Luxembourg: Ball Market 2024

Ball Market Size in Luxembourg

The Luxembourg ball market skyrocketed to $X in 2022, picking up by 45% against the previous year. In general, consumption saw a buoyant increase. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the near future.

Ball Production in Luxembourg

In value terms, ball production fell sharply to $X in 2022 estimated in export price. Over the period under review, production saw a deep slump. The pace of growth was the most pronounced in 2021 when the production volume increased by 89%. Ball production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Ball Exports

Exports from Luxembourg

In 2022, shipments abroad of balls increased by 247% to X units, rising for the second consecutive year after four years of decline. Overall, exports, however, faced a precipitous curtailment. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, ball exports soared to $X in 2022. In general, exports, however, showed a dramatic downturn. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

France (X units) was the main destination for ball exports from Luxembourg, with a 70% share of total exports. Moreover, ball exports to France exceeded the volume sent to the second major destination, Belgium (X units), fourfold. The third position in this ranking was held by Japan (X units), with a 3.5% share.

From 2012 to 2022, the average annual growth rate of volume to France stood at -24.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-39.8% per year) and Japan (+7.9% per year).

In value terms, France ($X) remains the key foreign market for balls exports from Luxembourg, comprising 70% of total exports. The second position in the ranking was taken by Belgium ($X), with a 17% share of total exports. It was followed by Japan, with a 3.5% share.

From 2012 to 2022, the average annual growth rate of value to France amounted to -23.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-39.1% per year) and Japan (-22.0% per year).

Export Prices by Country

The average ball export price stood at $X per unit in 2022, declining by -30.2% against the previous year. Overall, the export price, however, saw a slight increase. The growth pace was the most rapid in 2018 an increase of 59%. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Japan ($X per unit) and the UK ($X per unit), while the average price for exports to the Netherlands ($X per unit) and Belgium ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+25.1%), while the prices for the other major destinations experienced more modest paces of growth.

Ball Imports

Imports into Luxembourg

In 2022, overseas purchases of balls increased by 167% to X units, rising for the second consecutive year after three years of decline. Over the period under review, imports, however, continue to indicate a pronounced slump. Imports peaked at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, ball imports surged to $X in 2022. Overall, imports, however, showed a noticeable downturn. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of ball to Luxembourg, with a 50% share of total imports. Moreover, ball imports from China exceeded the figures recorded by the second-largest supplier, France (X units), fivefold. Belgium (X units) ranked third in terms of total imports with an 8.4% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +13.9%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+13.5% per year) and Belgium (+3.6% per year).

In value terms, China ($X) constituted the largest supplier of balls to Luxembourg, comprising 33% of total imports. The second position in the ranking was taken by France ($X), with a 14% share of total imports. It was followed by Bangladesh, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +9.6%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+20.1% per year) and Bangladesh (+345.3% per year).

Import Prices by Country

The average ball import price stood at $X per unit in 2022, declining by -32.4% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 72% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2019; however, from 2020 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 Vietnam ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+37.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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