Luxembourg: Way-Type Unit Head Market 2022

Way-Type Unit Head Market Size in Luxembourg

The Luxembourg way-type unit head market declined rapidly to $X in 2021, 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). Over the period under review, consumption, however, showed buoyant growth. Over the period under review, the market attained the peak level at $X in 2020, and then fell significantly in the following year.

Way-Type Unit Head Exports

Exports from Luxembourg

In 2021, overseas shipments of way-type unit heads for working metal decreased by -X% to X kg for the first time since 2018, thus ending a two-year rising trend. Overall, exports, however, posted a resilient increase. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, the exports reached the maximum at X kg in 2020, and then declined remarkably in the following year.

In value terms, way-type unit head exports declined rapidly to $X in 2021. Over the period under review, exports, however, posted a measured expansion. The most prominent rate of growth was recorded in 2019 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2020, and then shrank sharply in the following year.

Exports by Country

France (X kg) was the main destination for way-type unit head exports from Luxembourg, with a approx. X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to France stood at +X%.

In value terms, France ($X) also remains the key foreign market for way-type unit head exports from Luxembourg.

From 2012 to 2021, the average annual rate of growth in terms of value to France totaled +X%.

Export Prices by Country

The average way-type unit head export price stood at $X per ton in 2021, waning by -X% against the previous year. In general, the export price showed a deep downturn. The pace of growth was the most pronounced in 2020 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for France amounted to -X% per year.

Way-Type Unit Head Imports

Imports into Luxembourg

In 2021, imports of way-type unit heads for working metal into Luxembourg dropped sharply to X tons, with a decrease of -X% against the previous year. Over the period under review, imports, however, posted resilient growth. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Imports peaked at X tons in 2020, and then dropped sharply in the following year.

In value terms, way-type unit head imports dropped rapidly to $X in 2021. Overall, imports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2020, and then contracted rapidly in the following year.

Imports by Country

In 2021, Belgium (X tons) constituted the largest way-type unit head supplier to Luxembourg, accounting for a X% share of total imports. Moreover, way-type unit head imports from Belgium exceeded the figures recorded by the second-largest supplier, Germany (X tons), sevenfold.

From 2012 to 2021, the average annual growth rate of volume from Belgium totaled +X%.

In value terms, Belgium ($X) constituted the largest supplier of way-type unit head to Luxembourg, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Belgium stood at +X%.

Import Prices by Country

The average way-type unit head import price stood at $X per ton in 2021, rising by less than X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was Belgium ($X per ton), while the price for Germany amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (-X%).

Source: IndexBox Market Intelligence Platform

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