Luxembourg: Perfume Market 2024

Perfume Market Size in Luxembourg

In 2022, after two years of growth, there was significant decline in the Luxembourg perfume market, when its value decreased by -36.2% to $X. Overall, consumption recorded a abrupt slump. Perfume consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Perfume Exports

Exports from Luxembourg

In 2022, shipments abroad of perfumes and toilet waters was finally on the rise to reach X tons after three years of decline. In general, exports, however, showed a abrupt decrease. The pace of growth was the most pronounced in 2017 when exports increased by 51% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, perfume exports contracted to $X in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when exports increased by 116%. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for perfume exports from Luxembourg, with a 62% share of total exports. Moreover, perfume exports to Germany exceeded the volume sent to the second major destination, France (X tons), fourfold. The third position in this ranking was taken by Belgium (X tons), with a 5.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany stood at +2.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-17.0% per year) and Belgium (-11.1% per year).

In value terms, Belgium ($X), Germany ($X) and France ($X) appeared to be the largest markets for perfume exported from Luxembourg worldwide, with a combined 72% share of total exports. Switzerland, Hungary, Austria and the United Arab Emirates lagged somewhat behind, together accounting for a further 8.8%.

Among the main countries of destination, Switzerland, with a CAGR of +152.8%, recorded the highest rates of growth with regard to 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

In 2022, the average perfume export price amounted to $X per ton, with a decrease of -25.9% against the previous year. Over the period under review, the export price, however, posted a strong increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by 75% against the previous year. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+25.4%), while the prices for the other major destinations experienced more modest paces of growth.

Perfume Imports

Imports into Luxembourg

In 2022, the amount of perfumes and toilet waters imported into Luxembourg dropped slightly to X tons, approximately equating the previous year's figure. Overall, imports showed a abrupt decrease. The pace of growth was the most pronounced in 2016 with an increase of 37%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, perfume imports contracted to $X in 2022. Over the period under review, imports recorded a slight descent. The growth pace was the most rapid in 2018 when imports increased by 13% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

France (X tons), Germany (X tons) and Belgium (X tons) were the main suppliers of perfume imports to Luxembourg, together comprising 72% of total imports. The Netherlands, Spain, Italy, the United States and India lagged somewhat behind, together accounting for a further 21%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +23.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest perfume suppliers to Luxembourg were France ($X), Belgium ($X) and the Netherlands ($X), with a combined 85% share of total imports.

In terms of the main suppliers, the Netherlands, with a CAGR of +38.0%, recorded the highest rates of growth with regard to 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 perfume import price stood at $X per ton in 2022, dropping by -7.8% against the previous year. Over the period under review, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, perfume import price decreased by -9.5% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 46% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 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 ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+13.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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