Pumps; Parts Thereof Price in Luxembourg - 2023
Contents:
- Pumps; Parts Thereof Price in Luxembourg (FOB) - 2023
- Pumps; Parts Thereof Price in Luxembourg (CIF) - 2022
- Pumps; Parts Thereof Exports in Luxembourg
- Pumps; Parts Thereof Imports in Luxembourg
Pumps; Parts Thereof Price in Luxembourg (FOB) - 2023
In June 2023, the average pumps; parts thereof export price amounted to $14,375 per ton, growing by 47% against the previous month. Over the period under review, the export price saw a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In June 2023, the country with the highest price was Algeria ($33,247 per ton), while the average price for exports to Poland ($5,074 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.
Pumps; Parts Thereof Price in Luxembourg (CIF) - 2022
The average pumps; parts thereof import price stood at $9,977 per ton in 2022, waning by -5.3% against the previous year. Overall, the import price recorded a mild reduction. The most prominent rate of growth was recorded in 2019 an increase of 23% against the previous year. The import price peaked at $11,525 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($30,372 per ton), while the price for Croatia ($4,124 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Pumps; Parts Thereof Exports in Luxembourg
After three years of growth, overseas shipments of pumps; parts thereoves decreased by -15.2% to 1.3K tons in 2022. The total export volume increased at an average annual rate of +1.9% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 21% against the previous year. As a result, the exports attained the peak of 1.6K tons, and then fell notably in the following year.
In value terms, pumps; parts thereof exports contracted to $15M in 2022. In general, exports continue to indicate a mild downturn. The pace of growth appeared the most rapid in 2021 with an increase of 10% against the previous year. As a result, the exports attained the peak of $18M, and then contracted in the following year.
| Export of Pumps; Parts Thereof in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 2,515 | 2,324 | 2,939 | 3,169 | 8.0% |
| United States | 2,856 | 3,381 | 3,237 | 1,932 | -12.2% |
| United Kingdom | 391 | 383 | 562 | 1,064 | 39.6% |
| Spain | 676 | 765 | 883 | 842 | 7.6% |
| Brazil | 450 | 495 | 591 | 721 | 17.0% |
| Italy | 728 | 582 | 624 | 653 | -3.6% |
| France | 491 | 445 | 480 | 545 | 3.5% |
| Australia | 223 | 238 | 239 | 469 | 28.1% |
| Netherlands | 324 | 292 | 298 | 364 | 4.0% |
| Norway | 337 | 323 | 354 | 292 | -4.7% |
| Egypt | 235 | 105 | 558 | 284 | 6.5% |
| Poland | 474 | 495 | 560 | 253 | -18.9% |
| Turkey | 139 | 116 | 109 | 210 | 14.7% |
| Others | 6,174 | 5,988 | 6,125 | 4,558 | -9.6% |
| Total | 16,013 | 15,932 | 17,557 | 15,356 | -1.4% |
Top Export Markets for Pumps; Parts Thereof from Luxembourg in 2022:
- Germany (194.3 tons)
- United States (151.1 tons)
- Spain (106.5 tons)
- United Kingdom (87.5 tons)
- Brazil (82.6 tons)
- Italy (75.1 tons)
- Australia (55.3 tons)
- France (46.7 tons)
- Netherlands (45.1 tons)
- Egypt (29.9 tons)
- Poland (29.8 tons)
- Turkey (28.1 tons)
- Norway (27.0 tons)
Pumps; Parts Thereof Imports in Luxembourg
In 2022, the amount of pumps; parts thereoves imported into Luxembourg expanded significantly to 1.5K tons, surging by 11% compared with the previous year's figure. The total import volume increased at an average annual rate of +5.5% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 11%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, pumps; parts thereof imports expanded markedly to $15M in 2022. The total import value increased at an average annual rate of +3.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 12%. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Pumps; Parts Thereof in Luxembourg (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.0 | 1.9 | 2.6 | 3.2 | 17.0% |
| Germany | 3.3 | 3.0 | 2.9 | 2.8 | -5.3% |
| Ireland | 2.1 | 2.5 | 2.6 | 2.7 | 8.7% |
| France | 1.0 | 0.8 | 0.7 | 1.1 | 3.2% |
| Belgium | 1.1 | 1.1 | 1.3 | 1.1 | 0.0% |
| Poland | 0.5 | 0.6 | 0.6 | 0.9 | 21.6% |
| Sweden | 0.8 | 0.6 | 0.8 | 0.8 | 0.0% |
| Others | 2.4 | 2.0 | 2.3 | 2.1 | -4.4% |
| Total | 13.2 | 12.4 | 13.9 | 14.6 | 3.4% |
Top Suppliers of Pumps; Parts Thereof to Luxembourg in 2022:
- China (639.5 tons)
- Ireland (207.2 tons)
- Poland (205.0 tons)
- Germany (164.7 tons)
- France (59.6 tons)
- Sweden (38.2 tons)
- Belgium (35.3 tons)
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