Luxembourg: Market for Table, Kitchen Or Household Articles And Parts Of Stainless Steel 2024

Market Size for Table, Kitchen Or Household Articles And Parts Of Stainless Steel in Luxembourg

In 2022, the Luxembourg stainless steel household articles market increased by 19% to $X, rising for the third year in a row after four years of decline. Overall, consumption, however, showed a slight curtailment. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Exports of Table, Kitchen Or Household Articles And Parts Of Stainless Steel

Exports from Luxembourg

In 2022, exports of table, kitchen or household articles and parts of stainless steel from Luxembourg reduced notably to X units, falling by -17.9% against 2021. Over the period under review, exports, however, recorded a strong increase. The growth pace was the most rapid in 2021 when exports increased by 350% against the previous year. As a result, the exports attained the peak of X units, and then contracted significantly in the following year.

In value terms, stainless steel household articles exports reduced markedly to $X in 2022. In general, exports, however, continue to indicate prominent growth. The pace of growth appeared the most rapid in 2021 with an increase of 190%. As a result, the exports reached the peak of $X, and then dropped significantly in the following year.

Exports by Country

France (X units) was the main destination for stainless steel household articles exports from Luxembourg, accounting for a 66% share of total exports. Moreover, stainless steel household articles exports to France exceeded the volume sent to the second major destination, Belgium (X units), threefold. The Netherlands (X units) ranked third in terms of total exports with a 3.4% share.

From 2012 to 2022, the average annual growth rate of volume to France totaled +35.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+4.5% per year) and the Netherlands (+82.1% per year).

In value terms, the largest markets for stainless steel household articles exported from Luxembourg were France ($X), Belgium ($X) and Spain ($X), together comprising 84% of total exports.

Spain, with a CAGR of +236.2%, saw the highest rates of growth with regard to 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 stainless steel household articles export price amounted to $X per unit, shrinking by -5.6% against the previous year. Overall, the export price recorded a noticeable curtailment. The pace of growth appeared the most rapid in 2019 when the average export price increased by 39%. As a result, the export price attained the peak level of $X per unit. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+5.8%), while the prices for the other major destinations experienced a decline.

Imports of Table, Kitchen Or Household Articles And Parts Of Stainless Steel

Imports into Luxembourg

In 2022, overseas purchases of table, kitchen or household articles and parts of stainless steel increased by 12% to X units, rising for the third consecutive year after four years of decline. Over the period under review, total imports indicated a slight expansion from 2012 to 2022: its volume increased at an average annual rate of +1.3% 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 +80.0% against 2019 indices. The pace of growth was the most pronounced in 2015 when imports increased by 42% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, stainless steel household articles imports rose markedly to $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 34%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the Netherlands (X units) constituted the largest supplier of stainless steel household articles to Luxembourg, accounting for a 37% share of total imports. Moreover, stainless steel household articles imports from the Netherlands exceeded the figures recorded by the second-largest supplier, China (X units), threefold. The third position in this ranking was taken by France (X units), with a 14% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands amounted to +21.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+0.1% per year) and France (+0.8% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of table, kitchen or household articles and parts of stainless steel to Luxembourg, comprising 38% of total imports. The second position in the ranking was held by Germany ($X), with a 15% share of total imports. It was followed by France, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands stood at +25.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-7.9% per year) and France (-3.1% per year).

Import Prices by Country

The average stainless steel household articles import price stood at $X per unit in 2022, almost unchanged from the previous year. Over the period under review, the import price, however, continues to indicate a mild contraction. The pace of growth appeared the most rapid in 2013 when the average import price increased by 26% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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