Luxembourg: Special Vehicle Body Market 2022

Special Vehicle Body Market Size in Luxembourg

In 2021, the Luxembourg special vehicle body market decreased by -X% to $X, falling for the second consecutive year after two years of growth. In general, the total consumption indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -X% against 2019 indices. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Special Vehicle Body Exports

Exports from Luxembourg

In 2021, overseas shipments of bodies for special purpose motor vehicles increased by X% to X units, rising for the second consecutive year after two years of decline. In general, exports, however, continue to indicate a deep downturn. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, special vehicle body exports skyrocketed to $X in 2021. Over the period under review, exports, however, showed a precipitous decrease. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

France (X units) was the main destination for special vehicle body exports from Luxembourg, with a X% share of total exports. Moreover, special vehicle body exports to France exceeded the volume sent to the second major destination, the UK (X units), fourfold.

From 2012 to 2021, the average annual growth rate of volume to France amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Belgium (-X% per year).

In value terms, the largest markets for special vehicle body exported from Luxembourg were France ($X), the UK ($X) and Belgium ($X terms of the main countries of destination, France, with a CAGR of +X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average special vehicle body export price stood at $X per unit in 2021, increasing by X% against the previous year. In general, the export price, however, saw a abrupt setback. The growth pace was the most rapid in 2013 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was the UK ($X per unit), while the average price for exports to Belgium ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Special Vehicle Body Imports

Imports into Luxembourg

In 2021, purchases abroad of bodies for special purpose motor vehicles decreased by -X% to X units, falling for the second consecutive year after three years of growth. Overall, imports, however, enjoyed resilient growth. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, special vehicle body imports fell to $X in 2021. In general, total imports indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -X% against 2019 indices. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of special vehicle body to Luxembourg, with a X% share of total imports. Moreover, special vehicle body imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X units), threefold. Italy (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-X% per year) and Italy (+X% per year).

In value terms, the largest special vehicle body suppliers to Luxembourg were France ($X), Germany ($X) and Italy ($X), with a combined X% share of total imports. Belgium, the Czech Republic and the UK lagged somewhat behind, together comprising a further X terms of the main suppliers, the UK, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average special vehicle body import price amounted to $X per unit, which is down by -X% against the previous year. Over the period under review, the import price saw a noticeable downturn. The growth pace was the most rapid in 2016 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2017 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was France ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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