Luxembourg: Textile Wadding Market 2024

Textile Wadding Market Size in Luxembourg

After six years of growth, the Luxembourg textile wadding market decreased by -4.2% to $X in 2022. In general, consumption posted a prominent increase. Textile wadding consumption peaked at $X in 2021, and then reduced slightly in the following year.

Textile Wadding Production in Luxembourg

In value terms, textile wadding production plummeted to $X in 2022 estimated in export price. Overall, production showed a abrupt decrease. The growth pace was the most rapid in 2019 with an increase of 133% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Textile Wadding Exports

Exports from Luxembourg

Textile wadding exports from Luxembourg dropped markedly to X tons in 2022, declining by -19.4% on the year before. Over the period under review, exports recorded a deep slump. The most prominent rate of growth was recorded in 2020 when exports increased by 24%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, textile wadding exports rose markedly to $X in 2022. Overall, exports, however, enjoyed a remarkable increase. The growth pace was the most rapid in 2020 when exports increased by 168% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Spain (X tons), Italy (X tons) and France (X tons) were the main destinations of textile wadding exports from Luxembourg, with a combined 90% share of total exports.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +114.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Italy ($X) and France ($X) constituted the largest markets for textile wadding exported from Luxembourg worldwide, with a combined 95% share of total exports.

In terms of the main countries of destination, Spain, with a CAGR of +153.0%, 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

In 2022, the average textile wadding export price amounted to $X per ton, picking up by 36% against the previous year. Overall, the export price saw a significant increase. The most prominent rate of growth was recorded in 2021 an increase of 239% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+22.8%), while the prices for the other major destinations experienced more modest paces of growth.

Textile Wadding Imports

Imports into Luxembourg

In 2022, the amount of wadding of textile materials and articles thereof imported into Luxembourg rose modestly to X tons, picking up by 4.9% against the previous year. In general, imports showed noticeable growth. The pace of growth was the most pronounced in 2020 with an increase of 164%. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, textile wadding imports shrank to $X in 2022. Over the period under review, imports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2020 with an increase of 170% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Lithuania (X tons) constituted the largest supplier of textile wadding to Luxembourg, accounting for a 48% share of total imports. Moreover, textile wadding imports from Lithuania exceeded the figures recorded by the second-largest supplier, Hungary (X tons), twofold. The third position in this ranking was held by France (X tons), with an 18% share.

From 2012 to 2022, the average annual growth rate of volume from Lithuania amounted to +70.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+15.5% per year) and France (-4.7% per year).

In value terms, Lithuania ($X) constituted the largest supplier of wadding of textile materials and articles thereof to Luxembourg, comprising 51% of total imports. The second position in the ranking was taken by Hungary ($X), with a 21% share of total imports. It was followed by France, with a 15% share.

From 2012 to 2022, the average annual growth rate of value from Lithuania amounted to +60.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+12.9% per year) and France (-1.6% per year).

Import Prices by Country

In 2022, the average textile wadding import price amounted to $X per ton, falling by -11.1% against the previous year. Overall, import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, textile wadding import price decreased by -18.6% against 2020 indices. The growth pace was the most rapid in 2015 an increase of 40%. Over the period under review, average import prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the Netherlands ($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 (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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