Luxembourg: Textile Rubber Hose Market 2024

Textile Rubber Hose Market Size in Luxembourg

In 2021, the Luxembourg textile rubber hose market increased by 22% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption recorded a noticeable expansion. Textile rubber hose consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Textile Rubber Hose Production in Luxembourg

In value terms, textile rubber hose production surged to $X in 2021 estimated in export price. Overall, production saw a moderate expansion. The most prominent rate of growth was recorded in 2015 with an increase of 114% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2021, production growth failed to regain momentum.

Textile Rubber Hose Exports

Exports from Luxembourg

In 2021, after five years of decline, there was significant growth in overseas shipments of rubber hose reinforced with textiles, when their volume increased by 19% to X tons. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 73% against the previous year. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, textile rubber hose exports soared to $X in 2021. In general, exports recorded a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons), Belgium (X tons) and Germany (X tons) were the main destinations of textile rubber hose exports from Luxembourg, with a combined 69% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +67.1%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) emerged as the key foreign market for rubber hose reinforced with textiles exports from Luxembourg, comprising 39% of total exports. The second position in the ranking was taken by Belgium ($X), with a 9.3% share of total exports. It was followed by Italy, with an 8.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +87.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-5.6% per year) and Italy (+17.0% per year).

Export Prices by Country

The average textile rubber hose export price stood at $X per ton in 2021, rising by 31% against the previous year. Overall, the export price enjoyed prominent growth. The pace of growth appeared the most rapid in 2020 when the average export price increased by 80%. Over the period under review, the average export prices hit record highs in 2021 and is likely to see steady growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+12.2%), while the prices for the other major destinations experienced more modest paces of growth.

Textile Rubber Hose Imports

Imports into Luxembourg

In 2021, the amount of rubber hose reinforced with textiles imported into Luxembourg soared to X tons, growing by 27% on the previous year's figure. The total import volume increased at an average annual rate of +2.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, textile rubber hose imports rose rapidly to $X in 2021. The total import value increased at an average annual rate of +1.4% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 13%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Germany (X tons), Belgium (X tons) and France (X tons) were the main suppliers of textile rubber hose imports to Luxembourg, together comprising 91% of total imports. The United States and the Netherlands lagged somewhat behind, together accounting for a further 6.7%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +43.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Germany ($X) and the United States ($X) appeared to be the largest textile rubber hose suppliers to Luxembourg, with a combined 82% share of total imports. These countries were followed by France and the Netherlands, which together accounted for a further 11%.

Among the main suppliers, the Netherlands, with a CAGR of +31.9%, recorded the highest rates of growth with regard to 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 textile rubber hose import price stood at $X per ton in 2021, dropping by -14.4% against the previous year. Over the period under review, the import price showed a slight curtailment. The most prominent rate of growth was recorded in 2013 when the average import price increased by 28% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+13.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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