Luxembourg: Ride-On Compaction Equipment Market 2024

Ride-On Compaction Equipment Market Size in Luxembourg

The Luxembourg ride-on compaction equipment market shrank sharply to $X in 2022, dropping by -53.6% against 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). Over the period under review, consumption faced a abrupt slump. Ride-on compaction equipment consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Ride-On Compaction Equipment Exports

Exports from Luxembourg

After two years of growth, overseas shipments of ride-on compaction equipment decreased by -44.8% to X units in 2022. In general, exports showed a abrupt decrease. The pace of growth was the most pronounced in 2015 when exports increased by 682% against the previous year. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, ride-on compaction equipment exports dropped sharply to $X in 2022. Overall, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when exports increased by 169%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Belgium (X units), Germany (X units) and Poland (X units) were the main destinations of ride-on compaction equipment exports from Luxembourg, with a combined 88% share of total exports. Moreover, ride-on compaction equipment exports in Belgium exceeded the figures recorded by the second-largest exporter, Germany, twofold.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of +29.7%), while the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X) emerged as the key foreign market for ride-on compaction equipment exports from Luxembourg, comprising 67% of total exports. The second position in the ranking was held by Germany ($X), with a 28% share of total exports. It was followed by Georgia, with a 2.7% share.

From 2012 to 2022, the average annual growth rate of value to Belgium stood at +73.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-6.5% per year) and Georgia (-30.3% per year).

Export Prices by Country

The average ride-on compaction equipment export price stood at $X per unit in 2022, dropping by -1.6% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 1,944%. As a result, the export price attained the peak level of $X per unit. From 2017 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the average price for exports to Poland ($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 Belgium (+33.7%), while the prices for the other major destinations experienced a decline.

Ride-On Compaction Equipment Imports

Imports into Luxembourg

In 2022, the amount of ride-on compaction equipment imported into Luxembourg shrank significantly to X units, declining by -63.5% on 2021. Over the period under review, imports saw a abrupt descent. The most prominent rate of growth was recorded in 2014 when imports increased by 87% against the previous year. Imports peaked at X units in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, ride-on compaction equipment imports reduced dramatically to $X in 2022. In general, imports faced a abrupt contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 64% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Belgium (X units), Germany (X units) and France (X units) were the main suppliers of ride-on compaction equipment imports to Luxembourg, with a combined 84% share of total imports. The Czech Republic and Italy lagged somewhat behind, together comprising a further 14%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of +123.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of ride-on compaction equipment to Luxembourg, comprising 51% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a 23% share of total imports. It was followed by Belgium, with a 20% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled -16.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+81.0% per year) and Belgium (+2.1% per year).

Import Prices by Country

In 2022, the average ride-on compaction equipment import price amounted to $X per unit, increasing by 125% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The import price peaked at $X per unit in 2013; however, from 2014 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 the Czech Republic ($X per unit), while the price for Italy ($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 (+1.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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