Luxembourg - Silicones (In Primary Forms) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSilicone Price in Luxembourg - 2023
Contents:
- Silicone Price in Luxembourg (CIF) - 2022
- Silicone Price in Luxembourg (FOB) - 2022
- Silicone Imports in Luxembourg
- Silicone Exports in Luxembourg
Silicone Price in Luxembourg (CIF) - 2022
The average silicone import price stood at $6,093 per ton in 2022, rising by 12% against the previous year. Over the period under review, the import price, however, recorded a pronounced downturn. The import price peaked at $7,643 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($11,085 per ton), while the price for Austria ($2,095 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.5%), while the prices for the other major suppliers experienced a decline.
Silicone Price in Luxembourg (FOB) - 2022
The average silicone export price stood at $25,144 per ton in 2022, waning by -42.4% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 124%. The export price peaked at $43,628 per ton in 2021, and then fell sharply in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($69,439 per ton), while the average price for exports to Germany ($14,547 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 the Netherlands (+9.5%), while the prices for the other major destinations experienced more modest paces of growth.
Silicone Imports in Luxembourg
In 2022, imports of silicones (in primary forms) into Luxembourg dropped to 1.9K tons, with a decrease of -14.9% compared with the previous year. Overall, imports, however, saw a mild expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 38% against the previous year. As a result, imports attained the peak of 2.3K tons, and then reduced in the following year.
In value terms, silicone imports fell modestly to $12M in 2022. The total import value increased at an average annual rate of +2.1% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2021 with an increase of 19% against the previous year. As a result, imports reached the peak of $12M, and then shrank slightly in the following year.
| Import of Silicone in Luxembourg (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 7.7 | 8.2 | 9.2 | 7.8 | 0.4% |
| Germany | 2.0 | 1.3 | 2.1 | 2.4 | 6.3% |
| Belgium | 0.5 | 0.7 | 0.9 | 1.2 | 33.9% |
| Austria | 0.1 | N/A | 0.1 | 0.1 | 0.0% |
| Others | 0.8 | 0.2 | 0.2 | 0.4 | -20.6% |
| Total | 11.1 | 10.5 | 12.4 | 11.8 | 2.1% |
Top Suppliers of Silicone to Luxembourg in 2022:
- Netherlands (1246.1 tons)
- Germany (501.3 tons)
- Belgium (106.0 tons)
- Austria (56.2 tons)
Silicone Exports in Luxembourg
In 2022, shipments abroad of silicones (in primary forms) increased by 184% to 47 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, silicone exports surged to $1.2M in 2022. Overall, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +16.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +68.0% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Silicone in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 158 | 71.7 | 53.6 | 464 | 43.2% |
| Italy | 151 | 229 | 266 | 296 | 25.2% |
| France | 82.0 | 91.7 | 75.8 | 96.5 | 5.6% |
| Belgium | 55.9 | 73.8 | 63.1 | 64.8 | 5.0% |
| Spain | 115 | 47.5 | 37.8 | 41.8 | -28.6% |
| Poland | 54.5 | 52.1 | 85.2 | 38.6 | -10.9% |
| United States | 35.7 | 4.6 | 14.1 | 16.7 | -22.4% |
| Others | 98.3 | 132 | 125 | 161 | 17.9% |
| Total | 750 | 702 | 720 | 1,179 | 16.3% |
Top Export Markets for Silicone from Luxembourg in 2022:
- Germany (31.9 tons)
- Italy (4.3 tons)
- Belgium (4.3 tons)
- France (2.5 tons)
- Spain (1.0 tons)
- United States (0.5 tons)
- Poland (0.4 tons)
This report provides an in-depth analysis of the silicone 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 20165700 - Silicones, in primary forms
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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