Luxembourg: Wheelchair Market 2024

Wheelchair Market Size in Luxembourg

The Luxembourg wheelchair market skyrocketed to $X in 2021, surging by 101% against the previous year. In general, consumption posted a buoyant expansion. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Wheelchair Production in Luxembourg

In value terms, wheelchair production fell markedly to $X in 2021 estimated in export price. In general, production showed a precipitous decrease. Over the period under review, production hit record highs at $X in 2020, and then declined sharply in the following year.

Wheelchair Exports

Exports from Luxembourg

In 2021, the amount of wheelchairs exported from Luxembourg contracted rapidly to X units, reducing by -26.4% compared with the previous year. Overall, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2014 with an increase of 3,083% against the previous year. The exports peaked at X units in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, wheelchair exports reduced to $X in 2021. In general, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 4,293% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X units) was the main destination for wheelchair exports from Luxembourg, accounting for a 45% share of total exports. Moreover, wheelchair exports to Germany exceeded the volume sent to the second major destination, the Netherlands (X units), twofold. The third position in this ranking was held by Spain (X units), with a 9.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany totaled +104.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+34.1% per year) and Spain (+55.1% per year).

In value terms, Germany ($X) remains the key foreign market for wheelchairs exports from Luxembourg, comprising 48% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 21% share of total exports. It was followed by Spain, with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany amounted to +133.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+41.7% per year) and Spain (+55.4% per year).

Export Prices by Country

The average wheelchair export price stood at $X per unit in 2021, with an increase of 25% against the previous year. Overall, export price indicated a strong expansion from 2012 to 2021: its price increased at an average annual rate of +9.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, wheelchair export price increased by +22.3% against 2018 indices. The most prominent rate of growth was recorded in 2014 when the average export price increased by 38%. The export price peaked in 2021 and is likely to continue growth in years to come.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Greece ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+14.0%), while the prices for the other major destinations experienced more modest paces of growth.

Wheelchair Imports

Imports into Luxembourg

In 2021, wheelchair imports into Luxembourg soared to X units, picking up by 79% against the previous year's figure. In general, imports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of 660% against the previous year. As a result, imports attained the peak of X units. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, wheelchair imports skyrocketed to $X in 2021. Overall, imports continue to indicate a strong expansion. The pace of growth was the most pronounced in 2017 when imports increased by 468%. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of wheelchair to Luxembourg, accounting for a 55% share of total imports. Moreover, wheelchair imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X units), threefold. France (X units) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to +14.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+11.4% per year) and France (+7.0% per year).

In value terms, Belgium ($X) constituted the largest supplier of wheelchairs to Luxembourg, comprising 46% of total imports. The second position in the ranking was held by France ($X), with a 22% share of total imports. It was followed by Germany, with an 18% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Belgium stood at +16.9%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+14.6% per year) and Germany (-2.9% per year).

Import Prices by Country

In 2021, the average wheelchair import price amounted to $X per unit, dropping by -33.2% against the previous year. In general, the import price recorded a noticeable descent. The growth pace was the most rapid in 2018 when the average import price increased by 72% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 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 Taiwan (Chinese) ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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