Price for Household or Laundry-Type Washing Machine in Luxembourg - 2023

Contents:

1. Price for Household or Laundry-Type Washing Machine in Luxembourg (CIF) - 2023
2. Price for Household or Laundry-Type Washing Machine in Luxembourg (FOB) - 2023
3. Imports of Household or Laundry-Type Washing Machine in Luxembourg
4. Exports of Household or Laundry-Type Washing Machine in Luxembourg

Price for Household or Laundry-Type Washing Machine in Luxembourg (CIF) - 2023

The average import price for household or laundry-type washing machines stood at $243 per unit in July 2023, standing approximately at the previous month. Over the period from August 2022 to July 2023, it increased at an average monthly rate of +1.3%. The growth pace was the most rapid in November 2022 when the average import price increased by 7.4% m-o-m. Over the period under review, average import prices reached the peak figure at $248 per unit in May 2023; however, from June 2023 to July 2023, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In July 2023, the countries with the highest prices were France ($254 per unit) and Germany ($253 per unit), while the price for Belgium ($231 per unit) and the Netherlands ($235 per unit) were amongst the lowest.

From August 2022 to July 2023, the most notable rate of growth in terms of prices was attained by France (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Household or Laundry-Type Washing Machine in Luxembourg (FOB) - 2023

The average export price for household or laundry-type washing machines stood at $263 per unit in July 2023, rising by 2% against the previous month. In general, export price indicated a modest increase from September 2022 to July 2023: its price increased at an average monthly rate of +1.9% over the last ten-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, household or laundry-type washing machine export price decreased by -6.6% against May 2023 indices. The pace of growth was the most pronounced in December 2022 when the average export price increased by 90% month-to-month. As a result, the export price attained the peak level of $411 per unit. From January 2023 to July 2023, the the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In July 2023, the country with the highest price was Belgium ($276 per unit), while the average price for exports to France ($229 per unit) was amongst the lowest.

From September 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+2.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Household or Laundry-Type Washing Machine in Luxembourg

In 2022, supplies from abroad of household or laundry-type washing machines decreased by -0.8% to 45K units for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 254% against the previous year. Over the period under review, imports hit record highs at 46K units in 2021, and then shrank modestly in the following year.

In value terms, household or laundry-type washing machine imports declined to $10M in 2022. The total import value increased at an average annual rate of +3.1% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 13% against the previous year. Imports peaked at $12M in 2021, and then shrank in the following year.

Top Suppliers of Household or Laundry-Type Washing Machine to Luxembourg in 2022:

1. Italy (undefinedK units)
2. Poland (undefinedK units)
3. Germany (18.6K units)
4. Belgium (13.9K units)
5. Netherlands (6.3K units)
6. France (6.3K units)

Exports of Household or Laundry-Type Washing Machine in Luxembourg

In 2022, overseas shipments of household or laundry-type washing machines were finally on the rise to reach 14K units for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, showed a abrupt descent. Over the period under review, the exports attained the peak figure at 17K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, household or laundry-type washing machine exports soared to $3.1M in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. Over the period under review, the exports hit record highs at $3.2M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Top Export Markets for Household or Laundry-Type Washing Machine from Luxembourg in 2022:

1. Belgium (5.0K units)
2. Germany (4.8K units)
3. France (3.8K units)

Source: IndexBox Market Intelligence Platform