Luxembourg: Man-Made Filament Yarn Market 2024

Man-Made Filament Yarn Market Size in Luxembourg

The Luxembourg man-made filament yarn market was finally on the rise to reach $X in 2022, after three years of decline. Over the period under review, consumption, however, showed a perceptible slump. Man-made filament yarn consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Man-Made Filament Yarn Production in Luxembourg

In value terms, man-made filament yarn production rose to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a drastic downturn. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Man-Made Filament Yarn Exports

Exports from Luxembourg

In 2022, the amount of man-made filament yarn exported from Luxembourg skyrocketed to X tons, with an increase of X% compared with the year before. Overall, exports, however, recorded a abrupt descent. The pace of growth was the most pronounced in 2019 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, man-made filament yarn exports dropped to $X in 2022. Over the period under review, exports, however, faced a significant curtailment. The growth pace was the most rapid in 2020 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Spain (X tons) was the main destination for man-made filament yarn exports from Luxembourg, accounting for a X% share of total exports. Moreover, man-made filament yarn exports to Spain exceeded the volume sent to the second major destination, Italy (X tons), threefold.

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

In value terms, Spain ($X) remains the key foreign market for man-made filament yarn exports from Luxembourg, comprising X% of total exports. The second position in the ranking was held by Italy ($X), with a X% share of total exports.

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

Export Prices by Country

The average man-made filament yarn export price stood at $X per ton in 2022, declining by X% against the previous year. In general, the export price continues to indicate a abrupt decline. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Italy ($X per ton) 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 mixed trend patterns.

Man-Made Filament Yarn Imports

Imports into Luxembourg

Man-made filament yarn imports into Luxembourg reached X tons in 2022, surging by X% against the previous year's figure. Over the period under review, imports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, man-made filament yarn imports surged to $X in 2022. Overall, imports posted a buoyant increase. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

Germany (X tons), Belgium (X tons) and the Netherlands (X tons) were the main suppliers of man-made filament yarn imports to Luxembourg, together accounting for X% of total imports.

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

In value terms, Belgium ($X) constituted the largest supplier of man-made filament yarn to Luxembourg, comprising X% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Belgium totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Germany (X% per year).

Import Prices by Country

In 2022, the average man-made filament yarn import price amounted to $X per ton, increasing by X% against the previous year. Overall, the import price, however, continues to indicate a perceptible descent. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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