Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Luxembourg - 2023
Contents:
- Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Luxembourg (CIF) - 2023
- Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Luxembourg (FOB) - 2022
- Imports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Luxembourg
- Exports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Luxembourg
Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Luxembourg (CIF) - 2023
In December 2023, the average import price for vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs amounted to $145K per unit, approximately mirroring the previous month. Over the period under review, import price indicated a pronounced increase from December 2022 to December 2023: its price increased at an average monthly rate of +2.5% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, import price for vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs decreased by -32.0% against August 2023 indices. The most prominent rate of growth was recorded in July 2023 when the average import price increased by 43% against the previous month. Over the period under review, average import prices reached the maximum at $213K per unit in August 2023; however, from September 2023 to December 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was the UK ($307K per unit), while the price for Belgium ($117K per unit) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Italy (+32.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Luxembourg (FOB) - 2022
In 2022, the average export price for vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs amounted to $116,364 per unit, which is down by -3.7% against the previous year. Overall, the export price, however, continues to indicate significant growth. The pace of growth was the most pronounced in 2013 an increase of 434% against the previous year. The export price peaked at $120,780 per unit in 2021, and then reduced in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Czech Republic ($286,397 per unit), while the average price for exports to Italy ($71,666 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 Czech Republic (+20.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Luxembourg
In 2022, approx. 2.2K units of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs were imported into Luxembourg; increasing by 11% against 2021. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 18%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs stood at $280M in 2022. The total import value increased at an average annual rate of +4.3% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 26% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to continue growth in years to come.
| Import of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Luxembourg (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 107 | 99.3 | 142 | 137 | 8.6% |
| Belgium | 58.6 | 61.4 | 55.8 | 64.7 | 3.4% |
| France | 14.4 | 23.9 | 42.9 | 40.8 | 41.5% |
| Italy | 18.3 | 12.2 | 16.3 | 17.7 | -1.1% |
| United Kingdom | 22.3 | 8.2 | 2.6 | 3.5 | -46.1% |
| Netherlands | 3.7 | 5.7 | 6.2 | 3.4 | -2.8% |
| United States | 5.9 | 0.6 | 0.3 | 0.2 | -67.6% |
| Others | 16.1 | 9.3 | 12.2 | 12.4 | -8.3% |
| Total | 246 | 221 | 279 | 280 | 4.4% |
Top Suppliers of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc to Luxembourg in 2022:
- Germany (1282.0 units)
- Belgium (505.0 units)
- France (243.0 units)
- Italy (83.0 units)
- Netherlands (25.0 units)
- United Kingdom (19.0 units)
- United States (4.0 units)
Exports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Luxembourg
In 2022, the amount of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs exported from Luxembourg skyrocketed to 1K units, picking up by 17% compared with the previous year's figure. In general, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +15.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +54.8% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs expanded rapidly to $118M in 2022. Overall, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 56%. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in years to come.
| Export of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Luxembourg (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 20.2 | 19.4 | 36.7 | 35.9 | 21.1% |
| France | 11.1 | 15.4 | 17.8 | 22.8 | 27.1% |
| Belgium | 12.0 | 11.8 | 17.4 | 15.4 | 8.7% |
| Netherlands | 1.9 | 3.5 | 6.0 | 11.8 | 83.8% |
| United Arab Emirates | 0.2 | 3.9 | 2.4 | 9.7 | 264.7% |
| Czech Republic | 0.1 | 0.5 | 5.5 | 6.3 | 297.9% |
| Bulgaria | 1.7 | 1.0 | 0.5 | 4.8 | 41.3% |
| Italy | 0.9 | 0.6 | 3.3 | 0.9 | 0.0% |
| Others | 7.1 | 10.9 | 15.0 | 10.7 | 14.7% |
| Total | 55.2 | 67.1 | 105 | 118 | 28.8% |
Top Export Markets for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc from Luxembourg in 2022:
- France (284.0 units)
- Germany (278.0 units)
- Belgium (166.0 units)
- Netherlands (126.0 units)
- Bulgaria (37.0 units)
- United Arab Emirates (36.0 units)
- Czech Republic (22.0 units)
- Italy (13.0 units)
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