Luxembourg: Market for Pneumatic Or Hydraulic Hand Tools 2024

Market Size for Pneumatic Or Hydraulic Hand Tools in Luxembourg

The Luxembourg market for pneumatic or hydraulic hand tools soared to $X in 2021, rising by 16% 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). The market value increased at an average annual rate of +3.3% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. Pneumatic or hydraulic hand tool consumption peaked in 2021 and is likely to see gradual growth in years to come.

Exports of Pneumatic Or Hydraulic Hand Tools

Exports from Luxembourg

In 2021, shipments abroad of pneumatic or hydraulic hand tools decreased by -20.1% to X tons, falling for the second year in a row after two years of growth. Overall, exports, however, enjoyed a modest expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 68%. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, pneumatic or hydraulic hand tool exports rose modestly to $X in 2021. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when exports increased by 33% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

France (X tons) was the main destination for pneumatic or hydraulic hand tool exports from Luxembourg, accounting for a 41% share of total exports. Moreover, pneumatic or hydraulic hand tool exports to France exceeded the volume sent to the second major destination, Germany (X tons), fourfold. Belgium (X tons) ranked third in terms of total exports with an 8.6% share.

From 2012 to 2021, the average annual growth rate of volume to France stood at +12.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-3.9% per year) and Belgium (+1.3% per year).

In value terms, the largest markets for pneumatic or hydraulic hand tool exported from Luxembourg were France ($X), Germany ($X) and Italy ($X), with a combined 47% share of total exports. These countries were followed by the UK, Poland, the Netherlands, the Czech Republic, Russia, Belgium and Spain, which together accounted for a further 34%.

In terms of the main countries of destination, Poland, with a CAGR of +6.8%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for pneumatic or hydraulic hand tools stood at $X per ton in 2021, jumping by 29% against the previous year. In general, the export price, however, showed a perceptible decrease. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Belgium ($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 Russia (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pneumatic Or Hydraulic Hand Tools

Imports into Luxembourg

In 2021, approx. X tons of pneumatic or hydraulic hand tools were imported into Luxembourg; with an increase of 6.1% against 2020 figures. The total import volume increased at an average annual rate of +4.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 22%. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, pneumatic or hydraulic hand tool imports totaled $X in 2021. The total import value increased at an average annual rate of +1.3% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of 19% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Belgium (X tons), Germany (X tons) and France (X tons) were the main suppliers of pneumatic or hydraulic hand tool imports to Luxembourg, with a combined 86% share of total imports.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +42.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest pneumatic or hydraulic hand tool suppliers to Luxembourg were the United States ($X), Belgium ($X) and Germany ($X), with a combined 90% share of total imports. These countries were followed by France and the Netherlands, which together accounted for a further 8%.

France, with a CAGR of +30.6%, saw the highest rates of growth with regard to the value of imports, among the main suppliers 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 import price for pneumatic or hydraulic hand tools amounted to $X per ton, with a decrease of -4.4% against the previous year. Over the period under review, the import price showed a noticeable shrinkage. The growth pace was the most rapid in 2014 when the average import price increased by 3.8% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, 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 the United States ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+5.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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