Luxembourg: Cereal Germ Market 2024

Cereal Germ Market Size in Luxembourg

The Luxembourg cereal germ market declined modestly to $X in 2021, which is down by -2.3% against the previous year. Overall, the total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -11.3% against 2016 indices. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Cereal Germ Production in Luxembourg

In value terms, cereal germ production rose to $X in 2021 estimated in export price. In general, production, however, enjoyed a strong increase. The pace of growth appeared the most rapid in 2016 with an increase of 87% against the previous year. Cereal germ production peaked at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Cereal Germ Exports

Exports from Luxembourg

In 2021, approx. X tons of cereal germ were exported from Luxembourg; which is down by -37.9% against the previous year. Over the period under review, exports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 1,033% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, cereal germ exports contracted notably to $X in 2021. Overall, exports, however, enjoyed a remarkable increase. The growth pace was the most rapid in 2016 when exports increased by 1,044% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

France (X tons) was the main destination for cereal germ exports from Luxembourg, with a 96% share of total exports. Moreover, cereal germ exports to France exceeded the volume sent to the second major destination, Germany (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to France amounted to +37.0%.

In value terms, France ($X) remains the key foreign market for cereal germ exports from Luxembourg, comprising 95% of total exports. The second position in the ranking was taken by Germany ($X), with a 2.8% share of total exports.

From 2012 to 2021, the average annual growth rate of value to France totaled +36.5%.

Export Prices by Country

In 2021, the average cereal germ export price amounted to $X per ton, surging by 6.2% against the previous year. In general, the export price enjoyed a moderate expansion. The most prominent rate of growth was recorded in 2013 when the average export price increased by 112%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Germany stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+0.9%).

Cereal Germ Imports

Imports into Luxembourg

In 2021, overseas purchases of cereal germ decreased by -53.5% to X tons for the first time since 2017, thus ending a three-year rising trend. In general, imports faced a deep reduction. The most prominent rate of growth was recorded in 2019 when imports increased by 123% against the previous year. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, cereal germ imports plummeted to $X in 2021. Overall, imports showed a deep reduction. The most prominent rate of growth was recorded in 2013 when imports increased by 24%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, France (X tons) constituted the largest cereal germ supplier to Luxembourg, with a 82% share of total imports. Moreover, cereal germ imports from France exceeded the figures recorded by the second-largest supplier, Germany (X tons), fivefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from France totaled +16.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-26.3% per year) and Belgium (-11.5% per year).

In value terms, Germany ($X), France ($X) and Belgium ($X) appeared to be the largest cereal germ suppliers to Luxembourg, together comprising 98% of total imports.

France, with a CAGR of +10.3%, saw 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 a decline.

Import Prices by Country

The average cereal germ import price stood at $X per ton in 2021, surging by 72% against the previous year. In general, the import price, however, saw a abrupt curtailment. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+2.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :