Luxembourg: Ski-Suit Market 2024

Ski-Suit Market Size in Luxembourg

In 2021, the Luxembourg ski-suit market increased by 38% to $X for the first time since 2015, thus ending a five-year declining trend. Overall, consumption, however, showed a noticeable reduction. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Ski-Suit Production in Luxembourg

In value terms, ski-suit production amounted to $X in 2021 estimated in export price. Over the period under review, production showed a abrupt decline. The pace of growth was the most pronounced in 2015 when the production volume increased by 336% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

Ski-Suit Exports

Exports from Luxembourg

In 2021, overseas shipments of ski-suits (excluding of knitted or crocheted textiles) were finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. In general, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, ski-suit exports soared to $X in 2021. Over the period under review, exports showed a significant increase. The pace of growth was the most pronounced in 2015 when exports increased by 3,379% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

France (X units) was the main destination for ski-suit exports from Luxembourg, with a 67% share of total exports. Moreover, ski-suit exports to France exceeded the volume sent to the second major destination, Belgium (X units), twofold.

From 2012 to 2021, the average annual growth rate of volume to France stood at +72.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+18.2% per year) and the UK (0.0% per year).

In value terms, France ($X), the UK ($X) and Belgium ($X) appeared to be the largest markets for ski-suit exported from Luxembourg worldwide, with a combined 95% share of total exports.

In terms of the main countries of destination, France, with a CAGR of +61.6%, 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 2021, the average ski-suit export price amounted to $X per unit, with a decrease of -47.6% against the previous year. In general, the export price, however, posted prominent growth. The growth pace was the most rapid in 2015 an increase of 492% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2016 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was the UK ($X per unit), while the average price for exports to Belgium ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Greece (+110.0%), while the prices for the other major destinations experienced mixed trend patterns.

Ski-Suit Imports

Imports into Luxembourg

In 2021, the amount of ski-suits (excluding of knitted or crocheted textiles) imported into Luxembourg soared to X units, rising by 26% against 2020. Overall, imports showed a measured expansion. The growth pace was the most rapid in 2013 when imports increased by 80% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, ski-suit imports reached $X in 2021. Over the period under review, imports, however, recorded a noticeable contraction. The pace of growth was the most pronounced in 2013 when imports increased by 132%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Belgium (X units), the Netherlands (X units) and Germany (X units) were the main suppliers of ski-suit imports to Luxembourg, together comprising 83% of total imports. Denmark, France, Poland and China lagged somewhat behind, together comprising a further 14%.

From 2012 to 2021, the biggest increases were recorded for Denmark (with a CAGR of +216.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), the Netherlands ($X) and Germany ($X) were the largest ski-suit suppliers to Luxembourg, with a combined 77% share of total imports. Denmark, China, France and Poland lagged somewhat behind, together accounting for a further 17%.

Among the main suppliers, Denmark, with a CAGR of +215.1%, 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

In 2021, the average ski-suit import price amounted to $X per unit, waning by -15.1% against the previous year. In general, the import price saw a deep contraction. The pace of growth appeared the most rapid in 2014 an increase of 46%. The import price peaked at $X per unit in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was China ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+2.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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