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The 2009 Import and Export Market for Iron and Non-Alloy Steel Wire in Luxembourg
ICON Group International, August 2009, Pages: 49
On the demand side, exporters and strategic planners focusing on iron and non-alloy steel wire in Luxembourg face a number of questions. Which countries are supplying iron and non-alloy steel wire to Luxembourg? How important is Luxembourg compared to others in terms of the entire global and regional market? How much do the imports of iron and non-alloy steel wire vary from one country of origin to another in Luxembourg? On the supply side, Luxembourg also exports iron and non-alloy steel wire. Which countries receive the most exports from Luxembourg? How are these exports concentrated across buyers? What is the value of these exports and which countries are the largest buyers?
This report was created for strategic planners, international marketing executives and import/export managers who are concerned with the market for iron and non-alloy steel wire in Luxembourg. With the globalization of this market, managers can no longer be contented with a local view. Nor can managers be contented with out-of-date statistics which appear several years after the fact. I have developed a methodology, based on macroeconomic and trade models, to estimate the market for iron and non-alloy steel wire for those countries serving Luxembourg via exports, or supplying from Luxembourg via imports. It does so for the current year based on a variety of key historical indicators and econometric models.
In what follows, Chapter 2 begins by summarizing where Luxembourg fits into the world market for imported and exported iron and non-alloy steel wire. The total level of imports and exports on a worldwide basis, and those for Luxembourg in particular, is estimated using a model which aggregates across over 150 key country markets and projects these to the current year. From there, each country represents a percent of the world market. This market is served from a number of competitive countries of origin. Based on both demand- and supply-side dynamics, market shares by country of origin are then calculated across each country market destination. These shares lead to a volume of import and export values for each country and are aggregated to regional and world totals. In doing so, we are able to obtain maximum likelihood estimates of both the value of each market and the share that Luxembourg is likely to receive this year. From these figures, rankings are calculated to allow managers to prioritize Luxembourg compared to other major country markets. In this way, all the figures provided in this report are forecasts that can be combined with internal information sources for strategic planning purposes.
After the worldwide summary in Chapter 2 of both imports and exports of iron and non-alloy steel wire, Chapter 3 goes into detail on imports, but for each major country of origin serving Luxembourg. A “major” market is defined as a country where Luxembourg represents a substantially large share of either imports or exports. For each major country exporting to Luxembourg, one can thus observe how important Luxembourg is to that exporting country compared to other countries of the world. Chapter 4 does the same, but for exports of iron and non-alloy steel wire originating from Luxembourg, for each major country of destination. In doing so, one can discover the share that Luxembourg has in each major market; this share value is often used as a measure of competitiveness for Luxembourg. In all cases, the total dollar volume and percentage share values by major trading partner are provided. Combined, Chapters 3 and 4 present a the total picture for imports and exports of iron and non-alloy steel wire to and from Luxembourg to and from all other major countries in the world. "Iron and Non-Alloy Steel Wire" as a category is defined in this report following the definition given by the United Nations Statistics Division Classification Registry using the Standard International Trade Classification, Revision 3 (SITC, Rev. 3). The SITC code that defined "iron and non-alloy steel wire" is 6781 .
1 INTRODUCTION AND METHODOLOGY
2 LUXEMBOURG AND THE WORLD MARKET
2.1 Imports in Luxembourg in 2009
2.2 Exports from Luxembourg in 2009
3 IMPORTS IN LUXEMBOURG
3.1.6 the Netherlands
3.2 the Middle East
4 EXPORTS FROM LUXEMBOURG
4.2.3 Czech Republic
4.2.23 the Netherlands
4.2.24 the United Kingdom
4.3 Latin America
4.4 North America & the Caribbean
4.4.2 the United States
4.5 the Middle East
5 DISCLAIMERS, WARRANTEES, AND USER AGREEMENT PROVISIONS
5.1 Disclaimers & Safe Harbor
5.2 ICON Group Ltd. User Agreement Provisions