Luxembourg: Market for Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles 2024

Market Size for Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles in Luxembourg

The Luxembourg knitted shawl and scarf market surged to $X in 2022, growing by 50% 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). Over the period under review, consumption, however, saw a perceptible contraction. Knitted shawl and scarf consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Exports of Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles

Exports from Luxembourg

In 2022, approx. X units of shawls, scarves and the like of knitted or crocheted textiles were exported from Luxembourg; jumping by 202% against 2021 figures. Over the period under review, exports, however, showed a deep slump. The pace of growth appeared the most rapid in 2014 when exports increased by 354%. As a result, the exports attained the peak of X units. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, knitted shawl and scarf exports reduced notably to $X in 2022. In general, exports, however, showed a abrupt downturn. The pace of growth appeared the most rapid in 2014 with an increase of 536%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Belgium (X units), Germany (X units) and France (X units) were the main destinations of knitted shawl and scarf exports from Luxembourg, together comprising 83% of total exports. Italy, the Netherlands and Japan lagged somewhat behind, together accounting for a further 12%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +21.3%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for knitted shawl and scarf exported from Luxembourg were Belgium ($X), Germany ($X) and France ($X), together accounting for 79% of total exports. Italy, the Netherlands and Japan lagged somewhat behind, together comprising a further 13%.

In terms of the main countries of destination, Italy, with a CAGR of +19.0%, 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 mixed trend patterns.

Export Prices by Country

The average knitted shawl and scarf export price stood at $X per unit in 2022, waning by -77.9% against the previous year. Overall, the export price recorded a slight reduction. The pace of growth was the most pronounced in 2018 when the average export price increased by 49% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per unit), while the average price for exports to the Netherlands ($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 Japan (+17.0%), while the prices for the other major destinations experienced a decline.

Imports of Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles

Imports into Luxembourg

In 2022, the amount of shawls, scarves and the like of knitted or crocheted textiles imported into Luxembourg skyrocketed to X units, rising by 37% compared with the previous year. Over the period under review, imports, however, continue to indicate a abrupt curtailment. Imports peaked at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, knitted shawl and scarf imports skyrocketed to $X in 2022. Overall, imports, however, continue to indicate a pronounced downturn. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of knitted shawl and scarf to Luxembourg, with a 30% share of total imports. Moreover, knitted shawl and scarf imports from China exceeded the figures recorded by the second-largest supplier, Belgium (X units), threefold. Italy (X units) ranked third in terms of total imports with an 8.6% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled -5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-13.6% per year) and Italy (-3.2% per year).

In value terms, China ($X) constituted the largest supplier of shawls, scarves and the like of knitted or crocheted textiles to Luxembourg, comprising 30% of total imports. The second position in the ranking was taken by Belgium ($X), with a 9.9% share of total imports. It was followed by Italy, with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to -1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-10.3% per year) and Italy (+0.5% per year).

Import Prices by Country

The average knitted shawl and scarf import price stood at $X per unit in 2022, rising by 18% against the previous year. Over the last decade, it increased at an average annual rate of +3.9%. The most prominent rate of growth was recorded in 2015 when the average import price increased by 22% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the Netherlands ($X per unit) and Spain ($X per unit), while the price for the Czech Republic ($X per unit) and Vietnam ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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