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Luxembourg - Tyres - Market Analysis, Forecast, Size, Trends and Insights
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Luxembourg: Tyre Market Overview 2021

Tyre Market Size in Luxembourg

In 2019, the Luxembourg tyre market was finally on the rise to reach $X after four years of decline. In general, consumption, however, continues to indicate a relatively flat trend pattern. Tyre consumption peaked at $X in 2014; however, from 2015 to 2019, consumption stood at a somewhat lower figure.

Tyre Exports

Exports from Luxembourg

In 2019, shipments abroad of tyres decreased by -X% to X units for the first time since 2016, thus ending a two-year rising trend. Over the period under review, exports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2008 with an increase of X% y-o-y. Exports peaked at X units in 2011; however, from 2012 to 2019, exports remained at a lower figure.

In value terms, tyre exports dropped notably to $X in 2019. In general, exports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2009 with an increase of X% year-to-year. Exports peaked at $X in 2011; however, from 2012 to 2019, exports stood at a somewhat lower figure.

Exports by Country

The UK (X units) was the main destination for tyre exports from Luxembourg, with a approx. X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of volume to the UK stood at +X%.

In value terms, the UK ($X) also remains the key foreign market for tyre exports from Luxembourg.

From 2007 to 2019, the average annual rate of growth in terms of value to the UK stood at +X%.

Export Prices by Country

The average tyre export price stood at $X per unit in 2019, which is down by -X% against the previous year. In general, the export price saw a sharp curtailment. The growth pace was the most rapid in 2009 when the average export price increased by X% against the previous year. Over the period under review, average export prices attained the peak figure at $X per unit in 2007; however, from 2008 to 2019, export prices failed to regain the momentum.

As there is only one major export destination, the average price level is determined by prices for the UK.

From 2007 to 2019, the rate of growth in terms of prices for the UK amounted to -X% per year.

Tyre Imports

Imports into Luxembourg

In 2019, overseas purchases of tyres decreased by -X% to X units, falling for the second consecutive year after two years of growth. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X% y-o-y. Over the period under review, imports attained the maximum at X units in 2011; however, from 2012 to 2019, imports remained at a lower figure.

In value terms, tyre imports reduced to $X in 2019. Over the period under review, total imports indicated a tangible increase from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2010 with an increase of X% year-to-year. Imports peaked at $X in 2011; however, from 2012 to 2019, imports stood at a somewhat lower figure.

Imports by Country

Germany (X units), the U.S. (X units) and Belgium (X units) were the main suppliers of tyre imports to Luxembourg, with a combined X% share of total imports.

From 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the U.S. (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Germany ($X) and the Netherlands ($X) were the largest tyre suppliers to Luxembourg, together comprising X% of total imports. The U.S., Turkey, France and the UK lagged somewhat behind, together accounting for a further X terms of the main suppliers, the U.S. (+X% per year) saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average tyre import price stood at $X per unit in 2019, picking up by X% against the previous year. Overall, import price indicated modest growth from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, tyre import price increased by +X% against 2017 indices. The pace of growth appeared the most rapid in 2012 an increase of X% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2019, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Turkey ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Belgium, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for tyres in the world?
+
The countries with the highest volumes of tyre consumption in 2019 were China (878M units), the U.S. (506M units) and India (347M units), with a combined 48% share of global consumption. Indonesia, Japan, Brazil, Germany, the UK, Russia, Iran, France and Thailand lagged somewhat behind, together accounting for a further 22%.
What are the largest producers of tyres in the world?
+
China (1.3B units) constituted the country with the largest volume of tyre production, comprising approx. 36% of total volume. Moreover, tyre production in China exceeded the figures recorded by the second-largest producer, India (375M units), threefold. The U.S. (277M units) ranked third in terms of total production with a 7.7% share.
What are the leading suppliers of tyres to Luxembourg?
+
In value terms, Belgium ($63M), Germany ($47M) and the Netherlands ($17M) appeared to be the largest tyre suppliers to Luxembourg, with a combined 68% share of total imports. The U.S., Turkey, France and the UK lagged somewhat behind, together comprising a further 19%.
What are the leading importers of tyres from Luxembourg?
+
In value terms, the UK ($2.7M) remains the key foreign market for tyre exports from Luxembourg.
What is the average export price for tyres in Luxembourg?
+
In 2019, the average tyre export price amounted to $8.9 per unit, waning by -87% against the previous year.
What is the average import price for tyres in Luxembourg?
+
The average tyre import price stood at $78 per unit in 2019, increasing by 3.3% against the previous year.

Product coverage:
• Prodcom 22111100 - New pneumatic rubber tyres for motor cars (including for racing cars)

This report provides an in-depth analysis of the tyre 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 2025.


Country coverage:
• Luxembourg

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Luxembourg
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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