Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Luxembourg - 2023
Contents:
- Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Luxembourg (CIF) - 2022
- Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Luxembourg (FOB) - 2022
- Imports of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Luxembourg
- Exports of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Luxembourg
Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Luxembourg (CIF) - 2022
The average import price for furnaces and ovens; industrial or laboratory induction or dielectrics stood at $532 per unit in 2022, declining by -39.9% against the previous year. Overall, the import price recorded a abrupt decrease. The pace of growth appeared the most rapid in 2015 when the average import price increased by 349%. As a result, import price attained the peak level of $8,625 per unit. From 2016 to 2022, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($1,529 per unit), while the price for Germany ($436 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+18.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Luxembourg (FOB) - 2022
In 2022, the average export price for furnaces and ovens; industrial or laboratory induction or dielectrics amounted to $7,713 per unit, reducing by -46.6% against the previous year. Overall, the export price recorded a slight descent. The growth pace was the most rapid in 2020 when the average export price increased by 92%. Over the period under review, the average export prices attained the peak figure at $164,742 per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($5,409 per unit), while the average price for exports to the UK ($972 per unit) was amongst the lowest.
From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+10.4%), while the prices for the other major destinations experienced a decline.
Imports of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Luxembourg
In 2022, approx. 99 units of furnaces and ovens; industrial or laboratory induction or dielectrics were imported into Luxembourg; increasing by 98% against the previous year. Over the period under review, imports, however, faced a deep reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 108%. Over the period under review, imports of attained the peak figure at 151 units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, imports of furnaces and ovens; industrial or laboratory induction or dielectrics surged to $53K in 2022. Overall, imports, however, continue to indicate a significant contraction. The pace of growth appeared the most rapid in 2021 with an increase of 65% against the previous year. Over the period under review, imports of attained the maximum at $142K in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 83.4 | 5.6 | 28.8 | 35.8 | -24.6% |
| India | 9.8 | 2.4 | 11.9 | 6.1 | -14.6% |
| Belgium | 12.0 | N/A | 0.9 | 6.1 | -20.2% |
| France | 1.9 | 9.7 | 1.5 | 4.1 | 29.2% |
| Austria | 4.0 | 8.1 | N/A | N/A | 102.5% |
| Others | 30.5 | 1.1 | 1.1 | 0.6 | -73.0% |
| Total | 142 | 26.8 | 44.2 | 52.7 | -28.1% |
Top Suppliers of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric to Luxembourg in 2022:
- Germany (82.0 units)
- Belgium (9.0 units)
- India (4.0 units)
- France (3.0 units)
Exports of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Luxembourg
In 2022, overseas shipments of furnaces and ovens; industrial or laboratory induction or dielectrics decreased by 0% to 3 units, falling for the second consecutive year after two years of growth. Over the period under review, exports saw a sharp decline. The most prominent rate of growth was recorded in 2020 with an increase of 90% against the previous year. As a result, the exports reached the peak of 38 units. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of furnaces and ovens; industrial or laboratory induction or dielectrics fell remarkably to $8.6K in 2022. In general, exports showed a dramatic decrease. The pace of growth appeared the most rapid in 2020 with an increase of 20%. As a result, the exports attained the peak of $339K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 8.4 | N/A | N/A | 5.4 | -13.7% |
| India | 14.8 | N/A | N/A | 2.2 | -47.0% |
| United Kingdom | N/A | N/A | N/A | 1.0 | 0% |
| Germany | 244 | 334 | 0.6 | N/A | -95.0% |
| France | 2.7 | N/A | N/A | N/A | 0% |
| Australia | N/A | N/A | 50.7 | N/A | 0% |
| Turkey | 13.4 | 4.8 | 7.7 | N/A | -24.2% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 283 | 339 | 59.0 | 8.6 | -68.8% |
Top Export Markets for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric from Luxembourg in 2022:
- Belgium (1.0 units)
- United Kingdom (1.0 units)
- India (1.0 units)
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