Luxembourg: Ski Footwear Market 2021

Ski Footwear Market Size in Luxembourg

After three years of growth, the Luxembourg ski footwear market decreased by -X% to $X in 2020. Over the period under review, the total consumption indicated noticeable growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when the market value increased by X% year-to-year. Ski footwear consumption peaked at $X in 2012; however, from 2013 to 2020, consumption remained at a lower figure.

Ski Footwear Exports

Exports from Luxembourg

In 2020, shipments abroad of ski-boots, snowboard boots and cross-country ski footwear increased by X% to X pairs for the first time since 2015, thus ending a four-year declining trend. Over the period under review, exports, however, continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, exports hit record highs at X pairs in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

In value terms, ski footwear exports surged to $X in 2020. Overall, exports, however, posted noticeable growth. As a result, exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Macao SAR (X pairs), Hong Kong SAR (X pairs) and Russia (X pairs) were the main destinations of ski footwear exports from Luxembourg, with a combined X% share of total exports.

From 2007 to 2020, the biggest increases were in Macao SAR (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ski footwear exported from Luxembourg were Macao SAR ($X), Hong Kong SAR ($X) and Russia ($X), with a combined X% share of total exports.

In terms of the main countries of destination, Macao SAR (+X% per year) recorded 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 ski footwear export price stood at $X per pair in 2020, growing by X% against the previous year. Overall, the export price showed a strong increase. As a result, export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was Russia ($X per pair), while the average price for exports to Belgium ($X per pair) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+X% per year), while the prices for the other major destinations experienced more modest paces of growth.

Ski Footwear Imports

Imports into Luxembourg

In 2020, after two years of growth, there was significant decline in purchases abroad of ski-boots, snowboard boots and cross-country ski footwear, when their volume decreased by -X% to X pairs. Over the period under review, total imports indicated a modest increase from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2017 indices. The pace of growth appeared the most rapid in 2014 when imports increased by X% y-o-y. Imports peaked at X pairs in 2012; however, from 2013 to 2020, imports failed to regain the momentum.

In value terms, ski footwear imports declined remarkably to $X in 2020. Overall, imports, however, showed measured growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Imports peaked at $X in 2019, and then dropped sharply in the following year.

Imports by Country

In 2020, Belgium (X pairs) constituted the largest supplier of ski footwear to Luxembourg, accounting for a X% share of total imports. Moreover, ski footwear imports from Belgium exceeded the figures recorded by the second-largest supplier, China (X pairs), fourfold. Romania (X pairs) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from Belgium amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and Romania (+X% per year).

In value terms, China ($X), Romania ($X) and Hungary ($X) appeared to be the largest ski footwear suppliers to Luxembourg, with a combined X% share of total imports.

Romania recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average ski footwear import price amounted to $X per pair, declining by -X% against the previous year. Overall, the import price, however, recorded a temperate increase. The most prominent rate of growth was recorded in 2012 when the average import price increased by X% year-to-year. The import price peaked at $X per pair in 2019, and then declined markedly in the following year.

Prices varied noticeably by the country of origin; the country with the highest price was Italy ($X per pair), while the price for Belgium ($X per pair) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Italy, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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