Luxembourg: Vapour Generating Boiler Market 2024

Vapour Generating Boiler Market Size in Luxembourg

In 2021, the Luxembourg vapour generating boiler market increased by 26% to $X, rising for the fifth consecutive year after four years of decline. Overall, the total consumption indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +92.8% against 2016 indices. Vapour generating boiler consumption peaked in 2021 and is likely to see steady growth in years to come.

Vapour Generating Boiler Production in Luxembourg

In value terms, vapour generating boiler production expanded remarkably to $X in 2021 estimated in export price. In general, production, however, continues to indicate a slight reduction. The pace of growth appeared the most rapid in 2018 when the production volume increased by 69% against the previous year. Vapour generating boiler production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Vapour Generating Boiler Exports

Exports from Luxembourg

In 2021, shipments abroad of vapour generating boilers decreased by -92.9% to X kg, falling for the second year in a row after eight years of growth. In general, exports recorded a precipitous decrease. The pace of growth appeared the most rapid in 2016 when exports increased by 65%. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, vapour generating boiler exports shrank remarkably to $X in 2021. Over the period under review, exports continue to indicate a precipitous contraction. The growth pace was the most rapid in 2017 with an increase of 49% against the previous year. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X kg) and Belgium (X kg) were the main destinations of vapour generating boiler exports from Luxembourg.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of 0.0%).

In value terms, the UK ($X) emerged as the key foreign market for vapour generating boilers exports from Luxembourg, comprising 76% of total exports. The second position in the ranking was held by Belgium ($X), with a 24% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK was relatively modest.

Export Prices by Country

The average vapour generating boiler export price stood at $X per ton in 2021, rising by 54% against the previous year. Overall, export price indicated a notable increase from 2012 to 2021: its price increased at an average annual rate of +2.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was the UK ($X per ton), while the average price for exports to Belgium totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+4.5%).

Vapour Generating Boiler Imports

Imports into Luxembourg

In 2021, after three years of decline, there was significant growth in supplies from abroad of vapour generating boilers, when their volume increased by 775% to X tons. Overall, imports continue to indicate a significant increase. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, vapour generating boiler imports soared to $X in 2021. Over the period under review, imports enjoyed a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) was the main vapour generating boiler supplier to Luxembourg, with a 90% share of total imports. Moreover, vapour generating boiler imports from Germany exceeded the figures recorded by the second-largest supplier, France (X kg), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany stood at +21.9%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+11.6% per year) and Belgium (+96.4% per year).

In value terms, Germany ($X) constituted the largest supplier of vapour generating boilers to Luxembourg, comprising 82% of total imports. The second position in the ranking was taken by Belgium ($X), with a 9.5% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to +18.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+107.5% per year) and France (+7.3% per year).

Import Prices by Country

The average vapour generating boiler import price stood at $X per ton in 2021, which is down by -3.8% against the previous year. In general, the import price recorded a pronounced decrease. The growth pace was the most rapid in 2020 an increase of 43%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Belgium ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+7.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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