Luxembourg: Festive Articles Market 2024

Festive Articles Market Size in Luxembourg

The Luxembourg festive articles market totaled $X in 2022, standing approx. at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded a relatively flat trend pattern. Festive articles consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Festive Articles Exports

Exports from Luxembourg

In 2022, the amount of festive or carnival articles exported from Luxembourg dropped sharply to X tons, shrinking by -71% compared with the previous year's figure. Over the period under review, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 239%. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, festive articles exports dropped remarkably to $X in 2022. In general, exports faced a abrupt slump. The pace of growth appeared the most rapid in 2018 with an increase of 114%. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Belgium (X kg) was the main destination for festive articles exports from Luxembourg, with a 43% share of total exports. Moreover, festive articles exports to Belgium exceeded the volume sent to the second major destination, Germany (X kg), twofold. The third position in this ranking was taken by France (X kg), with a 13% share.

From 2012 to 2022, the average annual growth rate of volume to Belgium amounted to -16.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-14.2% per year) and France (-16.9% per year).

In value terms, Germany ($X), Belgium ($X) and France ($X) constituted the largest markets for festive articles exported from Luxembourg worldwide, together accounting for 70% of total exports. The United States, the Netherlands, the UK and Switzerland lagged somewhat behind, together accounting for a further 17%.

The United States, with a CAGR of +22.5%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average festive articles export price amounted to $X per ton, increasing by 30% against the previous year. In general, the export price, however, continues to indicate a slight contraction. The pace of growth appeared the most rapid in 2020 when the average export price increased by 68% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Belgium ($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 the Netherlands (+0.0%), while the prices for the other major destinations experienced a decline.

Festive Articles Imports

Imports into Luxembourg

Festive articles imports into Luxembourg stood at X tons in 2022, flattening at 2021. Over the period under review, total imports indicated a notable increase from 2012 to 2022: its volume increased at an average annual rate of +2.2% 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 +29.5% against 2020 indices. The pace of growth appeared the most rapid in 2013 with an increase of 45% against the previous year. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, festive articles imports contracted slightly to $X in 2022. Overall, imports, however, saw a slight shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 27% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Germany (X tons) constituted the largest festive articles supplier to Luxembourg, with a 47% share of total imports. Moreover, festive articles imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X tons), threefold. France (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to +2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-0.9% per year) and France (+6.0% per year).

In value terms, the largest festive articles suppliers to Luxembourg were Germany ($X), Belgium ($X) and France ($X), with a combined 63% share of total imports. China, Spain and the Netherlands lagged somewhat behind, together comprising a further 19%.

Among the main suppliers, Spain, with a CAGR of +35.4%, recorded 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 festive articles import price stood at $X per ton in 2022, waning by -2.5% against the previous year. Over the period under review, the import price recorded a perceptible contraction. The pace of growth appeared the most rapid in 2018 an increase of 33%. The import price peaked at $X per ton in 2012; however, from 2013 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 France ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-1.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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