Luxembourg: Market for Rubber-to-Metal and Moulded Articles 2024

Market Size for Rubber-to-Metal and Moulded Articles in Luxembourg

The Luxembourg rubber-to-metal and moulded article market totaled $X in 2022, growing by X% against the previous year. Overall, consumption saw a significant increase. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Rubber-to-Metal and Moulded Articles in Luxembourg

In value terms, rubber-to-metal and moulded article production amounted to $X in 2022 estimated in export price. Overall, production showed a significant expansion. The growth pace was the most rapid in 2015 when the production volume increased by X% against the previous year. Rubber-to-metal and moulded article production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Rubber-to-Metal and Moulded Articles

Exports from Luxembourg

In 2022, overseas shipments of rubber-to-metal and moulded articles increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports showed significant growth. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, rubber-to-metal and moulded article exports shrank slightly to $X in 2022. In general, exports posted prominent growth. The most prominent rate of growth was recorded in 2018 when exports increased by X%. As a result, the exports reached the peak of $X; afterwards, it flattened through to 2022.

Exports by Country

France (X tons) was the main destination for rubber-to-metal and moulded article exports from Luxembourg, accounting for a X% share of total exports. Moreover, rubber-to-metal and moulded article exports to France exceeded the volume sent to the second major destination, Belgium (X tons), threefold. Hungary (X tons) ranked third in terms of total exports with a X% share.

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

In value terms, France ($X), Belgium ($X) and Hungary ($X) were the largest markets for rubber-to-metal and moulded article exported from Luxembourg worldwide, with a combined X% share of total exports.

Hungary, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination 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 rubber-to-metal and moulded article export price amounted to $X per ton, falling by X% against the previous year. Over the period under review, the export price showed a abrupt descent. The most prominent rate of growth was recorded in 2020 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rubber-to-Metal and Moulded Articles

Imports into Luxembourg

Rubber-to-metal and moulded article imports into Luxembourg contracted to X tons in 2022, which is down by X% on the year before. Over the period under review, total imports indicated a mild increase from 2012 to 2022: its volume 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, imports decreased by X% against 2018 indices. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, rubber-to-metal and moulded article imports expanded notably to $X in 2022. Overall, total imports indicated a prominent expansion from 2012 to 2022: its value 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, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), Belgium (X tons) and the Netherlands (X tons) were the main suppliers of rubber-to-metal and moulded article imports to Luxembourg, together comprising X% of total imports.

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

In value terms, the largest rubber-to-metal and moulded article suppliers to Luxembourg were Germany ($X), Belgium ($X) and the Netherlands ($X), together comprising X% of total imports.

In terms of the main suppliers, the Netherlands, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average rubber-to-metal and moulded article import price stood at $X per ton in 2022, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 an increase of X%. The import price peaked in 2022 and is expected to retain growth in years to come.

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

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

Source: IndexBox Platform

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