Luxembourg: Machine-Tool For Drilling Market 2024

Machine-Tool For Drilling Market Size in Luxembourg

The Luxembourg machine-tool for drilling market contracted remarkably to $X in 2022, falling 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, however, showed a strong increase. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Machine-Tool For Drilling Exports

Exports from Luxembourg

In 2022, overseas shipments of machine-tools for drilling, boring or milling metal decreased by X% to X units, falling for the second consecutive year after two years of growth. In general, exports showed a abrupt setback. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, machine-tool for drilling exports surged to $X in 2022. Overall, exports saw a relatively flat trend pattern. Over the period under review, the exports reached the maximum at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Belgium (X units) was the main destination for machine-tool for drilling exports from Luxembourg, with a X% share of total exports. Moreover, machine-tool for drilling exports to Belgium exceeded the volume sent to the second major destination, the UK (X units), fourfold. The third position in this ranking was taken by Spain (X units), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Belgium amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Spain (X% per year).

In value terms, Spain ($X) emerged as the key foreign market for machine-tools for drilling, boring or milling metal exports from Luxembourg, comprising X% of total exports. The second position in the ranking was held by Belgium ($X), with a X% share of total exports. It was followed by Switzerland, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain totaled X.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (X% per year) and Switzerland (X% per year).

Export Prices by Country

The average machine-tool for drilling export price stood at $X per unit in 2022, increasing by X% against the previous year. Over the period under review, the export price posted significant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per unit), while the average price for exports to China ($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 (X.1%), while the prices for the other major destinations experienced more modest paces of growth.

Machine-Tool For Drilling Imports

Imports into Luxembourg

Machine-tool for drilling imports into Luxembourg reduced sharply to X units in 2022, dropping by X% on 2021. Over the period under review, imports, however, posted a strong expansion. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Imports peaked at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, machine-tool for drilling imports soared to $X in 2022. In general, imports, however, posted strong growth. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of machine-tool for drilling to Luxembourg, accounting for a X% share of total imports. Moreover, machine-tool for drilling imports from Germany exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), threefold.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Belgium (X% per year).

In value terms, Germany ($X), Belgium ($X) and Taiwan (Chinese) ($X) appeared to be the largest machine-tool for drilling suppliers to Luxembourg, together accounting for X% of total imports.

Taiwan (Chinese), with a CAGR of X%, recorded 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 a decline.

Import Prices by Country

In 2022, the average machine-tool for drilling import price amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the import price posted a mild expansion. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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