Luxembourg: Market for Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride 2024

Market Size for Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride in Luxembourg

The Luxembourg market for rigid tubes, pipes and hoses of polymers of vinyl chloride surged to $X in 2022, rising by 45% 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, however, recorded a perceptible decrease. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Exports of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride

Exports from Luxembourg

In 2022, approx. X tons of rigid tubes, pipes and hoses of polymers of vinyl chloride were exported from Luxembourg; reducing by -25.6% compared with 2021 figures. In general, exports, however, posted a resilient increase. The pace of growth was the most pronounced in 2018 when exports increased by 66%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, vinyl chloride polymer rigid pipes exports shrank notably to $X in 2022. Overall, exports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of 114%. The exports peaked at $X in 2021, and then contracted notably in the following year.

Exports by Country

The UK (X tons) was the main destination for vinyl chloride polymer rigid pipes exports from Luxembourg, accounting for a 62% share of total exports. Moreover, vinyl chloride polymer rigid pipes exports to the UK exceeded the volume sent to the second major destination, Norway (X tons), fourfold. Spain (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume to the UK totaled +3.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+53.0% per year) and Spain (+34.3% per year).

In value terms, the largest markets for vinyl chloride polymer rigid pipes exported from Luxembourg were the UK ($X), Norway ($X) and Spain ($X), together comprising 91% of total exports.

Among the main countries of destination, Norway, with a CAGR of +64.2%, saw the highest growth rate of 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 rigid tubes, pipes and hoses of polymers of vinyl chloride stood at $X per ton in 2022, which is down by -17.7% against the previous year. Over the period under review, export price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vinyl chloride polymer rigid pipes export price increased by +23.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of 50%. As a result, the export price reached the peak level of $X per ton, and then declined remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride

Imports into Luxembourg

In 2022, overseas purchases of rigid tubes, pipes and hoses of polymers of vinyl chloride increased by 31% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a deep reduction. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, vinyl chloride polymer rigid pipes imports soared to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of vinyl chloride polymer rigid pipes to Luxembourg, accounting for a 67% share of total imports. Moreover, vinyl chloride polymer rigid pipes imports from Germany exceeded the figures recorded by the second-largest supplier, the United States (X tons), fivefold. Belgium (X tons) ranked third in terms of total imports with a 9.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany stood at -9.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+15.3% per year) and Belgium (-11.5% per year).

In value terms, Germany ($X), the United States ($X) and Belgium ($X) were the largest vinyl chloride polymer rigid pipes suppliers to Luxembourg, together accounting for 92% of total imports. France, Italy and the Czech Republic lagged somewhat behind, together accounting for a further 4.9%.

In terms of the main suppliers, the Czech Republic, with a CAGR of +62.6%, recorded 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

The average import price for rigid tubes, pipes and hoses of polymers of vinyl chloride stood at $X per ton in 2022, growing by 2.3% against the previous year. Over the period under review, import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vinyl chloride polymer rigid pipes import price increased by +49.5% against 2019 indices. The most prominent rate of growth was recorded in 2017 an increase of 28% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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