Luxembourg: Technical Textiles Market 2024

Technical Textiles Market Size in Luxembourg

The Luxembourg technical textiles market skyrocketed to $X in 2021, increasing by 49% against the previous year. In general, consumption recorded a temperate increase. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Technical Textiles Production in Luxembourg

In value terms, technical textiles production declined markedly to $X in 2021 estimated in export price. Overall, production continues to indicate a abrupt decline. The pace of growth was the most pronounced in 2016 with an increase of 8%. Technical textiles production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Technical Textiles Exports

Exports from Luxembourg

In 2021, the amount of textile products and articles for technical uses exported from Luxembourg contracted significantly to X tons, declining by -48.3% against the previous year. Overall, exports, however, recorded a buoyant increase. The growth pace was the most rapid in 2020 when exports increased by 318% against the previous year. As a result, the exports reached the peak of X tons, and then contracted markedly in the following year.

In value terms, technical textiles exports dropped sharply to $X in 2021. In general, total exports indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +21.5% against 2017 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 53% against the previous year. The exports peaked at $X in 2020, and then shrank remarkably in the following year.

Exports by Country

Russia (X tons), India (X tons) and France (X tons) were the main destinations of technical textiles exports from Luxembourg, with a combined 63% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Russia (with a CAGR of +203.0%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X) remains the key foreign market for textile products and articles for technical uses exports from Luxembourg, comprising 43% of total exports. The second position in the ranking was held by Belgium ($X), with an 18% share of total exports. It was followed by Russia, with an 8.9% share.

From 2012 to 2021, the average annual growth rate of value to France amounted to -1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+17.1% per year) and Russia (+187.5% per year).

Export Prices by Country

The average technical textiles export price stood at $X per ton in 2021, surging by 39% against the previous year. In general, the export price, however, saw a perceptible curtailment. The pace of growth was the most pronounced in 2017 when the average export price increased by 222%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.

Technical Textiles Imports

Imports into Luxembourg

In 2021, imports of textile products and articles for technical uses into Luxembourg rose notably to X tons, growing by 8.9% compared with 2020. The total import volume increased at an average annual rate of +2.9% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when imports increased by 23%. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, technical textiles imports rose significantly to $X in 2021. In general, total imports indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +3.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -16.6% against 2018 indices. The pace of growth was the most pronounced in 2018 with an increase of 37% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Germany (X tons), Belgium (X tons) and France (X tons) were the main suppliers of technical textiles imports to Luxembourg, with a combined 87% share of total imports. Austria, the Netherlands, the Czech Republic and the United States lagged somewhat behind, together comprising a further 11%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of +55.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest technical textiles suppliers to Luxembourg were Germany ($X), Belgium ($X) and France ($X), together accounting for 84% of total imports. The Czech Republic, the Netherlands, Austria and the United States lagged somewhat behind, together comprising a further 12%.

In terms of the main suppliers, Austria, with a CAGR of +27.3%, saw 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

The average technical textiles import price stood at $X per ton in 2021, with an increase of 4.9% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 47%. Over the period under review, average import prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+16.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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