Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Luxembourg - 2023
Contents:
- Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Luxembourg (CIF) - 2023
- Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Luxembourg (FOB) - 2022
- Imports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Luxembourg
- Exports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Luxembourg
Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Luxembourg (CIF) - 2023
The average import price for articles of apparel and clothing accessories, of leather or of composition leather stood at $29.7 per unit in November 2023, reducing by -22.9% against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in August 2023 when the average import price increased by 48% month-to-month. The import price peaked at $38.5 per unit in October 2023, and then shrank significantly in the following month.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Italy ($75.5 per unit), while the price for the Netherlands ($15.0 per unit) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Germany (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Luxembourg (FOB) - 2022
The average export price for articles of apparel and clothing accessories, of leather or of composition leather stood at $33 per unit in 2022, picking up by 53% against the previous year. Overall, export price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +8.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for articles of apparel and clothing accessories, of leather or of composition leather increased by +94.1% against 2019 indices. The pace of growth appeared the most rapid in 2013 an increase of 54%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($219 per unit), while the average price for exports to Belgium ($10 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 Germany (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Luxembourg
In 2022, the amount of articles of apparel and clothing accessories, of leather or of composition leather imported into Luxembourg skyrocketed to 296K units, picking up by 19% compared with 2021. The total import volume increased at an average annual rate of +4.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of articles of apparel and clothing accessories, of leather or of composition leather rose modestly to $7.2M in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 6.7% against the previous year. Over the period under review, imports of hit record highs at $7.4M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 1,342 | 2,240 | 1,770 | 2,213 | 18.1% |
| Germany | 1,078 | 1,267 | 1,450 | 1,350 | 7.8% |
| Belgium | 643 | 1,300 | 1,420 | 1,324 | 27.2% |
| Italy | 1,001 | 707 | 908 | 922 | -2.7% |
| Netherlands | 260 | 393 | 491 | 421 | 17.4% |
| Spain | 657 | 295 | 507 | 375 | -17.0% |
| China | 365 | 21.4 | 20.4 | 6.9 | -73.4% |
| Others | 2,053 | 426 | 529 | 618 | -33.0% |
| Total | 7,400 | 6,649 | 7,096 | 7,230 | -0.8% |
Top Suppliers of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather to Luxembourg in 2022:
- Belgium (87.5K units)
- Germany (74.9K units)
- France (68.0K units)
- Netherlands (37.8K units)
- Italy (8.9K units)
- Spain (5.8K units)
- China (0.3K units)
Exports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Luxembourg
In 2022, approx. 54K units of articles of apparel and clothing accessories, of leather or of composition leather were exported from Luxembourg; rising by 5.3% compared with the previous year's figure. The total export volume increased at an average annual rate of +7.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 33% against the previous year. As a result, the exports attained the peak of 57K units. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of articles of apparel and clothing accessories, of leather or of composition leather soared to $1.8M in 2022. In general, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 8.1 | 70.3 | 57.6 | 559 | 310.2% |
| France | 216 | 249 | 330 | 314 | 13.3% |
| Belgium | 262 | 459 | 260 | 274 | 1.5% |
| Hong Kong SAR | 21.0 | 62.3 | 117 | 267 | 133.4% |
| Germany | 54.2 | 83.5 | 102 | 73.8 | 10.8% |
| Azerbaijan | N/A | 0.7 | 0.5 | 48.9 | 735.8% |
| China | 47.1 | 5.7 | 9.9 | 1.3 | -69.8% |
| Others | 118 | 168 | 221 | 237 | 26.2% |
| Total | 727 | 1,098 | 1,098 | 1,773 | 34.6% |
Top Export Markets for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather from Luxembourg in 2022:
- Belgium (27.4K units)
- France (16.2K units)
- Japan (2.5K units)
- Azerbaijan (1.4K units)
- Hong Kong SAR (1.3K units)
- Germany (1.1K units)
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