Luxembourg: Sails Market 2025

Sails Market Size in Luxembourg

In 2022, the Luxembourg sails market decreased by 0% to less than $X, falling for the second year in a row after three years of growth. Overall, consumption saw a significant increase. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Sails Production in Luxembourg

In value terms, sails production skyrocketed to $X in 2022 estimated in export price. In general, production posted a significant increase. The most prominent rate of growth was recorded in 2013 when the production volume increased by 249%. Sails production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Sails Exports

Exports from Luxembourg

For the third year in a row, Luxembourg recorded growth in shipments abroad of sails, which increased by 765% to X kg in 2020. Overall, exports saw a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, sails exports soared to $X in 2020. In general, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Belgium (X kg) was the main destination for sails exports from Luxembourg, accounting for a approx. 100% share of total exports.

From 2012 to 2020, the average annual rate of growth in terms of volume to Belgium amounted to +17.9%.

In value terms, Belgium ($X) emerged as the key foreign market for sails exports from Luxembourg.

From 2012 to 2020, the average annual rate of growth in terms of value to Belgium totaled +38.7%.

Export Prices by Country

In 2020, the average sails export price amounted to $X per ton, with an increase of 13% against the previous year. Over the period under review, the export price posted a buoyant expansion. The most prominent rate of growth was recorded in 2015 an increase of 48%. The export price peaked in 2020 and is likely to see steady growth in years to come.

As there is only one major export destination, the average price level is determined by prices for Belgium.

From 2012 to 2020, the rate of growth in terms of prices for Belgium amounted to +17.7% per year.

Sails Imports

Imports into Luxembourg

In 2022, overseas purchases of sails increased by 808% to X kg, rising for the second consecutive year after four years of decline. Over the period under review, imports, however, showed a abrupt setback. The pace of growth appeared the most rapid in 2016 when imports increased by 9,669%. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, sails imports declined dramatically to $X in 2022. In general, imports, however, recorded a abrupt contraction. The growth pace was the most rapid in 2016 when imports increased by 5,822%. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Belgium (X kg) was the main supplier of sails to Luxembourg, accounting for a 93% share of total imports. Moreover, sails imports from Belgium exceeded the figures recorded by the second-largest supplier, the Philippines (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Belgium stood at -5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Philippines (+56.0% per year) and Germany (+29.7% per year).

In value terms, Belgium ($X) constituted the largest supplier of sails to Luxembourg, comprising 89% of total imports. The second position in the ranking was held by the Philippines ($X), with a 7.2% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Belgium stood at -7.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Philippines (+5.9% per year) and Germany (+18.7% per year).

Import Prices by Country

The average sails import price stood at $X per ton in 2022, falling by -99.3% against the previous year. Over the period under review, the import price recorded a deep contraction. The most prominent rate of growth was recorded in 2021 when the average import price increased by 1,694%. As a result, import price reached the peak level of $X per ton, and then contracted remarkably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+23.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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