Luxembourg: Market for Unsaturated Polyesters In Primary Forms 2024

Market Size for Unsaturated Polyesters In Primary Forms in Luxembourg

The Luxembourg market for unsaturated polyesters in primary forms fell sharply to $X in 2021, dropping by -54.9% 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). In general, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then shrank dramatically in the following year.

Exports of Unsaturated Polyesters In Primary Forms

Exports from Luxembourg

After two years of growth, overseas shipments of unsaturated polyesters in primary forms decreased by -16.1% to X tons in 2021. Overall, exports, however, enjoyed a temperate expansion. The pace of growth appeared the most rapid in 2016 with an increase of 187%. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, unsaturated polyesters in primary forms exports contracted modestly to $X in 2021. In general, exports, however, showed a mild increase. The most prominent rate of growth was recorded in 2019 with an increase of 126%. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

Belgium (X tons), Italy (X tons) and France (X tons) were the main destinations of unsaturated polyesters in primary forms exports from Luxembourg, with a combined 97% share of total exports. Spain lagged somewhat behind, accounting for a further 1.5%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +113.0%), while the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Italy ($X) and France ($X) were the largest markets for unsaturated polyesters in primary forms exported from Luxembourg worldwide, together comprising 95% of total exports. Spain lagged somewhat behind, comprising a further 3.4%.

Spain, with a CAGR of +138.7%, saw the highest growth rate of 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 2021, the average export price for unsaturated polyesters in primary forms amounted to $X per ton, rising by 18% against the previous year. Over the period under review, the export price, however, showed a perceptible reduction. The pace of growth was the most pronounced in 2017 an increase of 52%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Italy ($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 Spain (+12.1%), while the prices for the other major destinations experienced a decline.

Imports of Unsaturated Polyesters In Primary Forms

Imports into Luxembourg

In 2021, purchases abroad of unsaturated polyesters in primary forms decreased by -60% to X tons for the first time since 2018, thus ending a two-year rising trend. In general, imports, however, showed resilient growth. The most prominent rate of growth was recorded in 2020 when imports increased by 676% against the previous year. As a result, imports attained the peak of X tons, and then shrank dramatically in the following year.

In value terms, unsaturated polyesters in primary forms imports reduced rapidly to $X in 2021. Overall, imports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2020 with an increase of 176%. As a result, imports attained the peak of $X, and then declined sharply in the following year.

Imports by Country

In 2021, Taiwan (Chinese) (X tons) constituted the largest unsaturated polyesters in primary forms supplier to Luxembourg, with a 60% share of total imports. Moreover, unsaturated polyesters in primary forms imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. China (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from Taiwan (Chinese) stood at +69.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+43.9% per year) and China (-4.5% per year).

In value terms, Germany ($X) constituted the largest supplier of unsaturated polyesters in primary forms to Luxembourg, comprising 39% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 19% share of total imports. It was followed by Belgium, with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at +32.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+53.4% per year) and Belgium (+2.3% per year).

Import Prices by Country

In 2021, the average import price for unsaturated polyesters in primary forms amounted to $X per ton, picking up by 108% against the previous year. Over the period under review, the import price showed modest growth. The pace of growth appeared the most rapid in 2013 when the average import price increased by 119%. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, 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 Belgium ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+21.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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