Key Market Indicators
Luxembourg's electrical equipment export market is projected to see a decline, with figures expected to drop to $708 million by 2028 from $766 million in 2023. This marks an average annual decrease of 1.2%. Historical data shows that since 2004, the country's supply in this sector has been decreasing at an average rate of 2.7% per year. Conversely, the import market for electrical equipment in Luxembourg is on an upward trend. Imports are anticipated to rise to $1.5 billion by 2028, up from $1.46 billion in 2023, reflecting an average annual growth rate of 0.4%. Despite this recent growth, the overall demand for electrical equipment imports has experienced a slight decline, averaging a 0.3% decrease per year since 2004.
