Luxembourg: Telephone Apparatus Market 2024

Telephone Apparatus Market Size in Luxembourg

In 2022, after two years of growth, there was significant decline in the Luxembourg telephone apparatus market, when its value decreased by -32.5% to $X. In general, consumption showed a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Telephone Apparatus Exports

Exports from Luxembourg

Telephone apparatus exports from Luxembourg expanded remarkably to X tons in 2022, increasing by 6.5% compared with 2021 figures. Overall, exports, however, continue to indicate a deep contraction. The growth pace was the most rapid in 2016 when exports increased by 16% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, telephone apparatus exports contracted to $X in 2022. In general, exports, however, continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2014 when exports increased by 36% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for telephone apparatus exports from Luxembourg, with a 60% share of total exports. Moreover, telephone apparatus exports to Germany exceeded the volume sent to the second major destination, Belgium (X tons), fourfold. The third position in this ranking was taken by France (X tons), with an 8.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany amounted to +13.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-12.6% per year) and France (+0.5% per year).

In value terms, Germany ($X) remains the key foreign market for telephone apparatus exports from Luxembourg, comprising 39% of total exports. The second position in the ranking was held by Belgium ($X), with a 12% share of total exports. It was followed by France, with a 6.4% share.

From 2012 to 2021, the average annual growth rate of value to Germany stood at +13.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-12.0% per year) and France (+2.3% per year).

Export Prices by Country

In 2021, the average telephone apparatus export price amounted to $X per ton, surging by 11% against the previous year. Over the last nine years, it increased at an average annual rate of +5.0%. The pace of growth was the most pronounced in 2020 when the average export price increased by 30% against the previous year. Over the period under review, the average export prices reached the maximum in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Hong Kong SAR ($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 Ireland (+31.0%), while the prices for the other major destinations experienced more modest paces of growth.

Telephone Apparatus Imports

Imports into Luxembourg

In 2022, approx. X tons of telephone apparatus were imported into Luxembourg; with a decrease of -18.1% on the year before. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 37%. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, telephone apparatus imports reduced sharply to $X in 2022. Over the period under review, imports continue to indicate a perceptible shrinkage. The pace of growth was the most pronounced in 2014 with an increase of 17%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Belgium (X tons), Ireland (X tons) and the Netherlands (X tons) were the main suppliers of telephone apparatus imports to Luxembourg, with a combined 55% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ireland (with a CAGR of +61.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Ireland ($X) and the Netherlands ($X) appeared to be the largest telephone apparatus suppliers to Luxembourg, with a combined 64% share of total imports.

In terms of the main suppliers, Ireland, with a CAGR of +52.6%, recorded the highest growth rate of 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 telephone apparatus import price amounted to $X per ton, declining by -20% against the previous year. In general, the import price showed a mild reduction. The most prominent rate of growth was recorded in 2014 when the average import price increased by 36% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average 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 South Korea ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+17.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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