Luxembourg: Safety Seat Belt Market 2024

Safety Seat Belt Market Size in Luxembourg

The Luxembourg safety seat belt market rose modestly to $X in 2022, surging by 2.8% 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). In general, consumption recorded a strong increase. Safety seat belt consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Safety Seat Belt Exports

Exports from Luxembourg

Safety seat belt exports from Luxembourg contracted sharply to X units in 2022, falling by -36.4% on the previous year. Overall, exports saw a abrupt decrease. The most prominent rate of growth was recorded in 2017 when exports increased by 497% against the previous year. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, safety seat belt exports fell notably to $X in 2022. Over the period under review, exports recorded a abrupt descent. The most prominent rate of growth was recorded in 2017 when exports increased by 464% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then shrank notably in the following year.

Exports by Country

Germany (X units), Belgium (X units) and France (X units) were the main destinations of safety seat belt exports from Luxembourg, together comprising 97% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of +29.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for safety seat belt exported from Luxembourg were Germany ($X), Belgium ($X) and France ($X), with a combined 97% share of total exports.

France, with a CAGR of +27.1%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average safety seat belt export price amounted to $X per unit, shrinking by -40.7% against the previous year. In general, the export price showed a slight shrinkage. The growth pace was the most rapid in 2021 when the average export price increased by 46% against the previous year. As a result, the export price attained the peak level of $X per unit, and then declined sharply in the following year.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Belgium ($X per unit) and France ($X per unit), while the average price for exports to Romania ($X per unit) and Germany ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (-1.2%), while the prices for the other major destinations experienced a decline.

Safety Seat Belt Imports

Imports into Luxembourg

For the third year in a row, Luxembourg recorded growth in supplies from abroad of safety seat belts, which increased by 11% to X units in 2022. Overall, imports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of 137%. Over the period under review, imports reached the peak figure at X units in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, safety seat belt imports reduced to $X in 2022. In general, imports showed a strong increase. The pace of growth appeared the most rapid in 2013 when imports increased by 150%. Imports peaked at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X units) constituted the largest safety seat belt supplier to Luxembourg, accounting for a 63% share of total imports. Moreover, safety seat belt imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X units), threefold. France (X units) ranked third in terms of total imports with a 5.4% share.

From 2012 to 2022, the average annual growth rate of volume from Germany totaled +12.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+17.2% per year) and France (+6.6% per year).

In value terms, Germany ($X) constituted the largest supplier of safety seat belts to Luxembourg, comprising 63% of total imports. The second position in the ranking was taken by Belgium ($X), with a 20% share of total imports. It was followed by France, with a 5.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at +10.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+13.7% per year) and France (+4.1% per year).

Import Prices by Country

In 2022, the average safety seat belt import price amounted to $X per unit, with a decrease of -12.3% against the previous year. Over the period under review, the import price showed a pronounced decrease. The pace of growth was the most pronounced in 2018 when the average import price increased by 9.6%. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were France ($X per unit) and Germany ($X per unit), while the price for the UK ($X per unit) and Belgium ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-2.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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