Luxembourg: Bracelet Market 2024

Bracelet Market Size in Luxembourg

In 2022, after two years of growth, there was significant decline in the Luxembourg bracelet market, when its value decreased by -6.1% to $X. Over the period under review, consumption recorded significant growth. Over the period under review, the market attained the peak level at $X in 2021, and then declined in the following year.

Bracelet Production in Luxembourg

In value terms, bracelet production surged to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a abrupt downturn. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Bracelet Exports

Exports from Luxembourg

In 2022, overseas shipments of watch straps, bands and bracelets decreased by -95.2% to X units, falling for the second consecutive year after three years of growth. In general, exports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2020 when exports increased by 1,091%. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, bracelet exports contracted sharply to $X in 2022. Over the period under review, exports faced a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when exports increased by 1,970% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

The Netherlands (X units) was the main destination for bracelet exports from Luxembourg, with a 68% share of total exports. Moreover, bracelet exports to the Netherlands exceeded the volume sent to the second major destination, France (X units), fourfold. The United Arab Emirates (X units) ranked third in terms of total exports with a 6.1% share.

From 2012 to 2022, the average annual growth rate of volume to the Netherlands amounted to +43.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+67.8% per year) and the United Arab Emirates (+112.4% per year).

In value terms, the Netherlands ($X) emerged as the key foreign market for watch straps, bands and bracelets exports from Luxembourg, comprising 43% of total exports. The second position in the ranking was taken by France ($X), with an 18% share of total exports. It was followed by the United Arab Emirates, with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Netherlands amounted to +32.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+70.9% per year) and the United Arab Emirates (+23.0% per year).

Export Prices by Country

The average bracelet export price stood at $X per unit in 2022, growing by 33% against the previous year. In general, the export price, however, continues to indicate a mild reduction. The most prominent rate of growth was recorded in 2018 an increase of 325% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to the Netherlands ($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 Switzerland (+16.4%), while the prices for the other major destinations experienced mixed trend patterns.

Bracelet Imports

Imports into Luxembourg

Bracelet imports into Luxembourg plummeted to X units in 2022, reducing by -39.4% compared with 2021 figures. In general, imports, however, saw a moderate increase. The pace of growth was the most pronounced in 2020 with an increase of 286% against the previous year. As a result, imports reached the peak of X units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, bracelet imports dropped sharply to $X in 2022. Over the period under review, imports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 144%. Over the period under review, imports attained the peak figure at $X in 2021, and then fell dramatically in the following year.

Imports by Country

Belgium (X units), China (X units) and France (X units) were the main suppliers of bracelet imports to Luxembourg, together accounting for 77% of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +28.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), China ($X) and France ($X) appeared to be the largest bracelet suppliers to Luxembourg, with a combined 68% share of total imports.

China, with a CAGR of +41.9%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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 bracelet import price amounted to $X per unit, with a decrease of -13.8% against the previous year. Overall, the import price, however, posted a perceptible increase. The most prominent rate of growth was recorded in 2018 when the average import price increased by 121% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, 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 the Netherlands ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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