Key Market Indicators
Luxembourg’s import of clothing accessories is projected to decline, reaching approximately $329,000 by 2028 from its current figure of around $342,000 in 2023. This represents an average annual decrease of 0.6%. Historically, since 2004, the nation's demand for these imports has grown at an average rate of 0.6% per year. Conversely, Luxembourg’s exports of clothing accessories are expected to see a more significant drop. By 2028, exports are estimated to fall to roughly $1,200 from $3,800 in 2023, marking an average annual decline of 18.5%. Since 2004, Luxembourg’s supply has decreased annually by an average of 8.7%. In 2023, Luxembourg ranked 43rd in clothing accessories exports, with Norway taking the lead at $3,800. The Netherlands, Malaysia, and Italy followed, ranking second, third, and fourth, respectively.
