Luxembourg: Chandelier Market 2025

Chandelier Market Size in Luxembourg

After two years of decline, the Luxembourg chandelier market increased by 7.5% to $X in 2022. Over the period under review, consumption saw resilient growth. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Chandelier Exports

Exports from Luxembourg

In 2022, after ten years of growth, there was significant decline in overseas shipments of chandeliers, when their volume decreased by -12.7% to X units. In general, exports, however, posted resilient growth. The pace of growth was the most pronounced in 2021 when exports increased by 34% against the previous year. As a result, the exports attained the peak of X units, and then fell in the following year.

In value terms, chandelier exports fell sharply to $X in 2022. Overall, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 81%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Belgium (X units) was the main destination for chandelier exports from Luxembourg, accounting for a 384% share of total exports. Moreover, chandelier exports to Belgium exceeded the volume sent to the second major destination, France (X units), fourfold. Oman (X units) ranked third in terms of total exports with a 53% share.

From 2012 to 2022, the average annual growth rate of volume to Belgium amounted to +41.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-5.5% per year) and Oman (+63.9% per year).

In value terms, Oman ($X), France ($X) and Belgium ($X) appeared to be the largest markets for chandelier exported from Luxembourg worldwide, together accounting for 71% of total exports.

Oman, with a CAGR of +60.4%, recorded the highest rates of growth with regard to 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

In 2022, the average chandelier export price amounted to $X per unit, dropping by -11.1% against the previous year. Overall, the export price, however, showed prominent growth. The growth pace was the most rapid in 2021 an increase of 35% against the previous year. As a result, the export price attained the peak level of $X per unit, and then declined in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+12.4%), while the prices for the other major destinations experienced more modest paces of growth.

Chandelier Imports

Imports into Luxembourg

In 2022, overseas purchases of chandeliers were finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Overall, imports continue to indicate a prominent increase. The pace of growth was the most pronounced in 2019 with an increase of 77%. As a result, imports attained the peak of X units. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, chandelier imports dropped to $X in 2022. Over the period under review, total imports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +3.9% 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 +64.4% against 2015 indices. The pace of growth appeared the most rapid in 2021 with an increase of 37% against the previous year. As a result, imports attained the peak of $X, and then declined in the following year.

Imports by Country

In 2022, Germany (X units) constituted the largest chandelier supplier to Luxembourg, with a 14% share of total imports. Moreover, chandelier imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X units), twofold. The third position in this ranking was held by Austria (X units), with a 4.8% share.

From 2012 to 2022, the average annual growth rate of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+5.6% per year) and Austria (+2.8% per year).

In value terms, the largest chandelier suppliers to Luxembourg were Germany ($X), Belgium ($X) and Austria ($X), with a combined 70% share of total imports. The Netherlands, France, Italy, Spain, China and Slovakia lagged somewhat behind, together accounting for a further 25%.

Among the main suppliers, the Netherlands, with a CAGR of +14.3%, saw 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

The average chandelier import price stood at $X per unit in 2022, falling by -32.3% against the previous year. Overall, the import price continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2021 when the average import price increased by 113%. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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