Luxembourg: Cheese And Curd Market 2024

Cheese And Curd Market Size in Luxembourg

In 2022, after three years of growth, there was significant decline in the Luxembourg cheese and curd market, when its value decreased by -9% to $X. Over the period under review, the total consumption indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +47.6% against 2015 indices. Over the period under review, the market hit record highs at $X in 2021, and then contracted in the following year.

Cheese And Curd Exports

Exports from Luxembourg

In 2022, shipments abroad of cheese and curd increased by 33% to X tons, rising for the second consecutive year after two years of decline. Overall, exports saw a relatively flat trend pattern. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, cheese and curd exports soared to $X in 2022. Over the period under review, total exports indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +68.7% against 2020 indices. The pace of growth was the most pronounced in 2014 when exports increased by 34% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for cheese and curd exports from Luxembourg, with a 69% share of total exports. Moreover, cheese and curd exports to Germany exceeded the volume sent to the second major destination, Belgium (X tons), more than tenfold. Romania (X tons) ranked third in terms of total exports with a 2.8% share.

From 2012 to 2022, the average annual growth rate of volume to Germany totaled -2.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+15.7% per year) and Romania (+33.8% per year).

In value terms, Germany ($X) remains the key foreign market for cheese and curd exports from Luxembourg, comprising 75% of total exports. The second position in the ranking was held by Belgium ($X), with a 3.8% share of total exports. It was followed by Poland, with a 2.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+11.6% per year) and Poland (+15.5% per year).

Export Prices by Country

In 2022, the average cheese and curd export price amounted to $X per ton, remaining constant against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2014 when the average export price increased by 28%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.

Cheese And Curd Imports

Imports into Luxembourg

In 2022, purchases abroad of cheese and curd increased by 23% to X tons, rising for the second consecutive year after two years of decline. Overall, imports continue to indicate a modest expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, cheese and curd imports soared to $X in 2022. The total import value increased at an average annual rate of +1.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, France (X tons) constituted the largest cheese and curd supplier to Luxembourg, accounting for a 65% share of total imports. Moreover, cheese and curd imports from France exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. Belgium (X tons) ranked third in terms of total imports with a 7.5% share.

From 2012 to 2022, the average annual growth rate of volume from France was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+3.4% per year) and Belgium (+2.5% per year).

In value terms, France ($X) constituted the largest supplier of cheese and curd to Luxembourg, comprising 65% of total imports. The second position in the ranking was held by Italy ($X), with an 18% share of total imports. It was followed by Belgium, with an 8.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from France stood at +1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+4.0% per year) and Belgium (+2.1% per year).

Import Prices by Country

In 2022, the average cheese and curd import price amounted to $X per ton, shrinking by -1.8% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average import price increased by 7.4% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Poland ($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 Czech Republic (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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