Luxembourg: Mechano-Therapy Appliances Market 2024

Mechano-Therapy Appliances Market Size in Luxembourg

In 2022, after two years of growth, there was decline in the Luxembourg mechano-therapy appliances market, when its value decreased by X% to $X. Overall, consumption enjoyed a buoyant increase. Mechano-therapy appliances consumption peaked at $X in 2021, and then reduced slightly in the following year.

Mechano-Therapy Appliances Exports

Exports from Luxembourg

In 2022, the amount of mechano-therapy appliances and massage apparatus exported from Luxembourg contracted markedly to X units, dropping by X% against the previous year. Overall, exports, however, continue to indicate a noticeable expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X%. As a result, the exports attained the peak of X units. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, mechano-therapy appliances exports reduced dramatically to $X in 2022. Over the period under review, exports, however, continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2014 with an increase of X%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Belgium (X units) was the main destination for mechano-therapy appliances exports from Luxembourg, accounting for a X% share of total exports. Moreover, mechano-therapy appliances exports to Belgium exceeded the volume sent to the second major destination, France (X units), threefold. The third position in this ranking was taken by Switzerland (X units), with a 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: France (X% per year) and Switzerland (X% per year).

In value terms, Belgium ($X) remains the key foreign market for mechano-therapy appliances and massage apparatus exports from Luxembourg, comprising X% of total exports. The second position in the ranking was held by France ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

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

Export Prices by Country

The average mechano-therapy appliances export price stood at $X per unit in 2022, picking up by X% against the previous year. Over the period under review, export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, mechano-therapy appliances export price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. The export price peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Austria ($X per unit), while the average price for exports to Denmark ($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.

Mechano-Therapy Appliances Imports

Imports into Luxembourg

After two years of growth, purchases abroad of mechano-therapy appliances and massage apparatus decreased by X% to X units in 2022. Over the period under review, imports, however, continue to indicate strong growth. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X units in 2021, and then contracted in the following year.

In value terms, mechano-therapy appliances imports fell remarkably to $X in 2022. In general, imports, however, showed a prominent increase. The pace of growth was the most pronounced in 2020 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2021, and then fell remarkably in the following year.

Imports by Country

France (X units), Belgium (X units) and Germany (X units) were the main suppliers of mechano-therapy appliances imports to Luxembourg, together accounting for X% of total imports. The Netherlands, Hong Kong SAR, the United States, Spain, Italy, China and Switzerland lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest mechano-therapy appliances suppliers to Luxembourg were Belgium ($X), Germany ($X) and France ($X), with a combined X% share of total imports. The Netherlands, the United States, Italy, Hong Kong SAR, Spain, China and Switzerland lagged somewhat behind, together accounting for a further X%.

Hong Kong SAR, with a CAGR of X%, saw 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 more modest paces of growth.

Import Prices by Country

The average mechano-therapy appliances import price stood at $X per unit in 2022, with a decrease of X% against the previous year. Overall, the import price showed a pronounced curtailment. The pace of growth appeared the most rapid in 2014 an increase of X%. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :