Luxembourg: Tufted Carpet Market 2024

Tufted Carpet Market Size in Luxembourg

In 2022, the Luxembourg tufted carpet market decreased by -2.7% to $X for the first time since 2017, thus ending a four-year rising trend. In general, the total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.3% 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 +81.1% against 2017 indices. Over the period under review, the market hit record highs at $X in 2021, and then declined in the following year.

Tufted Carpet Exports

Exports from Luxembourg

In 2022, approx. X square meters of tufted carpets and other tufted textile floor coverings were exported from Luxembourg; which is down by -44.7% against the previous year. In general, exports continue to indicate a noticeable setback. The growth pace was the most rapid in 2021 when exports increased by 588%. As a result, the exports attained the peak of X square meters, and then contracted rapidly in the following year.

In value terms, tufted carpet exports shrank sharply to $X in 2022. Over the period under review, exports saw a deep contraction. The pace of growth appeared the most rapid in 2016 when exports increased by 233% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Belgium (X square meters), France (X square meters) and Germany (X square meters) were the main destinations of tufted carpet exports from Luxembourg, with a combined 95% share of total exports. Oman and the Netherlands lagged somewhat behind, together comprising a further 4.6%.

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 +15.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for tufted carpet exported from Luxembourg were France ($X), Belgium ($X) and Germany ($X), together comprising 92% of total exports. Oman and the Netherlands lagged somewhat behind, together accounting for a further 7.5%.

Oman, with a CAGR of +14.5%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average tufted carpet export price stood at $X per square meter in 2022, shrinking by -7.4% against the previous year. In general, the export price recorded a noticeable reduction. The most prominent rate of growth was recorded in 2014 an increase of 144%. The export price peaked at $X per square meter in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Greece (+331.0%), while the prices for the other major destinations experienced more modest paces of growth.

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Tufted Carpet Imports

Imports into Luxembourg

In 2022, imports of tufted carpets and other tufted textile floor coverings into Luxembourg reduced to X square meters, declining by -12.5% compared with the previous year's figure. In general, imports, however, posted a resilient expansion. The growth pace was the most rapid in 2021 when imports increased by 69%. As a result, imports attained the peak of X square meters, and then contracted in the following year.

In value terms, tufted carpet imports dropped to $X in 2022. Overall, total imports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 26%. Imports peaked at $X in 2021, and then dropped modestly in the following year.

Imports by Country

The Netherlands (X square meters), Belgium (X square meters) and Germany (X square meters) were the main suppliers of tufted carpet imports to Luxembourg, with a combined 72% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +24.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Belgium ($X) and Germany ($X) appeared to be the largest tufted carpet suppliers to Luxembourg, together comprising 77% of total imports.

The Netherlands, with a CAGR of +19.4%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average tufted carpet import price stood at $X per square meter in 2022, rising by 10% against the previous year. In general, the import price, however, showed a deep contraction. The pace of growth was the most pronounced in 2020 an increase of 37%. Over the period under review, average import prices hit record highs at $X per square meter in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per square meter), while the price for China ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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