Luxembourg: Leather Footwear Market 2024

Leather Footwear Market Size in Luxembourg

After two years of decline, the Luxembourg leather footwear market increased by 15% to $X in 2021. The market value increased at an average annual rate of +1.2% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Leather Footwear Exports

Exports from Luxembourg

In 2021, approx. X tons of leather footwear were exported from Luxembourg; rising by 33% on the year before. In general, exports, however, continue to indicate a noticeable setback. The pace of growth appeared the most rapid in 2016 when exports increased by 34%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, leather footwear exports surged to $X in 2021. Overall, exports, however, continue to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2018 with an increase of 33% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

France (X tons), Belgium (X tons) and Italy (X tons) were the main destinations of leather footwear exports from Luxembourg, with a combined 92% share of total exports. Japan, Hong Kong SAR, Germany, the Netherlands and Spain lagged somewhat behind, together comprising a further 6%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Japan (with a CAGR of +16.9%), while the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X) remains the key foreign market for leather footwear exports from Luxembourg, comprising 56% of total exports. The second position in the ranking was held by France ($X), with an 18% share of total exports. It was followed by Hong Kong SAR, with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Belgium amounted to +14.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+8.5% per year) and Hong Kong SAR (+11.2% per year).

Export Prices by Country

The average leather footwear export price stood at $X per kg in 2021, falling by -7% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.2%. The growth pace was the most rapid in 2020 when the average export price increased by 31% against the previous year. As a result, the export price reached the peak level of $X per kg, and then fell in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per kg), while the average price for exports to France ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+12.6%), while the prices for the other major destinations experienced more modest paces of growth.

Leather Footwear Imports

Imports into Luxembourg

In 2021, leather footwear imports into Luxembourg surged to X tons, growing by 16% on the year before. Overall, imports showed a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, leather footwear imports surged to $X in 2021. In general, imports, however, recorded a relatively flat trend pattern. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, France (X tons) constituted the largest supplier of leather footwear to Luxembourg, with a 44% share of total imports. Moreover, leather footwear imports from France exceeded the figures recorded by the second-largest supplier, Belgium (X tons), twofold. The third position in this ranking was taken by Italy (X tons), with a 9.4% share.

From 2012 to 2021, the average annual growth rate of volume from France stood at +8.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+1.7% per year) and Italy (+0.2% per year).

In value terms, the largest leather footwear suppliers to Luxembourg were Belgium ($X), Italy ($X) and Germany ($X), with a combined 60% share of total imports. France, the Netherlands, Spain, Austria, China and Indonesia lagged somewhat behind, together comprising a further 35%.

In terms of the main suppliers, the Netherlands, with a CAGR of +8.2%, saw the highest growth rate of 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

In 2021, the average leather footwear import price amounted to $X per kg, increasing by 3% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 7.9% against the previous year. As a result, import price reached the peak level of $X per kg. From 2014 to 2021, the average 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 Germany ($X per kg), while the price for France ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform