Luxembourg: Market for Lathes For Removing Metal 2024

Market Size for Lathes For Removing Metal in Luxembourg

In 2022, the Luxembourg lathe for removing metal market decreased by X% to $X, falling for the sixth year in a row after five years of growth. In general, consumption recorded a abrupt decline. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Production of Lathes For Removing Metal in Luxembourg

In value terms, lathe for removing metal production shrank sharply to $X in 2022 estimated in export price. In general, production recorded a abrupt downturn. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Exports of Lathes For Removing Metal

Exports from Luxembourg

In 2022, exports of lathes for removing metal from Luxembourg fell significantly to X units, waning by X% on the previous year. Overall, exports faced a drastic downturn. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, lathe for removing metal exports shrank markedly to $X in 2022. In general, exports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2014 when exports increased by X%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

France (X units) was the main destination for lathe for removing metal exports from Luxembourg, with a X% share of total exports. Moreover, lathe for removing metal exports to France exceeded the volume sent to the second major destination, Germany (X units), threefold. 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 France stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Austria (X% per year).

In value terms, France ($X), Germany ($X) and Austria ($X) were the largest markets for lathe for removing metal exported from Luxembourg worldwide, together comprising X% of total exports. Sweden lagged somewhat behind, accounting for a further X%.

Sweden, with a CAGR of X%, 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 mixed trend patterns.

Export Prices by Country

In 2022, the average lathe for removing metal export price amounted to $X per unit, dropping by X% against the previous year. In general, the export price, however, recorded moderate growth. The growth pace was the most rapid in 2019 an increase of X% against the previous year. The export price peaked at $X per unit in 2021, and then declined remarkably in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Sweden ($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%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Lathes For Removing Metal

Imports into Luxembourg

For the third consecutive year, Luxembourg recorded decline in overseas purchases of lathes for removing metal, which decreased by X% to X units in 2022. Overall, imports recorded a deep downturn. The most prominent rate of growth was recorded in 2016 when imports increased by X%. As a result, imports attained the peak of X units. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, lathe for removing metal imports plummeted to $X in 2022. In general, imports, however, continue to indicate a mild increase. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

France (X units), Germany (X units) and Austria (X units) were the main suppliers of lathe for removing metal imports to Luxembourg, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest lathe for removing metal suppliers to Luxembourg were France ($X), Germany ($X) and Turkey ($X), with a combined X% share of total imports.

Turkey, with a CAGR of X%, saw the highest growth rate of 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

In 2022, the average lathe for removing metal import price amounted to $X per unit, approximately equating the previous year. Overall, the import price enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2013 an increase of X%. Over the period under review, average import prices attained the maximum at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per unit), while the price for Austria ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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