U.S. Still the Biggest Spender During The Christmas Season

Christmas involves the costs of trees, decorations, and gifts, and these expenses vary across nations, Greta Ruffino reported for Euronews Business.

The Christmas market has seen remarkable growth in decorations and related commodities.

The EU Christmas tree industry holds a value of €1.5 billion. According to Rory Young, Chair of the British Christmas Tree Growers Association, fir tree prices can vary significantly by location, ranging from approximately €29 to €75 for a 1.8-meter tree, marking a 7% cost increase.

Germany accounts for 25% of the 80 million natural Christmas tree production annually, followed by Denmark, Poland, and the UK.

The Christmas market has seen remarkable growth in decorations and related commodities. Last year, the US was the leading importer, bringing in over €3.5 billion worth.

The UK and the Netherlands were major buyers, spending €328 million and €226 million, respectively. In 2022, the Netherlands emerged as a significant global supplier, ranking second only to China, with Christmas decoration exports valued at €228 million.

In the UK, retail sales are projected to hit €100 billion, followed by Germany's estimate of €85 billion. Belgium is expected to spend €11.5 billion.

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