Luxembourg: Market for Diols And Polyhydric Alcohols (Excluding Ethylene Glycol And Propylene Glycol, D-Glucitol) 2024

Market Size for Diols And Polyhydric Alcohols (Excluding Ethylene Glycol And Propylene Glycol, D-Glucitol) in Luxembourg

In 2023, after two years of growth, there was significant decline in the Luxembourg diols and polyhydric alcohols market, when its value decreased by X% to $X. Over the period under review, consumption, however, showed a deep contraction. Diols and polyhydric alcohols consumption peaked at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

Production of Diols And Polyhydric Alcohols (Excluding Ethylene Glycol And Propylene Glycol, D-Glucitol) in Luxembourg

In value terms, diols and polyhydric alcohols production skyrocketed to $X in 2023 estimated in export price. In general, production saw significant growth. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. Over the period under review, production reached the maximum level in 2023 and is expected to retain growth in years to come.

Exports of Diols And Polyhydric Alcohols (Excluding Ethylene Glycol And Propylene Glycol, D-Glucitol)

Exports from Luxembourg

In 2023, approx. X tons of diols and polyhydric alcohols (excluding ethylene glycol and propylene glycol, d-glucitol) were exported from Luxembourg; falling by X% against 2022 figures. Overall, exports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The exports peaked at X tons in 2017; however, from 2018 to 2023, the exports stood at a somewhat lower figure.

In value terms, diols and polyhydric alcohols exports surged to $X in 2023. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports hit record highs in 2023 and are expected to retain growth in the near future.

Exports by Country

Belgium (X tons), Germany (X tons) and Poland (X tons) were the main destinations of diols and polyhydric alcohols exports from Luxembourg, together accounting for X% of total exports.

From 2012 to 2023, the biggest increases were recorded for Belgium (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X) emerged as the key foreign market for diols and polyhydric alcohols (excluding ethylene glycol and propylene glycol, d-glucitol) exports from Luxembourg, comprising X% of total exports. The second position in the ranking was held by Poland ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Belgium totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (X% per year) and Germany (X% per year).

Export Prices by Country

The average diols and polyhydric alcohols export price stood at $X per ton in 2023, picking up by X% against the previous year. Overall, the export price saw a significant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Diols And Polyhydric Alcohols (Excluding Ethylene Glycol And Propylene Glycol, D-Glucitol)

Imports into Luxembourg

In 2023, diols and polyhydric alcohols imports into Luxembourg contracted remarkably to X tons, dropping by X% compared with the year before. Overall, imports faced a deep setback. The most prominent rate of growth was recorded in 2022 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, diols and polyhydric alcohols imports declined sharply to $X in 2023. In general, imports showed a deep slump. The pace of growth was the most pronounced in 2022 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, Belgium (X tons) constituted the largest diols and polyhydric alcohols supplier to Luxembourg, accounting for a X% share of total imports. Moreover, diols and polyhydric alcohols imports from Belgium exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold.

From 2012 to 2023, the average annual growth rate of volume from Belgium stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and the Netherlands (X% per year).

In value terms, Belgium ($X), Germany ($X) and the Netherlands ($X) were the largest diols and polyhydric alcohols suppliers to Luxembourg, together comprising X% of total imports.

In terms of the main suppliers, Germany, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2023, the average diols and polyhydric alcohols import price amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by X%. The import price peaked at $X per ton in 2022, and then declined rapidly in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform