Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Luxembourg - 2023
Contents:
- Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Luxembourg (CIF) - 2023
- Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Luxembourg (FOB) - 2022
- Imports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Luxembourg
- Exports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Luxembourg
Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Luxembourg (CIF) - 2023
The average import price for machines and mechanical appliances; parts, of those having individual functionses stood at $25,640 per ton in December 2023, shrinking by -39.2% against the previous month. In general, the import price continues to indicate a pronounced downturn. The growth pace was the most rapid in September 2023 when the average import price increased by 102% m-o-m. The import price peaked at $57,201 per ton in May 2023; however, from June 2023 to December 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was the Czech Republic ($870K per ton), while the price for Germany ($4,626 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by the Czech Republic (+44.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Luxembourg (FOB) - 2022
The average export price for machines and mechanical appliances; parts, of those having individual functionses stood at $66,017 per ton in 2022, increasing by 11% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 54%. The export price peaked at $72,674 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($90,779 per ton), while the average price for exports to the Netherlands ($13,182 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+1.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Luxembourg
In 2022, overseas purchases of machines and mechanical appliances; parts, of those having individual functionses were finally on the rise to reach 1K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, recorded a sharp shrinkage.
In value terms, imports of machines and mechanical appliances; parts, of those having individual functionses soared to $37M in 2022. In general, total imports indicated a temperate expansion from 2019 to 2022: its value increased at an average annual rate of +4.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Luxembourg (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1.1 | 1.7 | 6.4 | 16.9 | 148.6% |
| Germany | 3.6 | 3.8 | 5.1 | 5.0 | 11.6% |
| Japan | 2.4 | 2.1 | 1.9 | 3.2 | 10.1% |
| Belgium | 1.5 | 0.8 | 1.2 | 3.0 | 26.0% |
| Italy | 4.7 | 3.3 | 3.5 | 2.2 | -22.4% |
| China | 2.7 | 2.1 | 1.5 | 1.6 | -16.0% |
| France | 1.2 | 0.6 | 0.7 | 1.2 | 0.0% |
| Austria | 1.3 | 2.1 | 2.2 | 1.1 | -5.4% |
| Netherlands | 0.9 | 0.4 | 0.7 | 0.5 | -17.8% |
| Switzerland | 6.1 | 1.8 | 0.2 | 0.1 | -74.6% |
| Poland | 6.7 | 6.4 | N/A | N/A | -4.5% |
| Others | 0.8 | 1.1 | 1.7 | 2.2 | 40.1% |
| Total | 32.9 | 26.1 | 25.1 | 37.1 | 4.1% |
Top Suppliers of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions to Luxembourg in 2022:
- Germany (301.7 tons)
- China (176.9 tons)
- Italy (129.0 tons)
- United States (124.6 tons)
- Belgium (88.4 tons)
- France (82.3 tons)
- Japan (41.2 tons)
- Netherlands (15.1 tons)
- Austria (13.4 tons)
- Poland (1.4 tons)
- Switzerland (1.1 tons)
Exports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Luxembourg
After two years of decline, shipments abroad of machines and mechanical appliances; parts, of those having individual functionses increased by 2.1% to 422 tons in 2022. Overall, exports, however, continue to indicate a significant decline.
In value terms, exports of machines and mechanical appliances; parts, of those having individual functionses rose sharply to $28M in 2022. Over the period under review, exports, however, saw a deep setback.
| Export of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Luxembourg (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 9.5 | 8.0 | 10.1 | 17.8 | 23.3% |
| France | 6.6 | 5.3 | 6.9 | 3.7 | -17.5% |
| Belgium | 1.0 | 1.2 | 1.1 | 0.6 | -15.7% |
| Spain | 0.8 | 0.4 | 0.3 | 0.5 | -14.5% |
| United Kingdom | 4.1 | 2.2 | 0.4 | 0.4 | -54.0% |
| Italy | 1.0 | 1.4 | 0.3 | 0.3 | -33.1% |
| Czech Republic | 0.2 | 0.2 | 0.3 | 0.3 | 14.5% |
| Poland | 0.9 | 0.9 | 0.3 | 0.3 | -30.7% |
| United States | 8.7 | 7.3 | 0.2 | 0.2 | -71.6% |
| Netherlands | 0.5 | 0.6 | 0.2 | 0.2 | -26.3% |
| Switzerland | 1.2 | 1.4 | 1.8 | 0.1 | -56.3% |
| Others | 3.9 | 3.4 | 2.6 | 3.4 | -4.5% |
| Total | 38.3 | 32.4 | 24.5 | 27.9 | -10.0% |
Top Export Markets for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions from Luxembourg in 2022:
- Germany (196.5 tons)
- France (64.3 tons)
- Belgium (24.5 tons)
- Netherlands (17.6 tons)
- United Kingdom (16.7 tons)
- United States (14.4 tons)
- Czech Republic (13.1 tons)
- Spain (8.1 tons)
- Italy (5.9 tons)
- Poland (3.9 tons)
- Switzerland (1.3 tons)
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