Luxembourg: Market for Tubes, Pipes And Hoses Of Vulcanized Rubber 2024

Market Size for Tubes, Pipes And Hoses Of Vulcanized Rubber in Luxembourg

In 2021, after three years of decline, there was significant growth in the Luxembourg rubber tube and pipe market, when its value increased by 31% to $X. Over the period under review, consumption continues to indicate a resilient expansion. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Tubes, Pipes And Hoses Of Vulcanized Rubber in Luxembourg

In value terms, rubber tube and pipe production soared to $X in 2021 estimated in export price. Over the period under review, production, however, saw a noticeable contraction. Rubber tube and pipe production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Exports of Tubes, Pipes And Hoses Of Vulcanized Rubber

Exports from Luxembourg

In 2021, approx. X tons of tubes, pipes and hoses of vulcanized rubber were exported from Luxembourg; with an increase of 40% compared with the previous year. Overall, exports continue to indicate a strong increase. The growth pace was the most rapid in 2014 when exports increased by 98% against the previous year. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, rubber tube and pipe exports soared to $X in 2021. In general, exports recorded strong growth. The pace of growth was the most pronounced in 2018 with an increase of 206% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for rubber tube and pipe exports from Luxembourg, with a 47% share of total exports. Moreover, rubber tube and pipe exports to Germany exceeded the volume sent to the second major destination, France (X tons), fourfold. The third position in this ranking was held by Belgium (X tons), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume to Germany stood at +29.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+1.5% per year) and Belgium (+3.4% per year).

In value terms, Germany ($X) remains the key foreign market for tubes, pipes and hoses of vulcanized rubber exports from Luxembourg, comprising 15% of total exports. The second position in the ranking was held by Italy ($X), with a 6.3% share of total exports. It was followed by Belgium, with a 5.4% share.

From 2012 to 2021, the average annual growth rate of value to Germany stood at +21.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+21.3% per year) and Belgium (-3.6% per year).

Export Prices by Country

The average rubber tube and pipe export price stood at $X per ton in 2021, increasing by 2.7% against the previous year. Over the period under review, the export price continues to indicate a slight increase. The most prominent rate of growth was recorded in 2018 an increase of 207%. The export price peaked in 2021 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Germany ($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 Oman (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tubes, Pipes And Hoses Of Vulcanized Rubber

Imports into Luxembourg

In 2021, purchases abroad of tubes, pipes and hoses of vulcanized rubber increased by 32% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports recorded a prominent expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 172%. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, rubber tube and pipe imports soared to $X in 2021. Overall, imports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 141% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of rubber tube and pipe to Luxembourg, accounting for a 84% share of total imports. Moreover, rubber tube and pipe imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X tons), sevenfold. The third position in this ranking was held by France (X tons), with a 1.8% share.

From 2012 to 2021, the average annual growth rate of volume from Germany stood at +23.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+12.9% per year) and France (-0.7% per year).

In value terms, Germany ($X) constituted the largest supplier of tubes, pipes and hoses of vulcanized rubber to Luxembourg, comprising 59% of total imports. The second position in the ranking was held by Belgium ($X), with a 25% share of total imports. It was followed by France, with a 7.4% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +10.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+12.8% per year) and France (+4.5% per year).

Import Prices by Country

In 2021, the average rubber tube and pipe import price amounted to $X per ton, declining by -8.8% against the previous year. Over the period under review, the import price showed a deep reduction. The most prominent rate of growth was recorded in 2013 when the average import price increased by 23% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 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 France ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+5.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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