Luxembourg: Woolen Yarn Market 2025

Woolen Yarn Market Size in Luxembourg

In 2021, the Luxembourg woolen yarn market increased by 61% to $X, rising for the second consecutive year after three years of decline. In general, consumption, however, showed a mild reduction. Over the period under review, the market reached the peak level at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Woolen Yarn Production in Luxembourg

In value terms, woolen yarn production soared to $X in 2021 estimated in export price. Overall, production, however, saw a slight decline. The most prominent rate of growth was recorded in 2016 with an increase of 75%. Woolen yarn production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Woolen Yarn Exports

Exports from Luxembourg

In 2021, after two years of decline, there was significant growth in shipments abroad of yarn of wool, when their volume increased by 50% to X kg. In general, exports, however, recorded a precipitous curtailment. The most prominent rate of growth was recorded in 2015 with an increase of 7,788%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, woolen yarn exports skyrocketed to $X in 2021. Overall, exports, however, saw a dramatic decline. The most prominent rate of growth was recorded in 2015 with an increase of 4,521%. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Canada (X kg) and Belgium (X kg) were the main destinations of woolen yarn exports from Luxembourg. Moreover, woolen yarn exports in Canada exceeded the figures recorded by the second-largest exporter, Belgium, twofold.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Canada (with a CAGR of +12.2%).

In value terms, Canada ($X) emerged as the key foreign market for yarn of wool exports from Luxembourg, comprising 90% of total exports. The second position in the ranking was taken by Belgium ($X), with a 9.9% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Canada stood at +27.7%.

Export Prices by Country

The average woolen yarn export price stood at $X per ton in 2021, with an increase of 77% against the previous year. In general, the export price, however, showed a abrupt decrease. The pace of growth appeared the most rapid in 2020 an increase of 481%. 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.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Belgium amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+13.8%), while the prices for the other major destinations experienced mixed trend patterns.

Woolen Yarn Imports

Imports into Luxembourg

In 2021, purchases abroad of yarn of wool increased by 34% to X tons, rising for the third year in a row after four years of decline. Over the period under review, imports continue to indicate a mild increase. The pace of growth appeared the most rapid in 2014 with an increase of 124%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, woolen yarn imports totaled $X in 2021. Overall, total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +54.2% against 2018 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 67%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of woolen yarn to Luxembourg, with a 79% share of total imports. Moreover, woolen yarn imports from Germany exceeded the figures recorded by the second-largest supplier, the UK (X kg), more than tenfold. The third position in this ranking was taken by the Netherlands (X kg), with a 5.1% share.

From 2012 to 2021, the average annual growth rate of volume from Germany stood at +37.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+19.2% per year) and the Netherlands (+18.2% per year).

In value terms, Germany ($X) constituted the largest supplier of yarn of wool to Luxembourg, comprising 61% of total imports. The second position in the ranking was taken by the UK ($X), with an 8.8% share of total imports. It was followed by Belgium, with an 8.1% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled +31.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+24.9% per year) and Belgium (+45.1% per year).

Import Prices by Country

In 2021, the average woolen yarn import price amounted to $X per ton, reducing by -17.9% against the previous year. In general, the import price, however, showed resilient growth. The growth pace was the most rapid in 2017 an increase of 173%. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+20.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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