Luxembourg: Market for Iron Or Steel Leaf-Springs And Leaves 2022

Market Size for Iron Or Steel Leaf-Springs And Leaves in Luxembourg

The Luxembourg market for iron or steel leaf-springs and leaves shrank rapidly to $X in 2020, which is down 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). In general, consumption continues to indicate a noticeable shrinkage. The pace of growth was the most pronounced in 2017 when the market value increased by X% y-o-y. Over the period under review, the market reached the peak level at $X in 2019, and then fell markedly in the following year.

Exports of Iron Or Steel Leaf-Springs And Leaves

Exports from Luxembourg

In 2020, after three years of decline, there was significant growth in shipments abroad of iron or steel leaf-springs and leaves, when their volume increased by X% to X tons. Overall, exports enjoyed a significant expansion. As a result, exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of iron or steel leaf-springs and leaves surged to $X in 2020. Over the period under review, exports saw significant growth. As a result, exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Belgium (X tons) was the main destination for exports of iron or steel leaf-springs and leaves from Luxembourg, with a X% share of total exports. Moreover, exports of iron or steel leaf-springs and leaves to Belgium exceeded the volume sent to the second major destination, Germany (X tons), threefold. The third position in this ranking was occupied by France (X tons), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Belgium totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+X% per year) and France (+X% per year).

In value terms, Belgium ($X) remains the key foreign market for iron or steel leaf-spring and leave exports from Luxembourg, comprising X% of total exports. The second position in the ranking was occupied by Germany ($X), with a X% share of total exports. It was followed by France, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to Belgium totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+X% per year) and France (+X% per year).

Export Prices by Country

The average export price for iron or steel leaf-springs and leaves stood at $X per ton in 2020, dropping by -X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% y-o-y. Over the period under review, average export prices reached the peak figure at $X per ton in 2011; however, from 2012 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was Belgium ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Germany, while the prices for the other major destinations experienced mixed trend patterns.

Imports of Iron Or Steel Leaf-Springs And Leaves

Imports into Luxembourg

In 2020, approx. X tons of iron or steel leaf-springs and leaves were imported into Luxembourg; dropping by -X% against the previous year. Over the period under review, imports showed a noticeable curtailment. The most prominent rate of growth was recorded in 2019 when imports increased by X% y-o-y. As a result, imports reached the peak of X tons, and then contracted markedly in the following year.

In value terms, imports of iron or steel leaf-springs and leaves shrank significantly to $X in 2020. In general, imports continue to indicate a pronounced setback. The pace of growth was the most pronounced in 2017 when imports increased by X% y-o-y. As a result, imports attained the peak of $X. from 2018 to 2020, the growth of imports remained at a lower figure.

Imports by Country

Belgium (X tons), France (X tons) and Germany (X tons) were the main suppliers of imports of iron or steel leaf-springs and leaves to Luxembourg, together comprising X% of total imports.

From 2007 to 2020, the biggest increases were in France, while purchases for the other leaders experienced a decline.

In value terms, the largest iron or steel leaf-spring and leave suppliers to Luxembourg were Belgium ($X), Germany ($X) and France ($X), with a combined X% share of total imports.

In terms of the main suppliers, France saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2020, the average import price for iron or steel leaf-springs and leaves amounted to $X per ton, flattening at the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% year-to-year. As a result, import price attained the peak level of $X per ton. from 2018 to 2020, the growth in terms of the average import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Belgium, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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