Luxembourg: Plastic Ornamental Articles Market 2024

Plastic Ornamental Articles Market Size in Luxembourg

In 2022, the Luxembourg plastic ornamental articles market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption posted a resilient expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Plastic Ornamental Articles Exports

Exports from Luxembourg

In 2022, shipments abroad of statuettes and other ornamental articles of plastic decreased by -54.5% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 1,266% against the previous year. The exports peaked at X tons in 2021, and then dropped dramatically in the following year.

In value terms, plastic ornamental articles exports dropped significantly to $X in 2022. In general, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2016 when exports increased by 1,633%. Over the period under review, the exports reached the peak figure at $X in 2021, and then fell dramatically in the following year.

Exports by Country

France (X tons), Spain (X tons) and Belgium (X tons) were the main destinations of plastic ornamental articles exports from Luxembourg, with a combined 69% share of total exports. Germany, the United States, Italy and Portugal lagged somewhat behind, together comprising a further 24%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +240.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plastic ornamental articles exported from Luxembourg were France ($X), Spain ($X) and Belgium ($X), with a combined 68% share of total exports. The United States, Germany, Italy and Portugal lagged somewhat behind, together comprising a further 23%.

Italy, with a CAGR of +397.5%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average plastic ornamental articles export price stood at $X per ton in 2022, growing by 40% against the previous year. In general, the export price continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2014 when the average export price increased by 120% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the United States ($X per ton) and Belgium ($X per ton), while the average price for exports to Spain ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+46.0%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Ornamental Articles Imports

Imports into Luxembourg

In 2022, the amount of statuettes and other ornamental articles of plastic imported into Luxembourg rose rapidly to X tons, growing by 5.8% compared with 2021. Overall, imports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2018 when imports increased by 69%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, plastic ornamental articles imports rose rapidly to $X in 2022. Over the period under review, imports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2018 when imports increased by 63% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the near future.

Imports by Country

China (X tons), the Netherlands (X tons) and Belgium (X tons) were the main suppliers of plastic ornamental articles imports to Luxembourg, with a combined 85% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +20.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of statuettes and other ornamental articles of plastic to Luxembourg, comprising 48% of total imports. The second position in the ranking was taken by France ($X), with a 14% share of total imports. It was followed by the Netherlands, with a 9.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +23.8%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+11.0% per year) and the Netherlands (+6.8% per year).

Import Prices by Country

In 2022, the average plastic ornamental articles import price amounted to $X per ton, surging by 7.4% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average import price increased by 42%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :