Luxembourg: Market for Iron Or Steel Liquid Fuel Domestic Appliances 2024

Market Size for Iron Or Steel Liquid Fuel Domestic Appliances in Luxembourg

The Luxembourg metal liquid fuel appliances market surged to $X in 2022, growing by 37% against the previous year. Overall, consumption, however, recorded a perceptible setback. Metal liquid fuel appliances consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Iron Or Steel Liquid Fuel Domestic Appliances in Luxembourg

In value terms, metal liquid fuel appliances production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production, however, saw a deep downturn. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

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Exports of Iron Or Steel Liquid Fuel Domestic Appliances

Exports from Luxembourg

In 2022, shipments abroad of iron or steel liquid fuel domestic appliances increased by 145% to X units, rising for the third consecutive year after four years of decline. Over the period under review, exports recorded a resilient expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 850% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, metal liquid fuel appliances exports surged to $X in 2022. Overall, exports showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 3,823% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Belgium (X units) was the main destination for metal liquid fuel appliances exports from Luxembourg, with a 30% share of total exports. Moreover, metal liquid fuel appliances exports to Belgium exceeded the volume sent to the second major destination, Germany (X units), threefold. Spain (X units) ranked third in terms of total exports with an 8.9% share.

From 2012 to 2022, the average annual growth rate of volume to Belgium stood at -4.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-15.5% per year) and Spain (+438.5% per year).

In value terms, the UK ($X), France ($X) and Switzerland ($X) were the largest markets for metal liquid fuel appliances exported from Luxembourg worldwide, together comprising 35% of total exports. Belgium, Spain, Greece, Portugal, Germany and Italy lagged somewhat behind, together accounting for a further 50%.

Among the main countries of destination, Spain, with a CAGR of +901.1%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average metal liquid fuel appliances export price amounted to $X per unit, dropping by -40.2% against the previous year. In general, the export price, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by 313%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2021, and then contracted remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per unit), while the average price for exports to Belgium ($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 Spain (+85.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron Or Steel Liquid Fuel Domestic Appliances

Imports into Luxembourg

In 2022, imports of iron or steel liquid fuel domestic appliances into Luxembourg soared to X units, with an increase of 72% against 2021. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 168%. Over the period under review, imports reached the peak figure at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, metal liquid fuel appliances imports surged to $X in 2022. Overall, imports, however, saw a deep setback. The pace of growth appeared the most rapid in 2021 when imports increased by 73% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Belgium (X units) constituted the largest metal liquid fuel appliances supplier to Luxembourg, accounting for a 62% share of total imports. Moreover, metal liquid fuel appliances imports from Belgium exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. China (X units) ranked third in terms of total imports with a 15% share.

From 2012 to 2022, the average annual growth rate of volume from Belgium stood at +8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-7.8% per year) and China (+9.6% per year).

In value terms, Belgium ($X), Germany ($X) and China ($X) were the largest metal liquid fuel appliances suppliers to Luxembourg, with a combined 79% share of total imports.

In terms of the main suppliers, China, with a CAGR of +36.4%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average metal liquid fuel appliances import price amounted to $X per unit, with a decrease of -26.7% against the previous year. In general, the import price recorded a deep setback. The most prominent rate of growth was recorded in 2020 when the average import price increased by 67%. Over the period under review, average import prices attained the maximum at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+24.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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