Luxembourg: Worked Wax Articles Market 2024

Worked Wax Articles Market Size in Luxembourg

The Luxembourg worked wax articles market fell rapidly to $X in 2022, which is down by X% against the previous year. In general, consumption faced a abrupt setback. Worked wax articles consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Worked Wax Articles Production in Luxembourg

In value terms, worked wax articles production dropped remarkably to $X in 2022 estimated in export price. Over the period under review, production faced a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

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Worked Wax Articles Exports

Exports from Luxembourg

In 2022, worked wax articles exports from Luxembourg surged to X units, with an increase of X% against 2021 figures. Over the period under review, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, worked wax articles exports reduced dramatically to $X in 2022. Overall, exports recorded a resilient expansion. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then fell rapidly in the following year.

Exports by Country

India (X units), Azerbaijan (X units) and the United States (X units) were the main destinations of worked wax articles exports from Luxembourg, together comprising X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Azerbaijan ($X) and France ($X) appeared to be the largest markets for worked wax articles exported from Luxembourg worldwide, with a combined X% share of total exports.

The United States, with a CAGR of X%, saw the highest growth rate of the value of exports, among 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 worked wax articles export price amounted to $X per unit, falling by X% against the previous year. Over the period under review, the export price saw a significant contraction. The most prominent rate of growth was recorded in 2020 an increase of X%. The export price peaked at $X per unit in 2021, and then declined markedly in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the average price for exports to India ($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 a decline.

Worked Wax Articles Imports

Imports into Luxembourg

In 2022, purchases abroad of worked articles of wax increased by X% to X units, rising for the third consecutive year after three years of decline. Overall, imports showed measured growth. The growth pace was the most rapid in 2016 when imports increased by X%. As a result, imports attained the peak of X units. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, worked wax articles imports declined remarkably to $X in 2022. Over the period under review, imports saw strong growth. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Belgium (X units) constituted the largest worked wax articles supplier to Luxembourg, with a X% share of total imports. Moreover, worked wax articles imports from Belgium exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. The third position in this ranking was taken by Austria (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Belgium stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Austria (X.0% per year).

In value terms, Belgium ($X), Germany ($X) and the Netherlands ($X) appeared to be the largest worked wax articles suppliers to Luxembourg, with a combined X% share of total imports. France, Portugal, Austria and Canada lagged somewhat behind, together accounting for a further X%.

Austria, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of 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 2022, the average worked wax articles import price amounted to $X per unit, shrinking by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X%. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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