Luxembourg: Waferboard Market 2024

Waferboard Market Size in Luxembourg

The Luxembourg waferboard market soared to $X in 2021, with an increase of 68% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a perceptible increase. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Waferboard Exports

Exports from Luxembourg

In 2021, approx. X cubic meters of waferboards were exported from Luxembourg; declining by -80.6% on the previous year's figure. Over the period under review, exports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 5,071%. The exports peaked at X cubic meters in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, waferboard exports reduced dramatically to $X in 2021. Overall, exports, however, posted strong growth. The pace of growth was the most pronounced in 2016 when exports increased by 4,936% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

France (X cubic meters) was the main destination for waferboard exports from Luxembourg, accounting for a 65% share of total exports. Moreover, waferboard exports to France exceeded the volume sent to the second major destination, Belgium (X cubic meters), threefold.

From 2012 to 2021, the average annual growth rate of volume to France stood at +24.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+7.9% per year) and Germany (+4.4% per year).

In value terms, France ($X) emerged as the key foreign market for waferboards exports from Luxembourg, comprising 65% of total exports. The second position in the ranking was held by Belgium ($X), with a 24% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to France stood at +19.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+7.5% per year) and Germany (-0.7% per year).

Export Prices by Country

In 2021, the average waferboard export price amounted to $X per cubic meter, declining by -31.7% against the previous year. Over the period under review, the export price recorded a pronounced contraction. The pace of growth appeared the most rapid in 2019 an increase of 39% against the previous year. Over the period under review, the average export prices hit record highs at $X per cubic meter in 2020, and then reduced rapidly in the following year.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Belgium ($X per cubic meter), while the average price for exports to Germany ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Greece (+7.8%), while the prices for the other major destinations experienced a decline.

Waferboard Imports

Imports into Luxembourg

In 2021, waferboard imports into Luxembourg soared to X cubic meters, growing by 28% on the previous year's figure. The total import volume increased at an average annual rate of +3.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when imports increased by 48%. Imports peaked at X cubic meters in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, waferboard imports surged to $X in 2021. The total import value increased at an average annual rate of +2.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 with an increase of 69% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Germany (X cubic meters) constituted the largest waferboard supplier to Luxembourg, accounting for a 68% share of total imports. Moreover, waferboard imports from Germany exceeded the figures recorded by the second-largest supplier, France (X cubic meters), sixfold.

From 2012 to 2021, the average annual growth rate of volume from Germany totaled +5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+5.8% per year) and Belgium (+3.1% per year).

In value terms, Germany ($X) constituted the largest supplier of waferboards to Luxembourg, comprising 64% of total imports. The second position in the ranking was taken by Belgium ($X), with a 13% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at +2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+3.4% per year) and France (+4.9% per year).

Import Prices by Country

The average waferboard import price stood at $X per cubic meter in 2021, approximately reflecting the previous year. Overall, the import price, however, showed a slight reduction. The pace of growth was the most pronounced in 2016 when the average import price increased by 14%. Over the period under review, average import prices reached the maximum at $X per cubic meter in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Belgium ($X per cubic meter), while the price for Germany ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform