Price for Embroidery; in the Piece, in Strips or in Motifs in Luxembourg - 2023

Contents:

1. Price for Embroidery; in the Piece, in Strips or in Motifs in Luxembourg (CIF) - 2022
2. Price for Embroidery; in the Piece, in Strips or in Motifs in Luxembourg (FOB) - 2022
3. Imports of Embroidery; in the Piece, in Strips or in Motifs in Luxembourg
4. Exports of Embroidery; in the Piece, in Strips or in Motifs in Luxembourg

Price for Embroidery; in the Piece, in Strips or in Motifs in Luxembourg (CIF) - 2022

In 2022, the average import price for embroidery; in the piece, in strips or in motifses amounted to $24,225 per ton, which is down by -15.4% against the previous year. Overall, the import price showed a deep reduction. The pace of growth was the most pronounced in 2018 an increase of 759% against the previous year. Over the period under review, average import prices hit record highs at $84,068 per ton in 2014; however, from 2015 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 India ($45,057 per ton), while the price for China ($14,984 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-1.1%), while the prices for the other major suppliers experienced a decline.

Price for Embroidery; in the Piece, in Strips or in Motifs in Luxembourg (FOB) - 2022

In 2022, the average export price for embroidery; in the piece, in strips or in motifses amounted to $181,443 per ton, growing by 17% against the previous year. In general, the export price enjoyed a buoyant increase. The growth pace was the most rapid in 2020 when the average export price increased by 570%. As a result, the export price attained the peak level of $376,601 per ton. From 2021 to 2022, the average export prices failed to regain momentum.

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 Australia ($268,500 per ton), while the average price for exports to the United States ($128,750 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+35.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Embroidery; in the Piece, in Strips or in Motifs in Luxembourg

For the fourth year in a row, Luxembourg recorded growth in purchases abroad of embroidery; in the piece, in strips or in motifses, which increased by 23% to 9.4 tons in 2022. Over the period under review, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +22.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +83.6% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 47%. Over the period under review, imports of embroidery; in piece, in strips or in motifses reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of embroidery; in the piece, in strips or in motifses stood at $227K in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +10.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -16.7% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 61% against the previous year. As a result, imports attained the peak of $273K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Top Suppliers of Embroidery; in the Piece, in Strips or in Motifs to Luxembourg in 2022:

1. Germany (5.6 tons)
2. France (1.8 tons)
3. Belgium (1.1 tons)
4. India (0.5 tons)
5. China (0.1 tons)

Exports of Embroidery; in the Piece, in Strips or in Motifs in Luxembourg

For the third consecutive year, Luxembourg recorded decline in overseas shipments of embroidery; in the piece, in strips or in motifses, which decreased by -30.7% to 79 kg in 2022. In general, exports continue to indicate a dramatic decline. The smallest decline of -11.1% was in 2020.

In value terms, exports of embroidery; in the piece, in strips or in motifses shrank dramatically to $14K in 2022. Over the period under review, exports, however, continue to indicate strong growth. The pace of growth appeared the most rapid in 2020 when exports increased by 496% against the previous year. As a result, the exports attained the peak of $73K. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Top Export Markets for Embroidery; in the Piece, in Strips or in Motifs from Luxembourg in 2022:

1. Belgium (68.0 kg)
2. United States (8.0 kg)
3. Australia (2.0 kg)

Source: IndexBox Market Intelligence Platform