Luxembourg: Flax Fabric Market 2024

Flax Fabric Market Size in Luxembourg

For the eleventh consecutive year, the Luxembourg flax fabric market recorded growth in sales value, which increased by 45% to $X in 2022. In general, consumption, however, showed a significant expansion. Flax fabric consumption peaked in 2022 and is expected to retain growth in the near future.

Flax Fabric Production in Luxembourg

In value terms, flax fabric production soared to $X in 2022 estimated in export price. In general, production faced a abrupt contraction. Flax fabric production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Flax Fabric Exports

Exports from Luxembourg

In 2022, after four years of growth, there was significant decline in shipments abroad of woven fabrics of flax, when their volume decreased by -68.3% to X kg. Over the period under review, exports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 40,233%. As a result, the exports attained the peak of X tons, and then declined notably in the following year.

In value terms, flax fabric exports reduced dramatically to $X in 2022. In general, exports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 56,057% against the previous year. As a result, the exports reached the peak of $X, and then reduced sharply in the following year.

Exports by Country

Denmark (X kg) was the main destination for flax fabric exports from Luxembourg, accounting for a 70% share of total exports. Moreover, flax fabric exports to Denmark exceeded the volume sent to the second major destination, the Netherlands (X kg), fourfold.

From 2020 to 2022, the average annual growth rate of volume to Denmark was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+730.7% per year) and Belgium (0.0% per year).

In value terms, Denmark ($X) emerged as the key foreign market for woven fabrics of flax exports from Luxembourg, comprising 81% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 12% share of total exports.

From 2020 to 2022, the average annual growth rate of value to Denmark was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+4,426.6% per year) and Belgium (0.0% per year).

Export Prices by Country

In 2022, the average flax fabric export price amounted to $X per ton, with an increase of 54% against the previous year. In general, the export price continues to indicate significant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+444.9%).

Flax Fabric Imports

Imports into Luxembourg

In 2022, supplies from abroad of woven fabrics of flax decreased by -28% to X tons for the first time since 2011, thus ending a ten-year rising trend. Over the period under review, imports showed a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 19%. As a result, imports reached the peak of X tons, and then declined notably in the following year.

In value terms, flax fabric imports fell notably to $X in 2022. In general, total imports indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 51%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Spain (X tons), Belgium (X kg) and France (X kg) were the main suppliers of flax fabric imports to Luxembourg, together comprising 43% of total imports. Germany, Italy, the UK and Switzerland lagged somewhat behind, together accounting for a further 22%.

From 2020 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +99.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Germany ($X) and France ($X) constituted the largest flax fabric suppliers to Luxembourg, together accounting for 45% of total imports.

Germany, with a CAGR of +116.5%, recorded the highest rates of growth with regard to the value of imports, among 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 flax fabric import price amounted to $X per ton, picking up by 7.4% against the previous year. Over the period from 2020 to 2022, it increased at an average annual rate of +2.9%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+34.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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