Luxembourg: Market for Flaked or Rolled Cereals 2024

Market Size for Flaked or Rolled Cereals in Luxembourg

The Luxembourg flaked or rolled cereal market contracted to $X in 2022, declining by -5.4% against the previous year. Overall, consumption saw a resilient increase. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Flaked or Rolled Cereals in Luxembourg

In value terms, flaked or rolled cereal production totaled $X in 2022 estimated in export price. In general, production enjoyed a buoyant expansion. The growth pace was the most rapid in 2014 with an increase of 101% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Flaked or Rolled Cereals

Exports from Luxembourg

In 2022, shipments abroad of flaked or rolled cereals increased by 18% to X tons, rising for the fourth consecutive year after two years of decline. Over the period under review, exports enjoyed a moderate expansion. The growth pace was the most rapid in 2015 with an increase of 82% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, flaked or rolled cereal exports dropped to $X in 2022. Overall, total exports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -15.2% against 2020 indices. The pace of growth appeared the most rapid in 2015 when exports increased by 45% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Belgium (X tons) was the main destination for flaked or rolled cereal exports from Luxembourg, with a 92% share of total exports. Moreover, flaked or rolled cereal exports to Belgium exceeded the volume sent to the second major destination, Germany (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Belgium stood at +3.6%.

In value terms, Belgium ($X) remains the key foreign market for flaked or rolled cereals exports from Luxembourg, comprising 95% of total exports. The second position in the ranking was held by Germany ($X), with a 4.2% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Belgium stood at +4.1%.

Export Prices by Country

In 2022, the average flaked or rolled cereal export price amounted to $X per ton, with a decrease of -15.9% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 48%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Germany totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+0.5%).

Imports of Flaked or Rolled Cereals

Imports into Luxembourg

After three years of decline, overseas purchases of flaked or rolled cereals increased by 32% to X tons in 2022. Overall, imports, however, recorded a slight setback. The most prominent rate of growth was recorded in 2013 when imports increased by 76% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, flaked or rolled cereal imports shrank modestly to $X in 2022. Over the period under review, total imports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. 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 110%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Germany (X tons), Belgium (X tons) and France (X tons) were the main suppliers of flaked or rolled cereal imports to Luxembourg, with a combined 96% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +14.0%), while purchases for the other leaders experienced a decline.

In value terms, the largest flaked or rolled cereal suppliers to Luxembourg were Germany ($X), Belgium ($X) and France ($X), with a combined 92% share of total imports.

Among the main suppliers, Germany, with a CAGR of +12.2%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average flaked or rolled cereal import price amounted to $X per ton, waning by -27.2% against the previous year. Over the period under review, the import price, however, posted a buoyant expansion. The pace of growth was the most pronounced in 2014 when the average import price increased by 52% against the previous year. The import price peaked at $X per ton in 2021, and then shrank remarkably in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :