Luxembourg: Market for Lighting Sets For Christmas Trees 2024

Exports of Lighting Sets For Christmas Trees

Exports from Luxembourg

In 2022, overseas shipments of lighting sets for christmas trees were finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, saw a abrupt decline. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, lighting set for christmas trees exports soared to $X in 2022. Overall, exports, however, saw a abrupt downturn. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X units), the Netherlands (X units) and Belgium (X units) were the main destinations of lighting set for christmas trees exports from Luxembourg, with a combined 99.9% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +32.8%), while the other leaders experienced mixed trend patterns.

In value terms, Germany ($X) remains the key foreign market for lighting sets for christmas trees exports from Luxembourg, comprising 67% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 21% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Germany totaled -11.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+22.6% per year) and Belgium (+2.8% per year).

Export Prices by Country

In 2022, the average export price for lighting sets for christmas trees amounted to $X per unit, reducing by -9.1% against the previous year. Over the period under review, export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, lighting set for christmas trees export price increased by +32.5% against 2019 indices. The pace of growth appeared the most rapid in 2017 when the average export price increased by 71%. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+5.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Lighting Sets For Christmas Trees

Imports into Luxembourg

In 2022, approx. X units of lighting sets for christmas trees were imported into Luxembourg; which is down by -9.9% compared with the year before. Over the period under review, imports, however, showed a prominent expansion. The growth pace was the most rapid in 2018 when imports increased by 36% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, lighting set for christmas trees imports reduced to $X in 2022. The total import value increased at an average annual rate of +1.9% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 23%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X units), Belgium (X units) and Germany (X units) were the main suppliers of lighting set for christmas trees imports to Luxembourg, with a combined 82% share of total imports. These countries were followed by the Netherlands, Switzerland and France, which together accounted for a further 15%.

From 2012 to 2022, the biggest increases were recorded for Switzerland (with a CAGR of +29.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and Belgium ($X) appeared to be the largest lighting set for christmas trees suppliers to Luxembourg, with a combined 76% share of total imports. These countries were followed by the Netherlands, France and Switzerland, which together accounted for a further 19%.

In terms of the main suppliers, Switzerland, with a CAGR of +10.3%, 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

The average import price for lighting sets for christmas trees stood at $X per unit in 2022, picking up by 3.2% against the previous year. Overall, the import price, however, continues to indicate a perceptible slump. The most prominent rate of growth was recorded in 2017 an increase of 14%. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 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 ($X per unit), while the price for Belgium ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (-2.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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