EU: Travel Set Market 2024

Travel Set Market Size in the EU

In 2021, the EU travel set market decreased by -5.4% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, consumption, however, saw a prominent expansion. Over the period under review, the market reached the maximum level at $X in 2020, and then contracted in the following year.

Travel Set Production in the EU

In value terms, travel set production contracted remarkably to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a prominent expansion. The growth pace was the most rapid in 2019 when the production volume increased by 226%. Over the period under review, production hit record highs at $X in 2020, and then declined remarkably in the following year.

Travel Set Exports

Exports in the EU

In 2021, the amount of travel sets exported in the European Union expanded rapidly to X units, growing by 5.3% compared with 2020 figures. Overall, exports, however, recorded a perceptible setback. The pace of growth was the most pronounced in 2014 when exports increased by 18% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, travel set exports surged to $X in 2021. Over the period under review, exports continue to indicate a modest increase. The pace of growth was the most pronounced in 2013 with an increase of 25% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Poland (X units), Germany (X units), Spain (X units) and the Netherlands (X units) represented roughly 67% of total exports in 2021. It was distantly followed by Italy (X units), the Czech Republic (X units) and Belgium (X units), together making up a 19% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +17.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Poland ($X) and the Netherlands ($X) constituted the countries with the highest levels of exports in 2021, together accounting for 46% of total exports.

Poland, with a CAGR of +15.9%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per unit in 2021, with an increase of 10% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.5%. The growth pace was the most rapid in 2013 when the export price increased by 41% against the previous year. Over the period under review, the export prices attained the peak figure in 2021 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Belgium ($X per unit), while Poland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+22.5%), while the other leaders experienced more modest paces of growth.

Travel Set Imports

Imports in the EU

In 2021, travel set imports in the European Union expanded remarkably to X units, with an increase of 12% against the previous year's figure. In general, imports, however, showed a pronounced decline. The volume of import peaked at X units in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, travel set imports soared to $X in 2021. Overall, imports, however, continue to indicate a slight shrinkage. Over the period under review, imports attained the maximum at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

The countries with the highest levels of travel set imports in 2021 were Germany (X units), France (X units), the Netherlands (X units), Italy (X units), Belgium (X units), Spain (X units) and Poland (X units), together accounting for 80% of total import. Greece (X units), Austria (X units), Hungary (X units), the Czech Republic (X units) and Romania (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Hungary (with a CAGR of +17.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and the Netherlands ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 48% share of total imports. Italy, Spain, Belgium, Poland, Austria, the Czech Republic, Greece, Hungary and Romania lagged somewhat behind, together accounting for a further 42%.

Hungary, with a CAGR of +15.3%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per unit in 2021, growing by 9.5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.3%. The pace of growth appeared the most rapid in 2013 an increase of 13% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Austria ($X per unit), while Greece ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+8.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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