Luxembourg: Parachute Market 2024

Parachute Market Size in Luxembourg

In 2021, after two years of growth, there was significant decline in the Luxembourg parachute market, when its value decreased by -41.2% to $X. In general, consumption, however, enjoyed a significant expansion. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Parachute Production in Luxembourg

In value terms, parachute production reached $X in 2021 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the production volume increased by 187% against the previous year. Parachute production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Parachute Exports

Exports from Luxembourg

In 2021, shipments abroad of parachutes and rotochutes decreased by -79.5% to X kg, falling for the third year in a row after three years of growth. Overall, exports recorded a sharp curtailment. The most prominent rate of growth was recorded in 2018 when exports increased by 3,008% against the previous year. As a result, the exports reached the peak of X kg. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, parachute exports contracted dramatically to $X in 2021. In general, exports showed a perceptible slump. The pace of growth appeared the most rapid in 2017 with an increase of 2,687,211%. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

France (X kg) and Poland (X kg) were the main destinations of parachute exports from Luxembourg. Moreover, parachute exports in France exceeded the figures recorded by the second-largest exporter, Poland, twofold.

From 2014 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of +44.2%).

In value terms, France ($X) emerged as the key foreign market for parachutes and rotochutes exports from Luxembourg, comprising 73% of total exports. The second position in the ranking was held by Poland ($X), with a 27% share of total exports.

From 2014 to 2021, the average annual growth rate of value to France totaled +234.4%.

Export Prices by Country

In 2021, the average parachute export price amounted to $X per kg, falling by -40.4% against the previous year. Over the period under review, the export price, however, posted a significant increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by 2,216,987%. As a result, the export price reached the peak level of $X per kg. From 2018 to 2021, the average export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2021, the country with the highest price was France ($X per kg), while the average price for exports to Poland totaled $X per kg.

From 2014 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+109.4%), while the prices for the other major destinations experienced a decline.

Parachute Imports

Imports into Luxembourg

After two years of growth, purchases abroad of parachutes and rotochutes decreased by -91.2% to X kg in 2021. Over the period under review, imports recorded a abrupt setback. The most prominent rate of growth was recorded in 2014 with an increase of 38,700%. As a result, imports attained the peak of X kg. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, parachute imports reduced remarkably to $X in 2021. Overall, imports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2014 with an increase of 25,873% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

New Zealand (X kg), the Czech Republic (X kg) and Germany (X kg) were the main suppliers of parachute imports to Luxembourg, together accounting for 71% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of +22.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X) constituted the largest supplier of parachutes and rotochutes to Luxembourg, comprising 47% of total imports. The second position in the ranking was held by Germany ($X), with a 21% share of total imports. It was followed by New Zealand, with a 13% share.

From 2012 to 2021, the average annual growth rate of value from the Czech Republic amounted to +110.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+33.7% per year) and New Zealand (0.0% per year).

Import Prices by Country

The average parachute import price stood at $X per kg in 2021, jumping by 88% against the previous year. Overall, the import price posted significant growth. The pace of growth was the most pronounced in 2019 an increase of 528%. As a result, import price reached the peak level of $X per kg. From 2020 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was the Czech Republic ($X per kg), while the price for Denmark ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+90.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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