Luxembourg: Umbrella Market 2025

Umbrella Market Size in Luxembourg

After five years of growth, the Luxembourg umbrella market decreased by -23.1% to $X in 2022. In general, consumption showed a pronounced curtailment. As a result, consumption reached the peak level of $X, and then contracted significantly in the following year.

Umbrella Exports

Exports from Luxembourg

In 2022, after two years of growth, there was significant decline in overseas shipments of umbrellas, when their volume decreased by -31.6% to X units. Overall, exports, however, posted resilient growth. The most prominent rate of growth was recorded in 2016 with an increase of 123%. Over the period under review, the exports hit record highs at X units in 2021, and then shrank sharply in the following year.

In value terms, umbrella exports skyrocketed to $X in 2022. In general, exports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2018 when exports increased by 118% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.

Exports by Country

Belgium (X units), France (X units) and Japan (X units) were the main destinations of umbrella exports from Luxembourg, together accounting for 92% of total exports.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of +114.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X) emerged as the key foreign market for umbrellas exports from Luxembourg, comprising 53% of total exports. The second position in the ranking was held by Belgium ($X), with a 26% share of total exports. It was followed by Japan, with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of value to France amounted to +12.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-4.4% per year) and Japan (+126.3% per year).

Export Prices by Country

In 2022, the average umbrella export price amounted to $X per unit, picking up by 69% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The export price peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Switzerland ($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 France (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.

Umbrella Imports

Imports into Luxembourg

In 2022, umbrella imports into Luxembourg fell markedly to X units, reducing by -26% on the year before. Overall, imports recorded a deep reduction. The growth pace was the most rapid in 2021 with an increase of 31% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, umbrella imports contracted notably to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 26% against the previous year. As a result, imports reached the peak of $X, and then fell rapidly in the following year.

Imports by Country

In 2022, China (X units) constituted the largest umbrella supplier to Luxembourg, accounting for a 40% share of total imports. Moreover, umbrella imports from China exceeded the figures recorded by the second-largest supplier, Belgium (X units), threefold. Germany (X units) ranked third in terms of total imports with a 9.5% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to -5.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-8.2% per year) and Germany (-1.5% per year).

In value terms, China ($X), Germany ($X) and Belgium ($X) constituted the largest umbrella suppliers to Luxembourg, with a combined 64% share of total imports. Austria, France, the Netherlands, Italy and India lagged somewhat behind, together comprising a further 23%.

Among the main suppliers, Austria, with a CAGR of +25.9%, 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

In 2022, the average umbrella import price amounted to $X per unit, surging by 4.2% against the previous year. In general, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, umbrella import price increased by +27.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 an increase of 27% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see steady growth in the near future.

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 Germany ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform