
Luxembourg - Solid Biofuels - Market Analysis, Forecast, Size, Trends and Insights
Luxembourg: Solid Biofuel Market 2023
Solid Biofuel Market Size in Luxembourg
The Luxembourg solid biofuel market surged to $X in 2022, increasing by 20% against the previous year. Over the period under review, consumption continues to indicate a notable increase. Solid biofuel consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.
Solid Biofuel Production in Luxembourg
In value terms, solid biofuel production declined to $X in 2022 estimated in export price. In general, production saw resilient growth. The most prominent rate of growth was recorded in 2014 when the production volume increased by 139%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.
Solid Biofuel Exports
Exports from Luxembourg
In 2022, solid biofuel exports from Luxembourg shrank dramatically to X tons, with a decrease of -38.6% compared with the previous year's figure. In general, exports, however, posted a resilient increase. The growth pace was the most rapid in 2016 with an increase of 127% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a lower figure.
In value terms, solid biofuel exports surged to $X in 2022. Overall, exports, however, saw a significant increase. The growth pace was the most rapid in 2016 when exports increased by 139% against the previous year. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.
Exports by Country
Germany (X tons), France (X tons) and Belgium (X tons) were the main destinations of solid biofuel exports from Luxembourg, together comprising 97% of total exports.
From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of +48.4%), while the other leaders experienced more modest paces of growth.
In value terms, Germany ($X), France ($X) and Belgium ($X) were the largest markets for solid biofuel exported from Luxembourg worldwide, together comprising 99% of total exports.
Among the main countries of destination, France, with a CAGR of +46.4%, saw 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
The average solid biofuel export price stood at $X per ton in 2022, with an increase of 91% against the previous year. In general, the export price saw a resilient increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Germany ($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 Germany (+10.1%), while the prices for the other major destinations experienced mixed trend patterns.
Solid Biofuel Imports
Imports into Luxembourg
Solid biofuel imports into Luxembourg rose sharply to X tons in 2022, growing by 10% compared with the year before. Over the period under review, imports enjoyed a strong increase. The growth pace was the most rapid in 2013 with an increase of 141%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.
In value terms, solid biofuel imports soared to $X in 2022. Overall, imports recorded a resilient increase. The growth pace was the most rapid in 2013 when imports increased by 73% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
Imports by Country
In 2022, Belgium (X tons) constituted the largest solid biofuel supplier to Luxembourg, with a 76% share of total imports. Moreover, solid biofuel imports from Belgium exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. The third position in this ranking was held by Poland (X tons), with a 2.7% share.
From 2012 to 2022, the average annual growth rate of volume from Belgium stood at +22.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+15.9% per year) and Poland (+64.1% per year).
In value terms, Belgium ($X) constituted the largest supplier of solid biofuels to Luxembourg, comprising 74% of total imports. The second position in the ranking was taken by Germany ($X), with a 14% share of total imports. It was followed by France, with a 5.5% share.
From 2012 to 2022, the average annual growth rate of value from Belgium stood at +22.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+11.2% per year) and France (+0.7% per year).
Import Prices by Country
The average solid biofuel import price stood at $X per ton in 2022, jumping by 43% against the previous year. Over the period under review, the import price, however, recorded a noticeable setback. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the solid biofuel market in Luxembourg. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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