Luxembourg: Market for Pulley Tackle And Hoists Powered By An Electric Motor 2022

Market Size for Pulley Tackle And Hoists Powered By An Electric Motor in Luxembourg

The Luxembourg market for pulley tackle and hoists powered by an electric motor shrank markedly to $X in 2021, which is down 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). Overall, consumption continues to indicate a deep slump. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Exports of Pulley Tackle And Hoists Powered By An Electric Motor

Exports from Luxembourg

In 2021, approx. X units of pulley tackle and hoists powered by an electric motor were exported from Luxembourg; with a decrease of -X% compared with 2020. In general, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, exports of pulley tackle and hoists powered by an electric motor soared to $X in 2021. Overall, exports, however, continue to indicate buoyant growth. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Belgium (X units), Norway (X units) and Germany (X units) were the main destinations of exports of pulley tackle and hoists powered by an electric motor from Luxembourg, together comprising X% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Norway (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, Norway ($X), Belgium ($X) and the UK ($X) appeared to be the largest markets for pulley tackle and hoists powered by an electric motor exported from Luxembourg worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, Norway, with a CAGR of +X%, recorded the highest growth rate of 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 2021, the average export price for pulley tackle and hoists powered by an electric motor amounted to $X per unit, growing by X% against the previous year. In general, the export price, however, showed a abrupt setback. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Norway ($X per unit), while the average price for exports to Germany ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Pulley Tackle And Hoists Powered By An Electric Motor

Imports into Luxembourg

In 2021, after two years of growth, there was significant decline in purchases abroad of pulley tackle and hoists powered by an electric motor, when their volume decreased by -X% to X units. Overall, imports, however, continue to indicate a measured increase. The pace of growth appeared the most rapid in 2020 when imports increased by X%. As a result, imports attained the peak of X units, and then contracted markedly in the following year.

In value terms, imports of pulley tackle and hoists powered by an electric motor declined to $X in 2021. Over the period under review, imports, however, continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Belgium (X units), Germany (X units) and France (X units) were the main suppliers of imports of pulley tackle and hoists powered by an electric motor to Luxembourg, with a combined X% share of total imports. These countries were followed by Italy and Turkey, which together accounted for a further X 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of pulley tackle and hoists powered by an electric motor to Luxembourg, comprising X% of total imports. The second position in the ranking was occupied by France ($X), with a X% share of total imports. It was followed by Belgium, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-X% per year) and Belgium (-X% per year).

Import Prices by Country

The average import price for pulley tackle and hoists powered by an electric motor stood at $X per unit in 2021, jumping by X% against the previous year. Over the period under review, the import price, however, showed a deep contraction. The most prominent rate of growth was recorded in 2016 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2017 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (-X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform