Luxembourg: Aluminium Bar Market 2024

Aluminium Bar Market Size in Luxembourg

For the sixth consecutive year, the Luxembourg aluminium bar market recorded growth in sales value, which increased by X% to $X in 2022. Overall, consumption saw a measured expansion. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the near future.

Aluminium Bar Exports

Exports from Luxembourg

For the third consecutive year, Luxembourg recorded growth in shipments abroad of aluminium bars, rods and profiles, which increased by X% to X tons in 2022. Overall, exports recorded a significant expansion. The growth pace was the most rapid in 2018 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, aluminium bar exports skyrocketed to $X in 2022. In general, exports saw significant growth. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Belgium (X tons), France (X tons) and Germany (X tons) were the main destinations of aluminium bar exports from Luxembourg, with a combined X% share of total exports. Poland, the Netherlands, the UK, Austria, Italy and Iceland lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), France ($X) and Germany ($X) constituted the largest markets for aluminium bar exported from Luxembourg worldwide, with a combined X% share of total exports. Poland, the UK, the Netherlands, Austria, Italy and Iceland lagged somewhat behind, together comprising a further X%.

Poland, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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 aluminium bar export price amounted to $X per ton, declining by X% against the previous year. In general, the export price continues to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Germany ($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 Iceland (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Aluminium Bar Imports

Imports into Luxembourg

Aluminium bar imports into Luxembourg stood at X tons in 2022, surging by X% compared with 2021. Over the period under review, imports posted a buoyant increase. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, aluminium bar imports surged to $X in 2022. Overall, imports saw a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, Germany (X tons) constituted the largest aluminium bar supplier to Luxembourg, with a X% share of total imports. Moreover, aluminium bar imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X tons), sixfold. The Czech Republic (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and the Czech Republic (X% per year).

In value terms, Germany ($X) constituted the largest supplier of aluminium bars, rods and profiles to Luxembourg, comprising X% of total imports. The second position in the ranking was taken by Belgium ($X), with a X% share of total imports. It was followed by the Czech Republic, with an X% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and the Czech Republic (X% per year).

Import Prices by Country

The average aluminium bar import price stood at $X per ton in 2022, growing by X% against the previous year. Overall, the import price, however, saw a mild setback. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while the price for Greece ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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