Luxembourg: Worked Slate Market 2024

Worked Slate Market Size in Luxembourg

The Luxembourg worked slate market skyrocketed to $X in 2022, surging by 38% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a moderate expansion. Over the period under review, the market attained the maximum level in 2022 and is likely to continue growth in the near future.

Worked Slate Exports

Exports from Luxembourg

In 2022, after four years of decline, there was growth in shipments abroad of worked slate, when their volume increased by 1.2% to X tons. In general, exports, however, recorded a abrupt curtailment. The growth pace was the most rapid in 2017 with an increase of 21%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, worked slate exports amounted to $X in 2022. Overall, exports, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2016 with an increase of 8.5% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Belgium (X tons) was the main destination for worked slate exports from Luxembourg, accounting for a 80% share of total exports. Moreover, worked slate exports to Belgium exceeded the volume sent to the second major destination, Germany (X tons), sixfold.

From 2012 to 2022, the average annual growth rate of volume to Belgium amounted to -12.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-13.5% per year) and France (-4.6% per year).

In value terms, Belgium ($X) remains the key foreign market for worked slate exports from Luxembourg, comprising 81% of total exports. The second position in the ranking was held by Germany ($X), with a 14% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Belgium amounted to -10.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-11.8% per year) and France (-13.1% per year).

Export Prices by Country

The average worked slate export price stood at $X per ton in 2022, approximately reflecting the previous year. In general, export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, worked slate export price increased by +55.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 43%. As a result, the export price reached the peak level of $X per ton, leveling off in the following year.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to France ($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 Belgium (+3.0%), while the prices for the other major destinations experienced more modest paces of growth.

Worked Slate Imports

Imports into Luxembourg

Worked slate imports into Luxembourg surged to X tons in 2022, increasing by 40% on the previous year. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when imports increased by 42% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, worked slate imports soared to $X in 2022. In general, imports continue to indicate a mild increase. The most prominent rate of growth was recorded in 2020 with an increase of 34%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Spain (X tons) constituted the largest supplier of worked slate to Luxembourg, accounting for a 53% share of total imports. Moreover, worked slate imports from Spain exceeded the figures recorded by the second-largest supplier, Belgium (X tons), threefold. The third position in this ranking was taken by Germany (X tons), with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain amounted to -1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+2.1% per year) and Germany (+1.2% per year).

In value terms, Spain ($X) constituted the largest supplier of worked slate to Luxembourg, comprising 54% of total imports. The second position in the ranking was held by Belgium ($X), with a 19% share of total imports. It was followed by Germany, with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+0.9% per year) and Germany (+0.8% per year).

Import Prices by Country

In 2022, the average worked slate import price amounted to $X per ton, falling by -6.7% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2021 an increase of 30% against the previous year. As a result, import price attained the peak level of $X per ton, and then contracted in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from France ($X per ton) and Spain ($X per ton), while the price for Portugal ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+2.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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