Luxembourg: Market for Grinding, Sanding and Polishing Machines 2024

Market Size for Grinding, Sanding and Polishing Machines in Luxembourg

The Luxembourg market for grinding, sanding and polishing machines shrank rapidly to $X in 2022, dropping by X% 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 faced a precipitous setback. Grinding, sanding and polishing machine consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Exports of Grinding, Sanding and Polishing Machines

Exports from Luxembourg

In 2022, approx. X units of grinding, sanding and polishing machines were exported from Luxembourg; which is down by X% against 2021 figures. In general, exports saw a deep downturn. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. As a result, the exports reached the peak of X units. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, grinding, sanding and polishing machine exports contracted sharply to $X in 2022. Overall, exports, however, saw a pronounced expansion. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Belgium (X units) was the main destination for grinding, sanding and polishing machine exports from Luxembourg, accounting for a X% share of total exports. Moreover, grinding, sanding and polishing machine exports to Belgium exceeded the volume sent to the second major destination, Norway (X units), fivefold. Austria (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Belgium stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (X% per year) and Austria (X% per year).

In value terms, Belgium ($X) emerged as the key foreign market for grinding, sanding and polishing machines exports from Luxembourg, comprising X% of total exports. The second position in the ranking was held by Austria ($X), with a X% share of total exports. It was followed by Poland, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Belgium stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (X.0% per year) and Poland (X% per year).

Export Prices by Country

In 2022, the average export price for grinding, sanding and polishing machines amounted to $X per unit, declining by X% against the previous year. Overall, the export price, however, recorded resilient growth. The pace of growth appeared the most rapid in 2019 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2021, and then contracted notably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($X per unit), while the average price for exports to Hungary ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Austria (X.0%), while the prices for the other major destinations experienced more modest paces of growth.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Imports of Grinding, Sanding and Polishing Machines

Imports into Luxembourg

In 2022, grinding, sanding and polishing machine imports into Luxembourg reduced dramatically to X units, with a decrease of X% on 2021 figures. Over the period under review, imports faced a dramatic decline. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, grinding, sanding and polishing machine imports shrank sharply to $X in 2022. In general, imports faced a abrupt decline. The pace of growth appeared the most rapid in 2016 with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X units) constituted the largest grinding, sanding and polishing machine supplier to Luxembourg, with a X% share of total imports. Moreover, grinding, sanding and polishing machine imports from the United States exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. Belgium (X units) 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 the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Belgium (X% per year).

In value terms, Germany ($X), the United States ($X) and Belgium ($X) constituted the largest grinding, sanding and polishing machine suppliers to Luxembourg, with a combined X% share of total imports.

The United States, with a CAGR of X%, saw 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 grinding, sanding and polishing machines stood at $X per unit in 2022, dropping by X% against the previous year. Overall, the import price, however, saw significant growth. The most prominent rate of growth was recorded in 2019 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2021, and then reduced in the following year.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :