Luxembourg: Overview of the Market for Pneumatic Or Hydraulic Hand Tools 2019

Market Size for Pneumatic Or Hydraulic Hand Tools in Luxembourg

The revenue of the market for pneumatic or hydraulic hand tools in Luxembourg amounted to $X in 2018, reducing 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). In general, consumption of pneumatic or hydraulic hand tools, however, continues to indicate a noticeable drop. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. In that year, the market for pneumatic or hydraulic hand tool attained its peak level of $X. From 2015 to 2018, the growth of the market for pneumatic or hydraulic hand tool remained at a somewhat lower figure.

Exports of Pneumatic Or Hydraulic Hand Tools

Exports from Luxembourg

Exports of pneumatic or hydraulic hand tools from Luxembourg amounted to X units in 2018, going up by X% against the previous year. Over the period under review, exports of pneumatic or hydraulic hand tools continue to indicate a skyrocketing increase. The pace of growth appeared the most rapid in 2012 when exports increased by X% year-to-year. Exports peaked in 2018 and are expected to retain its growth in the immediate term.

In value terms, exports of pneumatic or hydraulic hand tools stood at $X in 2018. Overall, exports of pneumatic or hydraulic hand tools continue to indicate an outstanding increase. The pace of growth was the most pronounced in 2012 when exports increased by X% y-o-y. Over the period under review, exports of pneumatic or hydraulic hand tools attained their peak figure in 2018 and are expected to retain its growth in the immediate term.

Exports by Country

Russia (X units) was the main destination for exports of pneumatic or hydraulic hand tools from Luxembourg, with a X% share of total exports. Moreover, exports of pneumatic or hydraulic hand tools to Russia exceeded the volume sent to the second major destination, Belgium (X units), threefold. The third position in this ranking was occupied by Germany (X units), with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume to Russia stood at +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, Germany ($X), Russia ($X) and Belgium ($X) constituted the largest markets for pneumatic or hydraulic hand tool exported from Luxembourg worldwide, together accounting for X% of total exports.

In terms of the main countries of destination, Germany recorded the highest rates of growth with regard to exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for pneumatic or hydraulic hand tools stood at $X per unit in 2018, remaining stable against the previous year. In general, the export price for pneumatic or hydraulic hand tools, however, continues to indicate an abrupt decline. The pace of growth was the most pronounced in 2014 an increase of X% y-o-y. The export price peaked at $X per unit in 2007; however, from 2008 to 2018, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Germany ($X per unit), while the average price for exports to South Africa ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland, while the prices for the other major destinations experienced a decline.

Imports of Pneumatic Or Hydraulic Hand Tools

Imports into Luxembourg

In 2018, the imports of pneumatic or hydraulic hand tools into Luxembourg totaled X units, falling by -X% against the previous year. Over the period under review, imports of pneumatic or hydraulic hand tools, however, continue to indicate strong growth. The pace of growth was the most pronounced in 2017 with an increase of X% year-to-year. In that year, imports of pneumatic or hydraulic hand tools attained their peak of X units, and then declined slightly in the following year.

In value terms, imports of pneumatic or hydraulic hand tools totaled $X in 2018. Over the period under review, imports of pneumatic or hydraulic hand tools, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 when imports increased by X% against the previous year. In that year, imports of pneumatic or hydraulic hand tools attained their peak of $X. From 2012 to 2018, the growth of imports of pneumatic or hydraulic hand tools remained at a somewhat lower figure.

Imports by Country

The U.S. (X units), Belgium (X units) and Germany (X units) were the main suppliers of imports of pneumatic or hydraulic hand tools to Luxembourg, with a combined X% share of total imports. These countries were followed by the Netherlands, France and China, which together accounted for a further X 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by France, while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X) constituted the largest supplier of pneumatic or hydraulic hand tool to Luxembourg, comprising X% of total imports of pneumatic or hydraulic hand tools. The second position in the ranking was occupied by Germany ($X), with a X% share of total imports. It was followed by Belgium, with a X% share.

From 2007 to 2018, the average annual growth rate of value from the U.S. was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and Belgium (-X% per year).

Import Prices by Country

The average import price for pneumatic or hydraulic hand tools stood at $X per unit in 2018, declining by -X% against the previous year. Overall, the import price for pneumatic or hydraulic hand tools continues to indicate an abrupt decrease. The most prominent rate of growth was recorded in 2011 an increase of X% year-to-year. In that year, the average import prices for pneumatic or hydraulic hand tools reached their peak level of $X per unit. From 2012 to 2018, the growth in terms of the average import prices for pneumatic or hydraulic hand tools failed to regain its momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was the U.S. ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the U.S., while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform