Luxembourg: Vacuum Pump Market 2024

Vacuum Pump Market Size in Luxembourg

The Luxembourg vacuum pump market skyrocketed to $X in 2022, increasing by 24% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Vacuum Pump Production in Luxembourg

In value terms, vacuum pump production rose modestly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a deep downturn. The pace of growth appeared the most rapid in 2016 when the production volume increased by 22%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Vacuum Pump Exports

Exports from Luxembourg

In 2022, overseas shipments of vacuum pumps were finally on the rise to reach X units after two years of decline. Over the period under review, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, vacuum pump exports reduced to $X in 2022. Overall, exports continue to indicate prominent growth. The pace of growth appeared the most rapid in 2019 when exports increased by 229%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Germany (X units), Bulgaria (X units) and Belgium (X units) were the main destinations of vacuum pump exports from Luxembourg, with a combined 9.3% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bulgaria (with a CAGR of +77.2%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and Belgium ($X) appeared to be the largest markets for vacuum pump exported from Luxembourg worldwide, together accounting for 27% of total exports. Italy, Spain, Bulgaria, Hungary, the UK, Sweden and Austria lagged somewhat behind, together comprising a further 12%.

Among the main countries of destination, Bulgaria, with a CAGR of +66.9%, 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

In 2022, the average vacuum pump export price amounted to $X per unit, which is down by -86.1% against the previous year. Over the period under review, the export price faced a abrupt decrease. The most prominent rate of growth was recorded in 2018 an increase of 545% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Sweden ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+10.3%), while the prices for the other major destinations experienced more modest paces of growth.

Vacuum Pump Imports

Imports into Luxembourg

In 2022, the amount of vacuum pumps imported into Luxembourg skyrocketed to X units, picking up by 160% against the year before. In general, imports continue to indicate a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, vacuum pump imports fell rapidly to $X in 2022. Overall, imports enjoyed strong growth. The growth pace was the most rapid in 2018 when imports increased by 74%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

Germany (X units), Belgium (X units) and China (X units) were the main suppliers of vacuum pump imports to Luxembourg, with a combined 22% share of total imports. France, the Netherlands, Poland and Austria lagged somewhat behind, together accounting for a further 8.7%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +86.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Belgium ($X) and the Netherlands ($X) appeared to be the largest vacuum pump suppliers to Luxembourg, together accounting for 50% of total imports. France, Austria, China and Poland lagged somewhat behind, together accounting for a further 16%.

Among the main suppliers, Poland, with a CAGR of +70.8%, saw 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

The average vacuum pump import price stood at $X per unit in 2022, which is down by -68.9% against the previous year. In general, the import price showed a abrupt slump. The pace of growth was the most pronounced in 2018 an increase of 88%. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+12.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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