Luxembourg: Knitted Fabric Market 2025

Knitted Fabric Market Size in Luxembourg

The Luxembourg knitted fabric market skyrocketed to $X in 2021, picking up by 28% against the previous year. In general, consumption recorded a resilient increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Knitted Fabric Production in Luxembourg

In value terms, knitted fabric production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production recorded strong growth. The most prominent rate of growth was recorded in 2016 with an increase of 23% against the previous year. Knitted fabric production peaked in 2021 and is expected to retain growth in years to come.

Knitted Fabric Exports

Exports from Luxembourg

In 2021, overseas shipments of knitted or crocheted fabrics decreased by -87.9% to X tons for the first time since 2017, thus ending a three-year rising trend. Overall, exports saw a deep slump. The growth pace was the most rapid in 2019 with an increase of 270%. The exports peaked at X tons in 2020, and then fell notably in the following year.

In value terms, knitted fabric exports dropped significantly to $X in 2021. Over the period under review, exports, however, continue to indicate resilient growth. The pace of growth was the most pronounced in 2020 with an increase of 448%. As a result, the exports attained the peak of $X, and then dropped markedly in the following year.

Exports by Country

Turkey (X tons) was the main destination for knitted fabric exports from Luxembourg, accounting for a 49% share of total exports. Moreover, knitted fabric exports to Turkey exceeded the volume sent to the second major destination, Belgium (X kg), fourfold. Spain (X kg) ranked third in terms of total exports with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Turkey amounted to +9.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-27.0% per year) and Spain (+174.7% per year).

In value terms, Turkey ($X) emerged as the key foreign market for knitted or crocheted fabrics exports from Luxembourg, comprising 44% of total exports. The second position in the ranking was taken by Belgium ($X), with an 11% share of total exports. It was followed by Spain, with a 7.4% share.

From 2012 to 2021, the average annual growth rate of value to Turkey stood at +37.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-9.3% per year) and Spain (+187.9% per year).

Export Prices by Country

The average knitted fabric export price stood at $X per ton in 2021, increasing by 39% against the previous year. In general, the export price recorded a significant expansion. The growth pace was the most rapid in 2015 when the average export price increased by 180% against the previous year. The export price peaked in 2021 and is expected to retain growth in the near future.

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 Latvia ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+25.4%), while the prices for the other major destinations experienced more modest paces of growth.

Knitted Fabric Imports

Imports into Luxembourg

In 2021, imports of knitted or crocheted fabrics into Luxembourg surged to X tons, rising by 82% on the previous year's figure. In general, imports, however, saw a perceptible descent. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, knitted fabric imports skyrocketed to $X in 2021. Overall, imports, however, recorded a mild setback. The pace of growth appeared the most rapid in 2020 when imports increased by 43% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Germany (X tons) constituted the largest knitted fabric supplier to Luxembourg, accounting for a 74% share of total imports. Moreover, knitted fabric imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X tons), ninefold. The third position in this ranking was taken by the Netherlands (X tons), with a 5.1% share.

From 2012 to 2021, the average annual growth rate of volume from Germany stood at -2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-2.5% per year) and the Netherlands (+7.7% per year).

In value terms, Germany ($X) constituted the largest supplier of knitted or crocheted fabrics to Luxembourg, comprising 64% of total imports. The second position in the ranking was taken by the Netherlands ($X), with an 8.7% share of total imports. It was followed by Belgium, with an 8.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled -1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+3.1% per year) and Belgium (-3.6% per year).

Import Prices by Country

The average knitted fabric import price stood at $X per ton in 2021, shrinking by -24.8% against the previous year. In general, import price indicated slight growth from 2012 to 2021: its price increased at an average annual rate of +1.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 an increase of 93%. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Denmark ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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