Luxembourg: Mineral Wool Market 2022

Mineral Wool Market Size in Luxembourg

The Luxembourg mineral wool market expanded rapidly to $X in 2021, picking up 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). The market value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Mineral wool consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Mineral Wool Exports

Exports from Luxembourg

Mineral wool exports from Luxembourg amounted to X tons in 2021, approximately mirroring 2020. In general, exports continue to indicate resilient growth. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the near future.

In value terms, mineral wool exports rose significantly to $X in 2021. Over the period under review, exports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the near future.

Exports by Country

France (X tons) was the main destination for mineral wool exports from Luxembourg, with a X% share of total exports. Moreover, mineral wool exports to France exceeded the volume sent to the second major destination, Belgium (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume to France totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-X% per year) and Germany (+X% per year).

In value terms, France ($X), Belgium ($X) and Germany ($X) were the largest markets for mineral wool exported from Luxembourg worldwide, together accounting for X% of total exports.

France, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of exports, among 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 2021, the average mineral wool export price amounted to $X per ton, rising by X% against the previous year. In general, the export price, however, showed a pronounced shrinkage. The growth pace was the most rapid in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

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

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

Mineral Wool Imports

Imports into Luxembourg

In 2021, imports of slag wool, rock wool and similar mineral wools and mixtures into Luxembourg declined to X tons, reducing by -X% against the previous year. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, mineral wool imports reached $X in 2021. The total import value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Belgium (X tons), Germany (X tons) and France (X tons) were the main suppliers of mineral wool imports to Luxembourg, together comprising X% of total imports.

From 2012 to 2021, the biggest increases were in France (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X) constituted the largest supplier of mineral wool to Luxembourg, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports. It was followed by France, with a X% share.

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

Import Prices by Country

The average mineral wool import price stood at $X per ton in 2021, jumping by X% against the previous year. Over the last nine-year period, it increased at an average annual rate of +X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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