Luxembourg: Walking-Sticks And Whips Market 2024

Walking-Sticks And Whips Market Size in Luxembourg

In 2021, the Luxembourg walking-sticks and whips market increased by 19% to $X, rising for the second year in a row after three years of decline. Over the period under review, consumption enjoyed prominent growth. Walking-sticks and whips consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Walking-Sticks And Whips Production in Luxembourg

In value terms, walking-sticks and whips production dropped slightly to $X in 2021 estimated in export price. Overall, production, however, saw significant growth. The most prominent rate of growth was recorded in 2013 when the production volume increased by 1,342% against the previous year. Walking-sticks and whips production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Walking-Sticks And Whips Exports

Exports from Luxembourg

In 2021, the amount of walking-sticks, seat-sticks, whips and riding-crops exported from Luxembourg contracted remarkably to X kg, dropping by -58.2% on the year before. Overall, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 3,900% against the previous year. Over the period under review, the exports reached the maximum at X kg in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, walking-sticks and whips exports dropped dramatically to $X in 2021. In general, exports, however, saw a buoyant expansion. The pace of growth was the most pronounced in 2018 with an increase of 1,434% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Belgium (X kg) was the main destination for walking-sticks and whips exports from Luxembourg, with a 89% share of total exports. Moreover, walking-sticks and whips exports to Belgium exceeded the volume sent to the second major destination, Oman (X kg), more than tenfold. France (X kg) ranked third in terms of total exports with a 3.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Belgium amounted to +47.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (0.0% per year) and France (-5.5% per year).

In value terms, Belgium ($X) remains the key foreign market for walking-sticks and whips exports from Luxembourg, comprising 61% of total exports. The second position in the ranking was held by France ($X), with a 27% share of total exports. It was followed by Germany, with a 5.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Belgium stood at +32.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+4.3% per year) and Germany (+22.9% per year).

Export Prices by Country

The average walking-sticks and whips export price stood at $X per ton in 2021, growing by 23% against the previous year. Over the period under review, the export price, however, saw a sharp reduction. The pace of growth was the most pronounced in 2015 when the average export price increased by 60%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was France ($X per ton), while the average price for exports to Belgium ($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 France (+11.0%), while the prices for the other major destinations experienced mixed trend patterns.

Walking-Sticks And Whips Imports

Imports into Luxembourg

In 2021, imports of walking-sticks, seat-sticks, whips and riding-crops into Luxembourg stood at X tons, surging by 3% on 2020 figures. Over the period under review, imports showed a resilient expansion. The growth pace was the most rapid in 2016 when imports increased by 279% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, walking-sticks and whips imports soared to $X in 2021. In general, imports recorded a strong increase. The pace of growth appeared the most rapid in 2016 when imports increased by 131%. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Belgium (X tons), Germany (X kg) and Poland (X kg) were the main suppliers of walking-sticks and whips imports to Luxembourg, with a combined 77% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +118.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of walking-sticks and whips to Luxembourg, comprising 47% of total imports. The second position in the ranking was taken by Belgium ($X), with a 23% share of total imports. It was followed by France, with a 9.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at +19.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+31.9% per year) and France (+41.4% per year).

Import Prices by Country

In 2021, the average walking-sticks and whips import price amounted to $X per ton, increasing by 25% against the previous year. In general, import price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +7.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 an increase of 94%. Over the period under review, average import prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for Spain ($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 Netherlands (+16.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :