Luxembourg: Chocolate And Confectionery Market 2024

Chocolate And Confectionery Market Size in Luxembourg

The Luxembourg chocolate and confectionery market contracted to $X in 2022, declining by -11.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2021, and then shrank in the following year.

Chocolate And Confectionery Exports

Exports from Luxembourg

In 2022, shipments abroad of chocolate and confectionery increased by 9.1% to X tons, rising for the second consecutive year after two years of decline. In general, exports, however, saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 when exports increased by 62%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, chocolate and confectionery exports shrank to $X in 2022. Over the period under review, exports, however, recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2018 when exports increased by 94%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

France (X tons) was the main destination for chocolate and confectionery exports from Luxembourg, with a 63% share of total exports. Moreover, chocolate and confectionery exports to France exceeded the volume sent to the second major destination, Belgium (X tons), fivefold. Malaysia (X tons) ranked third in terms of total exports with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to France amounted to -7.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+5.6% per year) and Malaysia (+142.2% per year).

In value terms, France ($X) remains the key foreign market for chocolate and confectionery exports from Luxembourg, comprising 44% of total exports. The second position in the ranking was held by Malaysia ($X), with a 12% share of total exports. It was followed by Belgium, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to France stood at -11.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+154.5% per year) and Belgium (+4.9% per year).

Export Prices by Country

In 2022, the average chocolate and confectionery export price amounted to $X per ton, shrinking by -9.5% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 19%. Over the period under review, the average export prices reached the maximum at $X per ton in 2021, and then dropped in the following year.

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 Japan ($X per ton), while the average price for exports to the United Arab Emirates ($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 Malaysia (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.

Chocolate And Confectionery Imports

Imports into Luxembourg

Chocolate and confectionery imports into Luxembourg contracted to X tons in 2022, shrinking by -3.6% on the previous year. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 14%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, chocolate and confectionery imports fell to $X in 2022. Over the period under review, imports recorded a mild shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 18%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Belgium (X tons) constituted the largest supplier of chocolate and confectionery to Luxembourg, with a 46% share of total imports. Moreover, chocolate and confectionery imports from Belgium exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. France (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Belgium was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-3.7% per year) and France (-1.2% per year).

In value terms, Belgium ($X) constituted the largest supplier of chocolate and confectionery to Luxembourg, comprising 45% of total imports. The second position in the ranking was held by Germany ($X), with a 20% share of total imports. It was followed by France, with a 15% share.

From 2012 to 2022, the average annual growth rate of value from Belgium totaled -1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-4.8% per year) and France (-0.7% per year).

Import Prices by Country

In 2022, the average chocolate and confectionery import price amounted to $X per ton, shrinking by -8.2% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average import price increased by 13%. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+0.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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