Seals; Mechanical Price in Luxembourg - 2023

Seals; Mechanical Price in Luxembourg (FOB) - 2022

In 2022, the average seals; mechanical export price amounted to $3.7 per unit, jumping by 22% against the previous year. In general, the export price showed a modest increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by 105%. As a result, the export price reached the peak level of $6.3 per unit. From 2014 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($23 per unit), while the average price for exports to Malaysia ($0.3 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+19.2%), while the prices for the other major destinations experienced more modest paces of growth.

Seals; Mechanical Price in Luxembourg (CIF) - 2022

The average seals; mechanical import price stood at $1.6 per unit in 2022, surging by 12% against the previous year. Over the period under review, the import price, however, showed a pronounced setback. The pace of growth was the most pronounced in 2020 when the average import price increased by 84%. The import price peaked at $2.2 per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($2.2 per unit), while the price for Germany ($0.9 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+2.2%), while the prices for the other major suppliers experienced a decline.

Seals; Mechanical Exports in Luxembourg

After three years of growth, shipments abroad of seals; mechanicals decreased by -6.9% to 692K units in 2022. The total export volume increased at an average annual rate of +9.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when exports increased by 37%. Over the period under review, the exports attained the maximum at 743K units in 2021, and then dropped in the following year.

In value terms, seals; mechanical exports reached $2.6M in 2022. The total export value increased at an average annual rate of +4.6% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Seals; Mechanical in Luxembourg (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Brazil	828	966	643	739	-3.7%
China	175	225	301	574	48.6%
France	149	176	159	259	20.2%
Singapore	97.4	0.3	72.9	198	26.7%
Belgium	67.3	81.4	118	117	20.2%
United States	42.8	35.9	51.5	91.1	28.6%
Germany	189	93.8	101	89.6	-22.0%
Malaysia	20.8	25.2	24.0	17.7	-5.2%
Turkey	15.3	7.9	11.7	13.8	-3.4%
Oman	272	199	245	2.8	-78.2%
Others	386	543	539	466	6.5%
Total	2,243	2,354	2,266	2,568	4.6%

Top Export Markets for Seals; Mechanical from Luxembourg in 2022:

United States (150.0K units)
Belgium (131.6K units)
Brazil (81.7K units)
Malaysia (64.3K units)
Germany (57.1K units)
France (44.1K units)
China (24.6K units)
Singapore (21.2K units)
Turkey (11.2K units)
Oman (0.3K units)

Seals; Mechanical Imports in Luxembourg

In 2022, approx. 1.2M units of seals; mechanicals were imported into Luxembourg; waning by -20.3% against the year before. Overall, imports saw a slight slump. The most prominent rate of growth was recorded in 2021 with an increase of 67% against the previous year. As a result, imports attained the peak of 1.5M units, and then contracted significantly in the following year.

In value terms, seals; mechanical imports shrank to $1.9M in 2022. The total import value increased at an average annual rate of +9.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 32% against the previous year. Over the period under review, imports attained the maximum at $2.1M in 2021, and then fell in the following year.

Import of Seals; Mechanical in Luxembourg (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	779	729	1,045	759	-0.9%
Belgium	234	192	262	285	6.8%
France	136	153	230	215	16.5%
Sweden	70.7	92.7	109	85.5	6.5%
Netherlands	12.7	5.0	58.0	20.2	16.7%
China	21.2	71.4	17.7	4.9	-38.6%
Others	186	658	390	512	40.1%
Total	1,441	1,900	2,112	1,882	9.3%