Luxembourg: Laser Market 2024

Laser Market Size in Luxembourg

The Luxembourg laser market rose slightly to $X in 2022, increasing by X% against the previous year. Overall, consumption continues to indicate a resilient expansion. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Laser Production in Luxembourg

In value terms, laser production amounted 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 2017 with an increase of X%. Laser production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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Laser Exports

Exports from Luxembourg

Laser exports from Luxembourg declined markedly to X units in 2022, waning by X% against the year before. In general, exports, however, showed significant growth. The growth pace was the most rapid in 2018 when exports increased by X%. As a result, the exports attained the peak of X units. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, laser exports shrank dramatically to $X in 2022. Overall, exports, however, showed resilient growth. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Italy (X units), Turkey (X units) and the United States (X units) were the main destinations of laser 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 Turkey (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) emerged as the key foreign market for lasers, other than laser diodes exports from Luxembourg, comprising X% of total exports. The second position in the ranking was held by Turkey ($X), with a X% share of total exports. It was followed by the United States, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Italy amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (X% per year) and the United States (X% per year).

Export Prices by Country

The average laser export price stood at $X per unit in 2022, surging by X% against the previous year. In general, the export price, however, faced a abrupt decrease. The pace of growth appeared the most rapid in 2018 when the average export price increased by X%. 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 remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Turkey ($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 Poland (X%), while the prices for the other major destinations experienced mixed trend patterns.

Laser Imports

Imports into Luxembourg

In 2022, overseas purchases of lasers, other than laser diodes decreased by X% to X units, falling for the fourth consecutive year after two years of growth. Overall, imports, however, recorded prominent growth. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, laser imports fell remarkably to $X in 2022. Over the period under review, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2018 when imports increased by X%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Japan (X units) constituted the largest supplier of laser to Luxembourg, accounting for a X% share of total imports. Moreover, laser imports from Japan exceeded the figures recorded by the second-largest supplier, France (X units), eightfold. The third position in this ranking was taken by Belgium (X units), with a X% share.

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

In value terms, Japan ($X) constituted the largest supplier of lasers, other than laser diodes to Luxembourg, comprising X% of total imports. The second position in the ranking was taken by France ($X), with a X% share of total imports. It was followed by Belgium, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Japan totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Belgium (X% per year).

Import Prices by Country

The average laser import price stood at $X per unit in 2022, growing by X% against the previous year. In general, the import price continues to indicate a strong increase. The pace of growth was the most pronounced in 2014 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the average 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 Germany ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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