Luxembourg: Non-Reinforced Rubber Tubing Market 2024

Non-Reinforced Rubber Tubing Market Size in Luxembourg

In 2021, the Luxembourg non-reinforced rubber tubing market increased by 33% to $X, rising for the fifth year in a row after two years of decline. Overall, consumption enjoyed a remarkable increase. Non-reinforced rubber tubing consumption peaked in 2021 and is likely to continue growth in the near future.

Non-Reinforced Rubber Tubing Exports

Exports from Luxembourg

In 2021, approx. X tons of rubber tubing not reinforced were exported from Luxembourg; with an increase of 76% compared with the previous year's figure. Overall, exports recorded significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by 525% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, non-reinforced rubber tubing exports soared to $X in 2021. Over the period under review, exports posted a strong expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 303%. Over the period under review, the exports reached the maximum at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for non-reinforced rubber tubing exports from Luxembourg, with a 73% share of total exports. Moreover, non-reinforced rubber tubing exports to Germany exceeded the volume sent to the second major destination, France (X tons), more than tenfold. The third position in this ranking was held by Belgium (X tons), with a 2.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany totaled +63.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-4.7% per year) and Belgium (-0.1% per year).

In value terms, Germany ($X) remains the key foreign market for rubber tubing not reinforced exports from Luxembourg, comprising 53% of total exports. The second position in the ranking was held by Turkey ($X), with a 4.1% share of total exports. It was followed by Russia, with a 4.1% share.

From 2012 to 2021, the average annual growth rate of value to Germany totaled +57.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+35.4% per year) and Russia (+50.2% per year).

Export Prices by Country

In 2021, the average non-reinforced rubber tubing export price amounted to $X per ton, reducing by -4.4% against the previous year. In general, the export price continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2018 when the average export price increased by 96% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Belgium ($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 Russia (-2.7%), while the prices for the other major destinations experienced a decline.

Non-Reinforced Rubber Tubing Imports

Imports into Luxembourg

In 2021, overseas purchases of rubber tubing not reinforced increased by 47% to X tons, rising for the second year in a row after two years of decline. In general, imports enjoyed a significant increase. The pace of growth appeared the most rapid in 2017 when imports increased by 268%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, non-reinforced rubber tubing imports soared to $X in 2021. Overall, imports enjoyed a resilient increase. The pace of growth was the most pronounced in 2017 when imports increased by 126%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) was the main supplier of non-reinforced rubber tubing to Luxembourg, with a 97% share of total imports. It was followed by Belgium (X tons), with a 2.1% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany stood at +30.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+21.1% per year) and Italy (-15.3% per year).

In value terms, Germany ($X) constituted the largest supplier of rubber tubing not reinforced to Luxembourg, comprising 89% of total imports. The second position in the ranking was held by Belgium ($X), with a 6.3% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to +15.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+6.0% per year) and Italy (-15.4% per year).

Import Prices by Country

The average non-reinforced rubber tubing import price stood at $X per ton in 2021, falling by -16.7% against the previous year. Over the period under review, the import price saw a abrupt decrease. The most prominent rate of growth was recorded in 2018 an increase of 17% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Germany ($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 (-0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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