Luxembourg: Market for Machine Tools For Working Metal 2024

Market Size for Machine Tools For Working Metal in Luxembourg

For the fourth consecutive year, the Luxembourg machine-tool for working metal market recorded decline in sales value, which decreased by X% to $X in 2022. Over the period under review, consumption saw a dramatic setback. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Exports of Machine Tools For Working Metal

Exports from Luxembourg

In 2022, exports of machine tools for working metal from Luxembourg declined remarkably to X units, which is down by X% against the previous year's figure. Over the period under review, exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports hit record highs at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, machine-tool for working metal exports fell dramatically to $X in 2022. In general, exports saw a slight decline. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

China (X units), Italy (X units) and France (X units) were the main destinations of machine-tool for working metal exports from Luxembourg, with a combined X% share of total exports.

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

In value terms, Italy ($X), China ($X) and France ($X) appeared to be the largest markets for machine-tool for working metal exported from Luxembourg worldwide, with a combined X% share of total exports. Belgium, Germany, the Czech Republic, Slovenia, Portugal, the UK, Finland, Denmark, Poland and Japan lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, the UK, 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

In 2022, the average machine-tool for working metal export price amounted to $X per unit, which is down by X% against the previous year. Over the period under review, the export price, however, recorded a remarkable increase. The pace of growth was the most pronounced in 2020 when the average export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Japan ($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 UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine Tools For Working Metal

Imports into Luxembourg

Machine-tool for working metal imports into Luxembourg shrank dramatically to X units in 2022, which is down by X% against the previous year's figure. Over the period under review, imports saw a sharp slump. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, machine-tool for working metal imports declined notably to $X in 2022. In general, imports, however, posted a perceptible increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Italy (X units), Germany (X units) and Belgium (X units) were the main suppliers of machine-tool for working metal imports to Luxembourg, with a combined X% share of total imports. Turkey, the Netherlands, France, Portugal, Austria, China and the Czech Republic lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Portugal (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Germany ($X) and Belgium ($X) appeared to be the largest machine-tool for working metal suppliers to Luxembourg, with a combined X% share of total imports. The Netherlands, France, Portugal, Turkey, Austria, China and the Czech Republic lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Portugal, with a CAGR of X%, saw the highest growth rate of 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

The average machine-tool for working metal import price stood at $X per unit in 2022, falling by X% against the previous year. Overall, the import price, however, enjoyed significant growth. The growth pace was the most rapid in 2020 when the average import price increased by X%. The import price peaked at $X per unit in 2021, and then shrank in the following year.

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

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

Source: IndexBox Platform

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