Luxembourg: Market for Coconut, Abaca, Ramie and other Vegetable Textile Fibres 2024

Market Size for Coconut, Abaca, Ramie and other Vegetable Textile Fibres in Luxembourg

In 2022, the Luxembourg market for coconut, abaca, ramie and other vegetable textile fibres increased by 12% to $X, rising for the second year in a row after five years of decline. Over the period under review, consumption recorded a pronounced expansion. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Production of Coconut, Abaca, Ramie and other Vegetable Textile Fibres in Luxembourg

In value terms, production of coconut, abaca, ramie and other vegetable textile fibres totaled $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 13,111,000%. Production of peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

The average yield of coconut, abaca, ramie and other vegetable textile fibres in Luxembourg was estimated at less than X kg per ha in 2022, remaining constant against 2021 figures. Over the period under review, the yield saw a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of coconut, abaca, ramie and other vegetable textile fibres in Luxembourg was estimated at less than X ha, stabilizing at the year before. Over the period under review, the harvested area showed a relatively flat trend pattern.

Exports of Coconut, Abaca, Ramie and other Vegetable Textile Fibres

Exports from Luxembourg

In 2022, exports of coconut, abaca, ramie and other vegetable textile fibres from Luxembourg fell sharply to X tons, reducing by -37.3% against 2021 figures. Over the period under review, exports, however, showed a significant increase. The pace of growth appeared the most rapid in 2013 when exports increased by 7,130% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, exports of coconut, abaca, ramie and other vegetable textile fibres dropped remarkably to $X in 2022. Overall, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 8,787%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for exports of coconut, abaca, ramie and other vegetable textile fibres from Luxembourg, accounting for a 44% share of total exports. Moreover, exports of coconut, abaca, ramie and other vegetable textile fibres to Germany exceeded the volume sent to the second major destination, Belgium (X tons), twofold. Slovenia (X tons) ranked third in terms of total exports with a 21% share.

From 2012 to 2022, the average annual growth rate of volume to Germany totaled +47.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+4.3% per year) and Slovenia (+19.6% per year).

In value terms, Germany ($X) remains the key foreign market for coconut, abaca, ramie and other vegetable textile fibres exports from Luxembourg, comprising 45% of total exports. The second position in the ranking was taken by Belgium ($X), with a 23% share of total exports. It was followed by Slovenia, with a 19% share.

From 2012 to 2022, the average annual growth rate of value to Germany amounted to +52.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+5.5% per year) and Slovenia (+22.7% per year).

Export Prices by Country

The average export price for coconut, abaca, ramie and other vegetable textile fibres stood at $X per ton in 2022, growing by 4.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.2%. The most prominent rate of growth was recorded in 2013 an increase of 23% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to the Netherlands ($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 Germany (+3.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Coconut, Abaca, Ramie and other Vegetable Textile Fibres

Imports into Luxembourg

For the third consecutive year, Luxembourg recorded decline in overseas purchases of coconut, abaca, ramie and other vegetable textile fibres, which decreased by -41.4% to X tons in 2022. Over the period under review, imports, however, saw a strong expansion. The pace of growth appeared the most rapid in 2019 with an increase of 1,935%. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of coconut, abaca, ramie and other vegetable textile fibres fell remarkably to $X in 2022. Overall, imports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of 1,297% against the previous year. Over the period under review, imports of hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

The Netherlands (X tons), Germany (X tons) and Sri Lanka (X tons) were the main suppliers of imports of coconut, abaca, ramie and other vegetable textile fibres to Luxembourg, with a combined 82% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Sri Lanka (with a CAGR of +64.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Germany ($X) and the Netherlands ($X) were the largest coconut, abaca, ramie and other vegetable textile fibre suppliers to Luxembourg, together comprising 83% of total imports. Sri Lanka, France and India lagged somewhat behind, together accounting for a further 7.6%.

Sri Lanka, with a CAGR of +58.6%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for coconut, abaca, ramie and other vegetable textile fibres amounted to $X per ton, jumping by 21% against the previous year. Over the period under review, the import price showed notable growth. The pace of growth appeared the most rapid in 2015 when the average import price increased by 101%. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+22.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform