Key Market Indicators
Luxembourger Aerospace Import is projected to reach approximately $1.3 billion by 2028, up from around $1.2 billion in 2023. This marks a compound annual growth rate (CAGR) of 0.9%. Since 2004, Luxembourg's aerospace demand has risen by an impressive 22.8% year on year. In 2023, Luxembourg ranked 16th globally in aerospace imports, with Colombia slightly ahead at $1.2 billion. Singapore, Ireland, and Canada secured the second, third, and fourth spots in this category. In terms of exports, Luxembourger Aerospace is expected to grow modestly, reaching about $202 million by 2028 from approximately $201 million in 2023, reflecting a 0.1% CAGR. Since 2004, the country's aerospace supply has increased by 6.5% annually. In 2023, Luxembourg ranked 23rd in aerospace exports, with Denmark narrowly surpassing it at $201 million. France, Germany, and Singapore held the second, third, and fourth positions, respectively, in this ranking.
