Luxembourg: Unsaturated Acyclic Hydrocarbons Market 2024

Unsaturated Acyclic Hydrocarbons Market Size in Luxembourg

In 2021, the Luxembourg unsaturated acyclic hydrocarbons market decreased by -4.3% to $X for the first time since 2017, thus ending a three-year rising trend. Overall, consumption, however, showed a pronounced curtailment. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Unsaturated Acyclic Hydrocarbons Production in Luxembourg

In value terms, unsaturated acyclic hydrocarbons production dropped to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a perceptible slump. The growth pace was the most rapid in 2020 when the production volume increased by 13% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Unsaturated Acyclic Hydrocarbons Exports

Exports from Luxembourg

In 2021, unsaturated acyclic hydrocarbons exports from Luxembourg plummeted to X kg, dropping by -68.2% against the previous year. Over the period under review, exports faced a precipitous decrease. The pace of growth appeared the most rapid in 2017 with an increase of 1,935% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, unsaturated acyclic hydrocarbons exports fell significantly to $X in 2021. Overall, exports saw a dramatic shrinkage. The most prominent rate of growth was recorded in 2017 when exports increased by 1,996% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

France (X kg) was the main destination for unsaturated acyclic hydrocarbons exports from Luxembourg, accounting for a 74% share of total exports. Moreover, unsaturated acyclic hydrocarbons exports to France exceeded the volume sent to the second major destination, the United States (X kg), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to France totaled -28.5%.

In value terms, France ($X) and the United States ($X) appeared to be the largest markets for unsaturated acyclic hydrocarbons exported from Luxembourg worldwide.

Among the main countries of destination, the United States, with a CAGR of 0.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2021, the average unsaturated acyclic hydrocarbons export price amounted to $X per ton, increasing by 27% against the previous year. In general, the export price, however, continues to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2020 when the average export price increased by 37%. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major overseas 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 France stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+11.6%), while the prices for the other major destinations experienced more modest paces of growth.

Unsaturated Acyclic Hydrocarbons Imports

Imports into Luxembourg

In 2021, after two years of growth, there was significant decline in purchases abroad of unsaturated acyclic hydrocarbons, when their volume decreased by -52.2% to X tons. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 226%. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, unsaturated acyclic hydrocarbons imports declined markedly to $X in 2021. Overall, imports recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 42%. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Belgium (X tons) constituted the largest unsaturated acyclic hydrocarbons supplier to Luxembourg, accounting for a 63% share of total imports. Moreover, unsaturated acyclic hydrocarbons imports from Belgium exceeded the figures recorded by the second-largest supplier, Germany (X kg), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Belgium amounted to +49.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+1.9% per year) and France (+47.6% per year).

In value terms, Belgium ($X) constituted the largest supplier of unsaturated acyclic hydrocarbons to Luxembourg, comprising 64% of total imports. The second position in the ranking was held by France ($X), with a 22% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Belgium totaled +64.3%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+52.4% per year) and Germany (+5.1% per year).

Import Prices by Country

The average unsaturated acyclic hydrocarbons import price stood at $X per ton in 2021, increasing by 67% against the previous year. Overall, the import price, however, continues to indicate a pronounced decline. Over the period under review, average import prices hit record highs 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 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 the Netherlands (+22.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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