Report Update Nov 1, 2024

Luxembourg - Worked Articles of Wax - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Luxembourg: Worked Wax Articles Market 2024

Worked Wax Articles Market Size in Luxembourg

In 2022, the Luxembourg worked wax articles market increased by 11% to $X, rising for the second year in a row after two years of decline. In general, consumption recorded a tangible increase. Worked wax articles consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Worked Wax Articles Exports

Exports from Luxembourg

In 2022, shipments abroad of worked articles of wax decreased by -91.6% to X units, falling for the second year in a row after two years of growth. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 2,752%. As a result, the exports reached the peak of X units. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, worked wax articles exports declined markedly to $X in 2022. In general, exports, however, saw pronounced growth. The growth pace was the most rapid in 2020 when exports increased by 1,464%. The exports peaked at $X in 2021, and then declined notably in the following year.

Exports by Country

Belgium (X units), France (X units) and India (X units) were the main destinations of worked wax articles exports from Luxembourg, with a combined 89% share of total exports. Germany, the United States and the Dominican Republic lagged somewhat behind, together comprising a further 11%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +29.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for worked wax articles exported from Luxembourg were the United States ($X), France ($X) and Belgium ($X), with a combined 92% share of total exports.

Among the main countries of destination, the United States, with a CAGR of +82.0%, saw the highest rates of growth with regard to 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 worked wax articles export price amounted to $X per thousand units, rising by 96% against the previous year. Overall, the export price enjoyed a prominent increase. The most prominent rate of growth was recorded in 2021 an increase of 389% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in years to come.

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 the United States ($X per thousand units), while the average price for exports to Germany ($X per thousand units) 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 States (+71.0%), while the prices for the other major destinations experienced more modest paces of growth.

Worked Wax Articles Imports

Imports into Luxembourg

After two years of growth, supplies from abroad of worked articles of wax decreased by -14.3% to X units in 2022. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by 107%. Over the period under review, imports reached the maximum at X units in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, worked wax articles imports fell modestly to $X in 2022. Over the period under review, imports, however, continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2013 when imports increased by 299%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

France (X units), Germany (X units) and the Netherlands (X units) were the main suppliers of worked wax articles imports to Luxembourg, with a combined 83% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +79.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constituted the largest supplier of worked articles of wax to Luxembourg, comprising 62% of total imports. The second position in the ranking was taken by Germany ($X), with a 23% share of total imports. It was followed by the Netherlands, with a 7.2% share.

From 2012 to 2022, the average annual growth rate of value from France amounted to +4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+25.2% per year) and the Netherlands (+92.3% per year).

Import Prices by Country

The average worked wax articles import price stood at $X per thousand units in 2022, increasing by 13% against the previous year. In general, the import price enjoyed strong growth. The pace of growth was the most pronounced in 2013 when the average import price increased by 92% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per thousand units), while the price for Portugal ($X per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for worked articles of wax in the world?

The countries with the highest volumes of worked wax articles consumption in 2021 were Ireland, China and Spain, with a combined 37% share of global consumption.

What are the largest producers of worked articles of wax in the world?

The countries with the highest volumes of worked wax articles production in 2021 were China, the United States and India, with a combined 45% share of global production. These countries were followed by Japan, Indonesia, Pakistan, Russia, Germany, Mexico, Brazil, South Korea, Belgium and Italy, which together accounted for a further 33%.

What are the leading suppliers of worked articles of wax to Luxembourg?

In value terms, Germany, Belgium and the Netherlands appeared to be the largest worked wax articles suppliers to Luxembourg, with a combined 89% share of total imports. These countries were followed by France and Spain, which together accounted for a further 10%.

What are the leading importers of worked articles of wax from Luxembourg?

In value terms, Turkey remains the key foreign market for worked wax articles exports from Luxembourg, comprising 92% of total exports. The second position in the ranking was occupied by China $167), with a 0.4% share of total exports.

What is the average export price for worked articles of wax in Luxembourg?

In 2021, the average worked wax articles export price amounted to $239 per unit, with an increase of 70% against the previous year.

What is the average import price for worked articles of wax in Luxembourg?

The average worked wax articles import price stood at $25 per unit in 2021, rising by 1,353% against the previous year.

This report provides an in-depth analysis of the worked wax articles market in Luxembourg. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 32995940 - Worked vegetable or mineral..., moulded... articles of wax, s tearin,

Country coverage:

Luxembourg

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Luxembourg
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023