Luxembourg: Leather Sports Gloves Market 2024

Leather Sports Gloves Market Size in Luxembourg

In 2022, the Luxembourg leather sports gloves market increased by 19% to $X, rising for the second year in a row after three years of decline. Overall, consumption saw a buoyant increase. Leather sports gloves consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Leather Sports Gloves Exports

Exports from Luxembourg

In 2022, approx. X units of leather sports gloves, mittens and mitts were exported from Luxembourg; dropping by -50% on the previous year's figure. Over the period under review, exports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 127%. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, leather sports gloves exports contracted markedly to $X in 2022. Overall, exports showed a precipitous decline. The growth pace was the most rapid in 2021 with an increase of 141%. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Belgium (X units) was the main destination for leather sports gloves exports from Luxembourg, with a 49% share of total exports. Moreover, leather sports gloves exports to Belgium exceeded the volume sent to the second major destination, Germany (X units), threefold. China (X units) ranked third in terms of total exports with a 17% share.

From 2012 to 2022, the average annual growth rate of volume to Belgium amounted to -25.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+14.3% per year) and China (0.0% per year).

In value terms, Belgium ($X) emerged as the key foreign market for leather sports gloves, mittens and mitts exports from Luxembourg, comprising 49% of total exports. The second position in the ranking was taken by Germany ($X), with a 17% share of total exports. It was followed by China, with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Belgium amounted to -26.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+9.8% per year) and China (0.0% per year).

Export Prices by Country

The average leather sports gloves export price stood at $X per unit in 2022, dropping by -2.3% against the previous year. Over the period under review, the export price recorded a noticeable reduction. The pace of growth was the most pronounced in 2021 an increase of 6.1% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to France ($X per unit) and Belgium ($X per unit), while the average price for exports to Brazil ($X per unit) and Italy ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (-0.4%), while the prices for the other major destinations experienced a decline.

Leather Sports Gloves Imports

Imports into Luxembourg

In 2022, purchases abroad of leather sports gloves, mittens and mitts increased by 26% to X units, rising for the second consecutive year after three years of decline. Over the period under review, imports recorded a buoyant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 82% against the previous year. Over the period under review, imports reached the maximum at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, leather sports gloves imports surged to $X in 2022. In general, imports saw a moderate expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 93% against the previous year. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Austria (X units) constituted the largest supplier of leather sports gloves to Luxembourg, accounting for a 26% share of total imports. Moreover, leather sports gloves imports from Austria exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. The third position in this ranking was held by Vietnam (X units), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from Austria stood at +60.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+9.1% per year) and Vietnam (+56.2% per year).

In value terms, Austria ($X) constituted the largest supplier of leather sports gloves, mittens and mitts to Luxembourg, comprising 26% of total imports. The second position in the ranking was held by Germany ($X), with a 12% share of total imports. It was followed by Vietnam, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from Austria totaled +59.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+6.9% per year) and Vietnam (+54.9% per year).

Import Prices by Country

In 2022, the average leather sports gloves import price amounted to $X per unit, with a decrease of -8.8% against the previous year. Overall, the import price recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2021 an increase of 5.6%. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Thailand ($X per unit) and Germany ($X per unit), while the price for Hungary ($X per unit) and France ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (-0.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :