Luxembourg: Vehicle Seat Market 2024

Vehicle Seat Market Size in Luxembourg

The Luxembourg vehicle seat market dropped to $X in 2022, declining by -6.1% against the previous year. Over the period under review, consumption, however, recorded a resilient expansion. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Vehicle Seat Production in Luxembourg

In value terms, vehicle seat production shrank to $X in 2022 estimated in export price. Over the period under review, production, however, showed a strong expansion. The growth pace was the most rapid in 2017 with an increase of 80% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Vehicle Seat Exports

Exports from Luxembourg

Vehicle seat exports from Luxembourg amounted to X units in 2022, picking up by 10% on the year before. Over the period under review, exports posted a noticeable increase. The pace of growth appeared the most rapid in 2020 with an increase of 152% against the previous year. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, vehicle seat exports surged to $X in 2022. Overall, exports posted a prominent increase. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Turkey (X units), Belgium (X units) and Germany (X units) were the main destinations of vehicle seat exports from Luxembourg, with a combined 91% share 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 Turkey (with a CAGR of +42.9%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for vehicle seat exported from Luxembourg were Turkey ($X), Belgium ($X) and Germany ($X), together accounting for 92% of total exports.

Turkey, with a CAGR of +28.7%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average vehicle seat export price amounted to $X per unit, with an increase of 60% against the previous year. Overall, the export price continues to indicate a remarkable increase. The growth pace was the most rapid in 2017 when the average export price increased by 160%. Over the period under review, the average export prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Belgium ($X per unit) and Turkey ($X per unit), while the average price for exports to France ($X per unit) and Germany ($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 Germany (+12.1%), while the prices for the other major destinations experienced more modest paces of growth.

Vehicle Seat Imports

Imports into Luxembourg

In 2022, approx. X units of seats for motor vehicles were imported into Luxembourg; which is down by -25.7% against the previous year's figure. Over the period under review, imports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2017 when imports increased by 245%. Imports peaked at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, vehicle seat imports reduced rapidly to $X in 2022. In general, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 224% against the previous year. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Germany (X units) constituted the largest vehicle seat supplier to Luxembourg, accounting for a 77% share of total imports. Moreover, vehicle seat imports from Germany exceeded the figures recorded by the second-largest supplier, Poland (X units), more than tenfold. Belgium (X units) ranked third in terms of total imports with a 5% share.

From 2012 to 2022, the average annual growth rate of volume from Germany stood at -4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+17.9% per year) and Belgium (-22.5% per year).

In value terms, Germany ($X) constituted the largest supplier of seats for motor vehicles to Luxembourg, comprising 76% of total imports. The second position in the ranking was held by Poland ($X), with a 6% share of total imports. It was followed by Belgium, with a 4.9% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled +4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+29.0% per year) and Belgium (-15.3% per year).

Import Prices by Country

The average vehicle seat import price stood at $X per unit in 2022, declining by -2.7% against the previous year. Overall, the import price, however, recorded a strong expansion. The pace of growth appeared the most rapid in 2018 when the average import price increased by 67%. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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