Report Update Apr 1, 2024

Luxembourg - Iron and Steel - Market Analysis, Forecast, Size, Trends and Insights

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Luxembourg: Iron And Steel Market 2024

Iron And Steel Market Size in Luxembourg

The Luxembourg iron and steel market surged to $X in 2021, increasing by 64% against the previous year. Overall, consumption recorded strong growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Iron And Steel Production in Luxembourg

In value terms, iron and steel production soared to $X in 2021 estimated in export price. Over the period under review, production posted strong growth. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Iron And Steel Exports

Exports from Luxembourg

In 2021, shipments abroad of iron and steel decreased by -82.1% to X tons, falling for the fifth consecutive year after three years of growth. In general, exports saw a significant contraction. The growth pace was the most rapid in 2015 with an increase of 22%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, iron and steel exports amounted to $X in 2021. Over the period under review, exports continue to indicate a significant decline. The most prominent rate of growth was recorded in 2019 when exports increased by 11% 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 tons) was the main destination for iron and steel exports from Luxembourg, accounting for a 105% share of total exports. It was followed by Belgium (X kg), with a 0.8% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to France stood at -41.9%.

In value terms, France ($X) remains the key foreign market for iron and steel exports from Luxembourg, comprising 99% of total exports. The second position in the ranking was held by Belgium ($X), with a 0.7% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to France totaled -13.0%.

Export Prices by Country

The average iron and steel export price stood at $X per ton in 2021, increasing by 463% against the previous year. Over the period under review, the export price posted significant growth. The pace of growth was the most pronounced in 2020 an increase of 522%. Over the period under review, the average export prices attained the peak figure in 2021 and is likely to see gradual growth in years to come.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Belgium stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+49.6%), while the prices for the other major destinations experienced more modest paces of growth.

Iron And Steel Imports

Imports into Luxembourg

In 2021, overseas purchases of iron and steel increased by 94% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports saw significant growth. The growth pace was the most rapid in 2017 when imports increased by 406%. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, iron and steel imports soared to $X in 2021. In general, imports continue to indicate resilient growth. The pace of growth was the most pronounced in 2017 with an increase of 272%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

Germany (X tons), Belgium (X tons) and France (X tons) were the main suppliers of iron and steel imports to Luxembourg, with a combined 71% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +34.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of iron and steel to Luxembourg, comprising 58% of total imports. The second position in the ranking was taken by Belgium ($X), with a 26% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to +30.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+20.6% per year) and France (+46.6% per year).

Import Prices by Country

The average iron and steel import price stood at $X per ton in 2021, falling by -23.5% against the previous year. In general, the import price saw a slight contraction. The most prominent rate of growth was recorded in 2019 an increase of 90%. The import price peaked at $X per ton in 2020, and then contracted sharply in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+9.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for iron and steel in the world?

The country with the largest volume of iron and steel consumption was China, accounting for 64% of total volume. Moreover, iron and steel consumption in China exceeded the figures recorded by the second-largest consumer, Japan, more than tenfold. India ranked third in terms of total consumption with a 5.8% share.

What are the largest producers of iron and steel in the world?

The country with the largest volume of iron and steel production was China, comprising approx. 63% of total volume. Moreover, iron and steel production in China exceeded the figures recorded by the second-largest producer, India, more than tenfold. The third position in this ranking was taken by Japan, with a 5.9% share.

What are the leading suppliers of iron and steel to Luxembourg?

In value terms, Germany constituted the largest supplier of iron and steel to Luxembourg, comprising 58% of total imports. The second position in the ranking was held by Belgium, with a 26% share of total imports.

What are the leading importers of iron and steel from Luxembourg?

In value terms, France remains the key foreign market for iron and steel exports from Luxembourg, comprising 99% of total exports. The second position in the ranking was held by Belgium, with a 0.7% share of total exports.

What is the average export price for iron and steel in Luxembourg?

The average iron and steel export price stood at $23,423 per ton in 2021, picking up by 463% against the previous year.

What is the average import price for iron and steel in Luxembourg?

The average iron and steel import price stood at $1,092 per ton in 2021, with a decrease of -23.5% against the previous year.

This report provides an in-depth analysis of the iron and steel market in Luxembourg. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Country coverage:

Luxembourg

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Luxembourg
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023