Luxembourg: Market for Footwear with Uppers of Textile Materials 2023

Market Size for Footwear with Uppers of Textile Materials in Luxembourg

The Luxembourg market for footwear with uppers of textile materials shrank modestly to $X in 2022, falling by -3.4% 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, the total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +5.3% against 2020 indices. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Exports of Footwear with Uppers of Textile Materials

Exports from Luxembourg

In 2022, shipments abroad of footwear with uppers of textile materials decreased by -19% to X pairs for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2021 when exports increased by 344% against the previous year. As a result, the exports attained the peak of X pairs, and then dropped markedly in the following year.

In value terms, exports of footwear with uppers of textile materials skyrocketed to $X in 2022. Over the period under review, exports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of 197%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Germany (X pairs), Belgium (X pairs) and France (X pairs) were the main destinations of exports of footwear with uppers of textile materials from Luxembourg, with a combined 76% share of total exports. The Netherlands, Denmark, Italy and Austria lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +32.8%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for footwear with uppers of textile materials exports from Luxembourg, comprising 57% of total exports. The second position in the ranking was taken by Austria ($X), with an 11% share of total exports. It was followed by Belgium, with a 7.6% share.

From 2012 to 2022, the average annual growth rate of value to Germany totaled +29.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+40.7% per year) and Belgium (+16.2% per year).

Export Prices by Country

In 2022, the average export price for footwear with uppers of textile materials amounted to $X per pair, growing by 47% against the previous year. Over the period under review, the export price continues to indicate a notable increase. The pace of growth appeared the most rapid in 2018 an increase of 133% against the previous year. The export price peaked at $X per pair in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($X per pair), while the average price for exports to France ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+7.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Footwear with Uppers of Textile Materials

Imports into Luxembourg

In 2022, the amount of footwear with uppers of textile materials imported into Luxembourg dropped to X pairs, falling by -12.6% on the year before. In general, total imports indicated a measured increase from 2012 to 2022: its volume increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 77% against the previous year. As a result, imports attained the peak of X pairs, and then declined in the following year.

In value terms, imports of footwear with uppers of textile materials contracted slightly to $X in 2022. Overall, imports, however, enjoyed a strong increase. The growth pace was the most rapid in 2018 with an increase of 44%. Over the period under review, imports of hit record highs at $X in 2021, and then shrank slightly in the following year.

Imports by Country

In 2022, China (X pairs) constituted the largest supplier of footwear with uppers of textile materials to Luxembourg, accounting for a 54% share of total imports. Moreover, imports of footwear with uppers of textile materials from China exceeded the figures recorded by the second-largest supplier, Vietnam (X pairs), fourfold. The third position in this ranking was taken by Belgium (X pairs), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+29.8% per year) and Belgium (-2.7% per year).

In value terms, the largest footwear with uppers of textile materials suppliers to Luxembourg were Vietnam ($X), China ($X) and Italy ($X), with a combined 70% share of total imports.

Among the main suppliers, Vietnam, with a CAGR of +34.8%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for footwear with uppers of textile materials amounted to $X per pair, with an increase of 9.1% against the previous year. Over the period under review, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for footwear with uppers of textile materials decreased by -13.9% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by 40% against the previous year. Over the period under review, average import prices reached the peak figure at $X per pair in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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 Italy ($X per pair), while the price for China ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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