Luxembourg: Safety Glass Market 2024

Safety Glass Market Size in Luxembourg

In 2022, the Luxembourg safety glass market increased by 561% to $X, rising for the third year in a row after two years of decline. Overall, consumption posted a significant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Safety Glass Production in Luxembourg

In value terms, safety glass production shrank to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when the production volume increased by 18% against the previous year. Safety glass production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Safety Glass Exports

Exports from Luxembourg

Safety glass exports from Luxembourg declined notably to X square meters in 2022, shrinking by -28% compared with 2021 figures. Over the period under review, exports, however, continue to indicate mild growth. The pace of growth was the most pronounced in 2016 with an increase of 20% against the previous year. The exports peaked at X square meters in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, safety glass exports shrank significantly to $X in 2022. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 22%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

France (X square meters), Germany (X square meters) and Belgium (X square meters) were the main destinations of safety glass exports from Luxembourg, with a combined 84% share of total exports. These countries were followed by the Netherlands, Spain, Austria and Italy, which together accounted for a further 12%.

From 2012 to 2021, the biggest increases were recorded for Austria (with a CAGR of +30.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for safety glass exports from Luxembourg, comprising 52% of total exports. The second position in the ranking was held by France ($X), with a 22% share of total exports. It was followed by Belgium, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to Germany stood at +4.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+8.3% per year) and Belgium (-2.9% per year).

Export Prices by Country

The average safety glass export price stood at $X per square meter in 2021, picking up by 3.6% against the previous year. Overall, the export price, however, showed a slight shrinkage. The pace of growth appeared the most rapid in 2013 when the average export price increased by 21% against the previous year. As a result, the export price attained the peak level of $X per square meter. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per square meter), while the average price for exports to Spain ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+10.1%), while the prices for the other major destinations experienced more modest paces of growth.

Safety Glass Imports

Imports into Luxembourg

In 2022, overseas purchases of safety glass increased by 16% to X square meters, rising for the second year in a row after two years of decline. Overall, imports posted a buoyant increase. The pace of growth appeared the most rapid in 2018 with an increase of 69%. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, safety glass imports fell to $X in 2022. In general, total imports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +15.7% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of 35%. Imports peaked at $X in 2021, and then contracted in the following year.

Imports by Country

In 2021, Germany (X square meters) constituted the largest supplier of safety glass to Luxembourg, with a 59% share of total imports. Moreover, safety glass imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X square meters), fourfold. The third position in this ranking was taken by Spain (X square meters), with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany totaled +6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+12.3% per year) and Spain (+23.6% per year).

In value terms, the largest safety glass suppliers to Luxembourg were Germany ($X), Belgium ($X) and France ($X), with a combined 84% share of total imports. These countries were followed by the UK, the United States, Spain and Hungary, which together accounted for a further 10%.

In terms of the main suppliers, Hungary, with a CAGR of +74.6%, saw 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

In 2021, the average safety glass import price amounted to $X per square meter, with an increase of 10% against the previous year. In general, the import price, however, saw a noticeable decline. The pace of growth appeared the most rapid in 2016 an increase of 22%. The import price peaked at $X per square meter in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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 ($X per square meter), while the price for Hungary ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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