Luxembourg: Jewelry Market 2022

Jewelry Market Size in Luxembourg

The Luxembourg jewelry market soared to $X in 2021, growing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate significant growth. Over the period under review, the market hit record highs in 2021 and is likely to continue growth in years to come.

Jewelry Exports

Exports from Luxembourg

In 2021, the amount of jewelry exported from Luxembourg fell to X tons, dropping by -X% on the previous year's figure. In general, exports continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, jewelry exports skyrocketed to $X in 2021. Over the period under review, exports saw a pronounced contraction. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Belgium (X tons), the Netherlands (X kg) and Germany (X kg) were the main destinations of jewelry exports from Luxembourg, together accounting for X% of total exports. France, Sweden, Denmark and Slovakia lagged somewhat behind, together accounting for a further X 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sweden (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), the Netherlands ($X) and Sweden ($X) appeared to be the largest markets for jewelry exported from Luxembourg worldwide, together accounting for X% of total exports. France, Germany, Denmark and Slovakia lagged somewhat behind, together accounting for a further X the main countries of destination, Denmark, with a CAGR of +X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average jewelry export price stood at $X per kg in 2021, with an increase of X% against the previous year. In general, the export price recorded a prominent increase. The most prominent rate of growth was recorded in 2014 an increase of X%. Over the period under review, the average export prices attained the peak figure at $X per kg in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was the Netherlands ($X per kg), while the average price for exports to Slovakia ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Jewelry Imports

Imports into Luxembourg

In 2021, imports of jewelry into Luxembourg soared to X tons, growing by X% against the year before. The total import volume increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, jewelry imports soared to $X in 2021. Overall, total imports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the near future.

Imports by Country

Belgium (X tons), France (X tons) and Germany (X tons) were the main suppliers of jewelry imports to Luxembourg, with a combined X% share of total imports. These countries were followed by Italy, the Netherlands, the UK and Austria, which together accounted for a further X 2012 to 2021, the biggest increases were in Austria (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest jewelry suppliers to Luxembourg were France ($X), Belgium ($X) and Germany ($X), together comprising X% of total imports. The Netherlands, Italy, Austria and the UK lagged somewhat behind, together accounting for a further X, with a CAGR of +X%, 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

The average jewelry import price stood at $X per kg in 2021, remaining relatively unchanged against the previous year. Over the last nine-year period, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2013 when the average import price increased by X% against the previous year. The import price peaked at $X per kg in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably countryorigin: the country with the highest price was the Netherlands ($X per kg), while the price for the UK ($X per kg) was amongst the lowest.

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

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