Luxembourg: Measuring Instrument Market 2024

Measuring Instrument Market Size in Luxembourg

The Luxembourg measuring instrument market skyrocketed to $X in 2022, with an increase of X% against the previous year. Overall, consumption posted mild growth. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Measuring Instrument Production in Luxembourg

In value terms, measuring instrument production soared to $X in 2022 estimated in export price. Over the period under review, production enjoyed strong growth. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Measuring Instrument Exports

Exports from Luxembourg

In 2022, approx. X units of instruments and apparatus for measuring or checking the flow or level of liquids were exported from Luxembourg; approximately equating 2021. Over the period under review, exports, however, continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2018 when exports increased by X%. Over the period under review, the exports attained the maximum at X units in 2021, and then fell slightly in the following year.

In value terms, measuring instrument exports contracted to $X in 2022. Overall, exports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units), France (X units) and Spain (X units) were the main destinations of measuring instrument exports from Luxembourg, together accounting for X% of total exports. Romania, the UK, Hungary and the United States lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest markets for measuring instrument exported from Luxembourg were Germany ($X), France ($X) and the UK ($X), together accounting for X% of total exports. Spain, Romania, Hungary and the United States lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Hungary, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average measuring instrument export price stood at $X per unit in 2022, dropping by X% against the previous year. Overall, the export price recorded a deep reduction. The pace of growth appeared the most rapid in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the United States ($X per unit) and the UK ($X per unit), while the average price for exports to Hungary ($X per unit) and Spain ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (X%), while the prices for the other major destinations experienced a decline.

Measuring Instrument Imports

Imports into Luxembourg

Measuring instrument imports into Luxembourg reached X units in 2022, approximately mirroring the previous year's figure. Overall, total imports indicated buoyant growth from 2012 to 2022: its volume 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 2020 indices. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, measuring instrument imports shrank to $X in 2022. In general, imports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2016 with an increase of X%. Imports peaked at $X in 2021, and then contracted in the following year.

Imports by Country

Germany (X units), the Netherlands (X units) and Belgium (X units) were the main suppliers of measuring instrument imports to Luxembourg, with a combined X% share of total imports. Norway, France and the United States lagged somewhat behind, together accounting for a further X%.

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

In value terms, Germany ($X), the Netherlands ($X) and Belgium ($X) were the largest measuring instrument suppliers to Luxembourg, together comprising X% of total imports. France, Norway and the United States lagged somewhat behind, together comprising a further X%.

Norway, with a CAGR of X%, saw the highest growth rate of 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

The average measuring instrument import price stood at $X per unit in 2022, which is down by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of X%. The import price peaked at $X per unit in 2021, and then fell in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Norway ($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 mixed trend patterns.

Source: IndexBox Platform

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