market Size for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers in Luxembourg

The Luxembourg market for iron, steel or aluminium reservoirs, tanks, vats and similar containers was finally on the rise to reach $X in 2020, after two years of decline. Over the period under review, consumption recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 when the market value increased by X% y-o-y. As a result, consumption reached the peak level of $X. from 2013 to 2020, the growth of the market failed to regain the momentum.

Exports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Exports from Luxembourg

In 2020, approx. X tons of iron, steel or aluminium reservoirs, tanks, vats and similar containers were exported from Luxembourg; flattening at the year before. Over the period under review, exports recorded a relatively flat trend pattern. Exports peaked in 2020 and are expected to retain growth in the near future.

In value terms, iron, steel or aluminium reservoir exports surged to $X in 2020. In general, total exports indicated strong growth from 2007 to 2020: its value decreased at an average annual rate of X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2008 when exports increased by X% year-to-year. Over the period under review, exports reached the maximum in 2020 and are expected to retain growth in the near future.

Exports by Country

Germany (X tons), the Netherlands (X tons) and Belgium (X tons) were the main destinations of iron, steel or aluminium reservoir exports from Luxembourg, together accounting for X% of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands, while exports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and France ($X) constituted the largest markets for iron, steel or aluminium reservoir exported from Luxembourg worldwide, together comprising X% of total exports.

In terms of the main countries of destination, Germany saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for iron, steel or aluminium reservoirs, tanks, vats and similar containers stood at $X per ton in 2020, approximately reflecting the previous year. Overall, the export price saw a relatively flat trend pattern. Over the period under review, average export prices attained the peak figure in 2020 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Imports into Luxembourg

In 2020, after two years of decline, there was significant growth in overseas purchases of iron, steel or aluminium reservoirs, tanks, vats and similar containers, when their volume increased by X% to X tons. Overall, imports posted a temperate expansion. The most prominent rate of growth was recorded in 2012 with an increase of X% year-to-year. As a result, imports reached the peak of X tons. from 2013 to 2020, the growth imports remained at a lower figure.

In value terms, iron, steel or aluminium reservoir imports skyrocketed to $X in 2020. In general, total imports indicated a mild increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2012 with an increase of X% against the previous year. As a result, imports reached the peak of $X. from 2013 to 2020, the growth imports failed to regain the momentum.

Imports by Country

Poland (X tons), Germany (X tons) and China (X tons) were the main suppliers of iron, steel or aluminium reservoir imports to Luxembourg, together accounting for X% of total imports.

From 2007 to 2020, the biggest increases were in China (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Poland ($X) and China ($X) appeared to be the largest iron, steel or aluminium reservoir suppliers to Luxembourg, together accounting for X% of total imports.

Among the main suppliers, China (+X% per year) saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average import price for iron, steel or aluminium reservoirs, tanks, vats and similar containers amounted to $X per ton, surging by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average import price increased by X% y-o-y. The import price peaked at $X per ton in 2007; however, from 2008 to 2020, import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Turkey, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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