Luxembourg: Market for Electro-Thermic Appliances Or Domestic Purposes 2022

Market Size for Electro-Thermic Appliances Or Domestic Purposes in Luxembourg

The Luxembourg market for electro-thermic appliances or domestic purposes surged to $X in 2021, rising by 26% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a strong expansion. Over the period under review, the market attained the maximum level in 2021 and is likely to continue growth in years to come.

Exports of Electro-Thermic Appliances Or Domestic Purposes

Exports from Luxembourg

In 2021, approx. X units of electro-thermic appliances or domestic purposes were exported from Luxembourg; increasing by 12% against the previous year. Over the period under review, exports saw a resilient expansion. The growth pace was the most rapid in 2018 when exports increased by 331% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in years to come.

In value terms, electro-thermic appliances or domestic purposes exports surged to $X in 2021. Overall, exports recorded a buoyant increase. The growth pace was the most rapid in 2018 with an increase of 189%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

Exports by Country

France (X units) was the main destination for electro-thermic appliances or domestic purposes exports from Luxembourg, with a 58% share of total exports. Moreover, electro-thermic appliances or domestic purposes exports to France exceeded the volume sent to the second major destination, Belgium (X units), threefold. Germany (X units) ranked third in terms of total exports with a 7.1% share.

From 2012 to 2021, the average annual growth rate of volume to France totaled +30.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+1.6% per year) and Germany (+12.7% per year).

In value terms, the largest markets for electro-thermic appliances or domestic purposes exported from Luxembourg were France ($X), Germany ($X) and Belgium ($X), with a combined 75% share of total exports. These countries were followed by the UK, Switzerland and Ukraine, which together accounted for a further 19%.

Switzerland, with a CAGR of +89.3%, recorded 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 2021, the average export price for electro-thermic appliances or domestic purposes amounted to $X per unit, rising by 25% against the previous year. Overall, the export price, however, continues to indicate a pronounced contraction. Over the period under review, the average export prices attained the peak figure at $X per unit in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Germany ($X per unit), while the average price for exports to France ($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 (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electro-Thermic Appliances Or Domestic Purposes

Imports into Luxembourg

In 2021, purchases abroad of electro-thermic appliances or domestic purposes increased by 32% to X units, rising for the fifth year in a row after two years of decline. Over the period under review, imports saw strong growth. The pace of growth appeared the most rapid in 2020 with an increase of 69% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to continue growth in the near future.

In value terms, electro-thermic appliances or domestic purposes imports surged to $X in 2021. Overall, total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +126.7% against 2016 indices. The growth pace was the most rapid in 2017 when imports increased by 62%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Belgium (X units), China (X units) and the Netherlands (X units) were the main suppliers of electro-thermic appliances or domestic purposes imports to Luxembourg, with a combined 71% share of total imports. Germany, Italy, Poland and France lagged somewhat behind, together comprising a further 26%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +202.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Germany ($X) and China ($X) constituted the largest electro-thermic appliances or domestic purposes suppliers to Luxembourg, with a combined 73% share of total imports. France, the Netherlands, Italy and Poland lagged somewhat behind, together comprising a further 20%.

Poland, with a CAGR of +149.6%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for electro-thermic appliances or domestic purposes stood at $X per unit in 2021, which is down by -12.5% against the previous year. In general, the import price showed a deep contraction. The growth pace was the most rapid in 2013 when the average import price increased by 18% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2021, the average import prices remained at a 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 ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (-1.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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