Luxembourg: Winche And Capstan Market 2024

Winche And Capstan Market Size in Luxembourg

After two years of decline, the Luxembourg winche and capstan market increased by 50% to $X in 2021. In general, consumption showed a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Winche And Capstan Production in Luxembourg

In value terms, winche and capstan production totaled $X in 2021 estimated in export price. Over the period under review, production posted a significant increase. The pace of growth was the most pronounced in 2018 when the production volume increased by 2,609%. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Winche And Capstan Exports

Exports from Luxembourg

In 2021, approx. X units of winches and capstans were exported from Luxembourg; picking up by 43% against the year before. Overall, exports posted resilient growth. The pace of growth was the most pronounced in 2018 when exports increased by 1,240% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, winche and capstan exports amounted to $X in 2021. In general, exports enjoyed a pronounced expansion. The pace of growth appeared the most rapid in 2018 when exports increased by 1,788%. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

France (X units) was the main destination for winche and capstan exports from Luxembourg, with a 66% share of total exports. Moreover, winche and capstan exports to France exceeded the volume sent to the second major destination, Italy (X units), sixfold. The third position in this ranking was held by Belgium (X units), with a 5.1% share.

From 2012 to 2021, the average annual growth rate of volume to France amounted to +18.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+122.5% per year) and Belgium (+15.1% per year).

In value terms, the largest markets for winche and capstan exported from Luxembourg were France ($X), Russia ($X) and Italy ($X), with a combined 55% share of total exports.

Italy, with a CAGR of +107.0%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average winche and capstan export price amounted to $X per unit, dropping by -22.1% against the previous year. Overall, the export price continues to indicate a abrupt downturn. The pace of growth was the most pronounced in 2013 when the average export price increased by 87% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Turkey ($X per unit), while the average price for exports to the United Arab Emirates ($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 Turkey (+26.5%), while the prices for the other major destinations experienced a decline.

Winche And Capstan Imports

Imports into Luxembourg

In 2021, approx. X units of winches and capstans were imported into Luxembourg; rising by 32% compared with 2020. Overall, imports continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2018 with an increase of 126%. Imports peaked at X units in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, winche and capstan imports shrank modestly to $X in 2021. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 92% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of winche and capstan to Luxembourg, with a 74% share of total imports. Moreover, winche and capstan imports from Germany exceeded the figures recorded by the second-largest supplier, France (X units), fourfold. The third position in this ranking was taken by Belgium (X units), with a 2.7% share.

From 2012 to 2021, the average annual growth rate of volume from Germany stood at +6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+16.7% per year) and Belgium (+6.0% per year).

In value terms, Germany ($X) constituted the largest supplier of winches and capstans to Luxembourg, comprising 70% of total imports. The second position in the ranking was held by France ($X), with a 21% share of total imports. It was followed by Belgium, with a 1.4% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to -2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+10.8% per year) and Belgium (-10.0% per year).

Import Prices by Country

The average winche and capstan import price stood at $X per unit in 2021, which is down by -28.1% against the previous year. In general, the import price saw a abrupt setback. The pace of growth was the most pronounced in 2016 when the average import price increased by 33%. As a result, import price reached the peak level of $X per unit. From 2017 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was France ($X per unit), while the price for Belgium ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+11.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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