Luxembourg: Vices And Clamps Market 2024

Vices And Clamps Market Size in Luxembourg

After three years of growth, the Luxembourg vices and clamps market decreased by -23.9% to $X in 2022. Over the period under review, consumption, however, recorded a slight expansion. Over the period under review, the market attained the peak level at $X in 2021, and then dropped significantly in the following year.

Vices And Clamps Exports

Exports from Luxembourg

In 2022, after three years of decline, there was significant growth in overseas shipments of vices and clamps, when their volume increased by 12% to X tons. In general, exports continue to indicate prominent growth. The pace of growth appeared the most rapid in 2018 when exports increased by 2,412% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, vices and clamps exports declined rapidly to $X in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 1,849%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Belgium (X tons) was the main destination for vices and clamps exports from Luxembourg, with a 73% share of total exports. Moreover, vices and clamps exports to Belgium exceeded the volume sent to the second major destination, France (X kg), fivefold. Germany (X kg) ranked third in terms of total exports with a 5.3% share.

From 2012 to 2022, the average annual growth rate of volume to Belgium stood at +14.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+2.1% per year) and Germany (-6.4% per year).

In value terms, Belgium ($X), France ($X) and India ($X) constituted the largest markets for vices and clamps exported from Luxembourg worldwide, together accounting for 81% of total exports.

In terms of the main countries of destination, India, with a CAGR of +137.2%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average vices and clamps export price amounted to $X per ton, dropping by -47.2% against the previous year. In general, the export price saw a abrupt setback. The growth pace was the most rapid in 2015 when the average export price increased by 81% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+32.8%), while the prices for the other major destinations experienced more modest paces of growth.

Vices And Clamps Imports

Imports into Luxembourg

In 2022, the amount of vices and clamps imported into Luxembourg shrank notably to X tons, reducing by -23.5% on the previous year's figure. The total import volume increased at an average annual rate of +1.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 26% against the previous year. As a result, imports reached the peak of X tons, and then reduced remarkably in the following year.

In value terms, vices and clamps imports shrank significantly to $X in 2022. Over the period under review, total imports indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -27.5% against 2020 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 24%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Taiwan (Chinese) (X tons), Germany (X tons) and Belgium (X tons) were the main suppliers of vices and clamps imports to Luxembourg, with a combined 73% share of total imports. France and China lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +10.9%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X), Taiwan (Chinese) ($X) and France ($X) constituted the largest vices and clamps suppliers to Luxembourg, together comprising 66% of total imports.

France, with a CAGR of +6.7%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average vices and clamps import price stood at $X per ton in 2022, rising by 2.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The pace of growth appeared the most rapid in 2020 when the average import price increased by 44%. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the average 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 Germany ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :