Luxembourg: Spades And Shovels Market 2024

Spades And Shovels Market Size in Luxembourg

The Luxembourg spades and shovels market rose rapidly to $X in 2021, picking up by 5.7% 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). Over the period under review, consumption, however, recorded a abrupt curtailment. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Spades And Shovels Exports

Exports from Luxembourg

In 2021, approx. X tons of spades and shovels were exported from Luxembourg; with a decrease of -83.8% against the previous year. Over the period under review, exports continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2014 when exports increased by 308% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, spades and shovels exports reduced dramatically to $X in 2021. Overall, exports showed a abrupt contraction. The most prominent rate of growth was recorded in 2014 with an increase of 309% against the previous year. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Belgium (X tons) was the main destination for spades and shovels exports from Luxembourg, with a 74% share of total exports. Moreover, spades and shovels exports to Belgium exceeded the volume sent to the second major destination, France (X kg), fivefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Belgium totaled -4.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-10.7% per year) and Germany (-11.7% per year).

In value terms, Belgium ($X) remains the key foreign market for spades and shovels exports from Luxembourg, comprising 75% of total exports. The second position in the ranking was taken by France ($X), with a 16% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Belgium amounted to -5.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-11.8% per year) and Germany (-12.9% per year).

Export Prices by Country

In 2021, the average spades and shovels export price amounted to $X per ton, standing approx. at the previous year. Over the period under review, the export price, however, recorded a mild contraction. The pace of growth appeared the most rapid in 2018 an increase of 4.7%. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Germany ($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 Belgium (-1.1%), while the prices for the other major destinations experienced a decline.

Spades And Shovels Imports

Imports into Luxembourg

In 2021, supplies from abroad of spades and shovels decreased by -7.5% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, imports showed a deep reduction. The most prominent rate of growth was recorded in 2014 with an increase of 47%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, spades and shovels imports contracted modestly to $X in 2021. Overall, imports saw a abrupt decline. The pace of growth was the most pronounced in 2014 with an increase of 47% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest spades and shovels supplier to Luxembourg, accounting for a 66% share of total imports. Moreover, spades and shovels imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X tons), threefold. The third position in this ranking was taken by France (X tons), with a 5.6% share.

From 2012 to 2021, 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: Belgium (-18.1% per year) and France (-2.1% per year).

In value terms, Germany ($X) constituted the largest supplier of spades and shovels to Luxembourg, comprising 66% of total imports. The second position in the ranking was taken by Belgium ($X), with a 21% share of total imports. It was followed by France, with a 5.6% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled +3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-18.8% per year) and France (-3.0% per year).

Import Prices by Country

The average spades and shovels import price stood at $X per ton in 2021, surging by 5% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from the Netherlands ($X per ton) and Belgium ($X per ton), while the price for the UK ($X per ton) and Austria ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (-0.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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