Luxembourg: Market for Footwear with Uppers of Textile Materials 2024

Market Size for Footwear with Uppers of Textile Materials in Luxembourg

The Luxembourg market for footwear with uppers of textile materials shrank significantly to $X in 2022, falling by X% 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). Over the period under review, the total consumption indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2018 indices. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Exports of Footwear with Uppers of Textile Materials

Exports from Luxembourg

For the fourth year in a row, Luxembourg recorded growth in overseas shipments of footwear with uppers of textile materials, which increased by X% to X pairs in 2022. Overall, exports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2021 with an increase of X%. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, exports of footwear with uppers of textile materials surged to $X in 2022. Over the period under review, exports saw strong growth. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

Germany (X pairs) was the main destination for exports of footwear with uppers of textile materials from Luxembourg, accounting for a X% share of total exports. Moreover, exports of footwear with uppers of textile materials to Germany exceeded the volume sent to the second major destination, Belgium (X pairs), threefold. France (X pairs) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (X% per year) and France (X% per year).

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

From 2012 to 2022, the average annual growth rate of value to Germany stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (X% per year) and Belgium (X% per year).

Export Prices by Country

In 2022, the average export price for footwear with uppers of textile materials amounted to $X per pair, rising by X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. The export price peaked at $X per pair in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per pair), while the average price for exports to France ($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 France (X%), while the prices for the other major destinations experienced a decline.

Imports of Footwear with Uppers of Textile Materials

Imports into Luxembourg

Imports of footwear with uppers of textile materials into Luxembourg shrank sharply to X pairs in 2022, dropping by X% on 2021 figures. Over the period under review, total imports indicated a measured expansion from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports reached the peak of X pairs, and then dropped remarkably in the following year.

In value terms, imports of footwear with uppers of textile materials reduced to $X in 2022. In general, imports, however, showed a buoyant expansion. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports of attained the peak figure at $X in 2021, and then fell slightly in the following year.

Imports by Country

Belgium (X pairs), France (X pairs) and Germany (X pairs) were the main suppliers of imports of footwear with uppers of textile materials to Luxembourg, together comprising X% of total imports. The Netherlands, Vietnam, Spain, Italy and China lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

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

In terms of the main suppliers, Vietnam, with a CAGR of X%, 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, increasing by X% against the previous year. Overall, import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of X% 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 X% against 2020 indices. The pace of growth appeared the most rapid in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per pair in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :