Luxembourg: Non-Knitted Men Apparel Market 2024

Non-Knitted Men Apparel Market Size in Luxembourg

The Luxembourg non-knitted men apparel market shrank to $X in 2022, falling by -3.2% against 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 saw a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Non-Knitted Men Apparel Exports

Exports from Luxembourg

In 2022, shipments abroad of men's or boys' clothing (not knitted or crocheted) decreased by -5.8% to X units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2013 with an increase of 43% against the previous year. Over the period under review, the exports hit record highs at X units in 2021, and then dropped in the following year.

In value terms, non-knitted men apparel exports contracted to $X in 2022. Overall, exports, however, recorded a prominent expansion. The pace of growth was the most pronounced in 2013 with an increase of 66% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then dropped in the following year.

Exports by Country

Germany (X units), Belgium (X units) and France (X units) were the main destinations of non-knitted men apparel exports from Luxembourg, together comprising 77% of total exports. Austria, Italy, the Netherlands, Spain and Norway lagged somewhat behind, together comprising a further 15%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Austria (with a CAGR of +124.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-knitted men apparel exported from Luxembourg were Germany ($X), Belgium ($X) and Italy ($X), together comprising 61% of total exports. France, Austria, the Netherlands, Norway and Spain lagged somewhat behind, together comprising a further 21%.

In terms of the main countries of destination, Austria, with a CAGR of +110.8%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average non-knitted men apparel export price stood at $X per unit in 2022, leveling off at the previous year. Over the period under review, the export price continues to indicate a resilient expansion. The growth pace was the most rapid in 2020 an increase of 52% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the near future.

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 Italy ($X per unit), while the average price for exports to Germany ($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 Italy (+5.9%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Knitted Men Apparel Imports

Imports into Luxembourg

In 2022, approx. X units of men's or boys' clothing (not knitted or crocheted) were imported into Luxembourg; almost unchanged from the year before. The total import volume increased at an average annual rate of +2.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when imports increased by 21% against the previous year. Imports peaked at X units in 2019; afterwards, it flattened through to 2022.

In value terms, non-knitted men apparel imports shrank to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 19%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Bangladesh (X units), Spain (X units) and China (X units) were the main suppliers of non-knitted men apparel imports to Luxembourg, together accounting for 42% of total imports. Belgium, Germany, France, Pakistan, Vietnam, Turkey and the Netherlands lagged somewhat behind, together accounting for a further 44%.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +21.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), China ($X) and Germany ($X) were the largest non-knitted men apparel suppliers to Luxembourg, together accounting for 31% of total imports. Vietnam, Bangladesh, Spain, France, Turkey, Pakistan and the Netherlands lagged somewhat behind, together accounting for a further 42%.

In terms of the main suppliers, Spain, with a CAGR of +18.6%, 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 non-knitted men apparel import price stood at $X per unit in 2022, which is down by -6.2% against the previous year. Overall, the import price saw a slight shrinkage. The most prominent rate of growth was recorded in 2020 when the average import price increased by 6% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($X per unit), while the price for Bangladesh ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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