Luxembourg: Adhesive Bandage Market 2023

Adhesive Bandage Market Size in Luxembourg

In 2022, after six years of growth, there was decline in the Luxembourg adhesive bandage market, when its value decreased by -3.6% to $X. Overall, the total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +78.8% against 2015 indices. Adhesive bandage consumption peaked at $X in 2021, and then fell slightly in the following year.

Adhesive Bandage Exports

Exports from Luxembourg

In 2022, exports of adhesive bandages from Luxembourg shrank significantly to X tons, waning by -27% against 2021 figures. Overall, exports recorded a deep slump. The most prominent rate of growth was recorded in 2021 when exports increased by 117%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, adhesive bandage exports shrank modestly to $X in 2022. Over the period under review, exports, however, showed a prominent expansion. The pace of growth was the most pronounced in 2021 when exports increased by 229% against the previous year. As a result, the exports attained the peak of $X, and then fell slightly in the following year.

Exports by Country

Belgium (X tons) was the main destination for adhesive bandage exports from Luxembourg, accounting for a 86% share of total exports. Moreover, adhesive bandage exports to Belgium exceeded the volume sent to the second major destination, Germany (X tons), sevenfold.

From 2012 to 2022, the average annual growth rate of volume to Belgium amounted to -7.4%.

In value terms, Belgium ($X) remains the key foreign market for adhesive bandages exports from Luxembourg, comprising 85% of total exports. The second position in the ranking was taken by Germany ($X), with a 9.1% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Belgium totaled +6.8%.

Export Prices by Country

The average adhesive bandage export price stood at $X per ton in 2022, picking up by 31% against the previous year. Overall, the export price recorded a buoyant increase. The growth pace was the most rapid in 2016 when the average export price increased by 63%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat for the major foreign 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 Germany amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+15.3%).

Adhesive Bandage Imports

Imports into Luxembourg

In 2022, overseas purchases of adhesive bandages decreased by -2.9% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, enjoyed a notable expansion. The pace of growth was the most pronounced in 2021 when imports increased by 65% against the previous year. As a result, imports reached the peak of X tons, and then declined slightly in the following year.

In value terms, adhesive bandage imports contracted to $X in 2022. Over the period under review, total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when imports increased by 20% against the previous year. Imports peaked at $X in 2021, and then dropped in the following year.

Imports by Country

In 2022, Belgium (X tons) constituted the largest adhesive bandage supplier to Luxembourg, accounting for a 82% share of total imports. Moreover, adhesive bandage imports from Belgium exceeded the figures recorded by the second-largest supplier, Germany (X tons), eightfold. The third position in this ranking was taken by France (X tons), with a 5.8% share.

From 2012 to 2022, the average annual growth rate of volume from Belgium amounted to +5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+10.9% per year) and France (+2.5% per year).

In value terms, Belgium ($X) constituted the largest supplier of adhesive bandages to Luxembourg, comprising 83% of total imports. The second position in the ranking was held by France ($X), with an 8.7% share of total imports. It was followed by Germany, with a 5.5% share.

From 2012 to 2022, the average annual growth rate of value from Belgium stood at +11.4%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-1.8% per year) and Germany (+0.0% per year).

Import Prices by Country

In 2022, the average adhesive bandage import price amounted to $X per ton, waning by -3.6% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 28%. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Denmark ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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