Luxembourg: Non-Propelled Vehicle Market 2024

Non-Propelled Vehicle Market Size in Luxembourg

The Luxembourg non-propelled vehicle market shrank to $X in 2022, approximately mirroring the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Non-Propelled Vehicle Production in Luxembourg

In value terms, non-propelled vehicle production fell to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when the production volume increased by X%. Non-propelled vehicle production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Non-Propelled Vehicle Exports

Exports from Luxembourg

In 2022, approx. X units of vehicles not mechanically propelled were exported from Luxembourg; shrinking by X% compared with 2021. Over the period under review, exports, however, continue to indicate a mild increase. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, non-propelled vehicle exports surged to $X in 2022. Overall, exports, however, posted a notable expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Belgium (X units), France (X units) and the Netherlands (X units) were the main destinations of non-propelled vehicle exports from Luxembourg, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-propelled vehicle exported from Luxembourg were Belgium ($X), France ($X) and the Netherlands ($X), together accounting for X% of total exports. Germany, the United States, Azerbaijan and Poland lagged somewhat behind, together accounting for a further X%.

The United States, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average non-propelled vehicle export price amounted to $X per unit, surging by X% against the previous year. In general, the export price posted a pronounced increase. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced mixed trend patterns.

Non-Propelled Vehicle Imports

Imports into Luxembourg

In 2022, overseas purchases of vehicles not mechanically propelled increased by X% to X units, rising for the third year in a row after two years of decline. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, non-propelled vehicle imports skyrocketed to $X in 2022. Overall, total imports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Belgium (X units), Germany (X units) and France (X units) were the main suppliers of non-propelled vehicle imports to Luxembourg, with a combined X% share of total imports. The United States, Turkey, the Netherlands and China lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest non-propelled vehicle suppliers to Luxembourg were Germany ($X), the United States ($X) and Belgium ($X), together comprising X% of total imports. France, Turkey, the Netherlands and China lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Turkey, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2022, the average non-propelled vehicle import price amounted to $X per unit, rising by X% against the previous year. In general, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-propelled vehicle import price decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2014 an increase of X%. Over the period under review, average import prices reached the maximum at $X per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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