Luxembourg: Wood Slicing Machine Market 2023

Wood Slicing Machine Market Size in Luxembourg

The Luxembourg wood slicing machine market declined markedly to $X in 2021, shrinking by -27.4% against the previous year. Over the period under review, consumption recorded a abrupt downturn. Wood slicing machine consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Wood Slicing Machine Production in Luxembourg

In value terms, wood slicing machine production totaled $X in 2021 estimated in export price. Over the period under review, production posted a strong increase. The growth pace was the most rapid in 2014 when the production volume increased by 202% against the previous year. Wood slicing machine production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Wood Slicing Machine Exports

Exports from Luxembourg

In 2021, approx. X units of splitting, slicing or paring machines were exported from Luxembourg; growing by 11,600% on the year before. Overall, exports saw prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, wood slicing machine exports soared to $X in 2021. Over the period under review, exports posted prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X units) was the main destination for wood slicing machine exports from Luxembourg, accounting for a 98% share of total exports. It was followed by Belgium (X units), with a 0.9% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Germany amounted to +45.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-28.7% per year) and France (0.0% per year).

In value terms, Germany ($X) emerged as the key foreign market for splitting, slicing or paring machines exports from Luxembourg, comprising 93% of total exports. The second position in the ranking was taken by Belgium ($X), with a 3.9% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Germany stood at +70.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-15.9% per year) and France (+11.0% per year).

Export Prices by Country

The average wood slicing machine export price stood at $X per unit in 2021, shrinking by -28.8% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 35% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the average price for exports to Germany ($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 Belgium (+18.7%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Slicing Machine Imports

Imports into Luxembourg

In 2021, overseas purchases of splitting, slicing or paring machines increased by 20% to X units for the first time since 2017, thus ending a three-year declining trend. Overall, imports, however, recorded a abrupt slump. The growth pace was the most rapid in 2017 when imports increased by 59%. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, wood slicing machine imports soared to $X in 2021. Over the period under review, imports, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2015 when imports increased by 112%. 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

In 2021, Germany (X units) constituted the largest wood slicing machine supplier to Luxembourg, accounting for a 56% share of total imports. Moreover, wood slicing machine imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X units), threefold. The third position in this ranking was held by Austria (X units), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from Germany totaled -16.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+16.5% per year) and Austria (+16.7% per year).

In value terms, Germany ($X), Austria ($X) and France ($X) were the largest wood slicing machine suppliers to Luxembourg, together accounting for 85% of total imports. These countries were followed by Belgium and the United States, which together accounted for a further 15%.

Belgium, with a CAGR of +60.4%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average wood slicing machine import price amounted to $X per unit, picking up by 57% against the previous year. Overall, the import price continues to indicate mild growth. The pace of growth appeared the most rapid in 2019 an increase of 161% against the previous year. The import price peaked at $X per unit in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Austria ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+11.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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