Luxembourg: Market for Condensed Or Evaporated Milk (Sweetened) 2024

Market Size for Condensed Or Evaporated Milk (Sweetened) in Luxembourg

The Luxembourg market for condensed or evaporated milk (sweetened) amounted to $X in 2022, with an increase of 11% against the previous year. In general, consumption, however, showed a slight decrease. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Production of Condensed Or Evaporated Milk (Sweetened) in Luxembourg

In value terms, sweetened condensed and evaporated milk production declined to $X in 2022 estimated in export price. Overall, production recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 9.6% against the previous year. Sweetened condensed and evaporated milk production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Exports of Condensed Or Evaporated Milk (Sweetened)

Exports from Luxembourg

In 2022, overseas shipments of condensed or evaporated milk (sweetened) increased by 13% to X tons, rising for the second year in a row after two years of decline. In general, exports saw a significant increase. The pace of growth was the most pronounced in 2016 with an increase of 1,746% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, sweetened condensed and evaporated milk exports rose significantly to $X in 2022. Over the period under review, exports recorded significant growth. The growth pace was the most rapid in 2016 with an increase of 767% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Belgium (X tons), Germany (X tons) and France (X tons) were the main destinations of sweetened condensed and evaporated milk exports from Luxembourg, together comprising 88% of total exports. The Netherlands and the UK lagged somewhat behind, together accounting for a further 12%.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +82.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for condensed or evaporated milk (sweetened) exports from Luxembourg, comprising 61% of total exports. The second position in the ranking was taken by Belgium ($X), with a 22% share of total exports. It was followed by France, with a 9.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany stood at +75.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+51.5% per year) and France (+48.2% per year).

Export Prices by Country

The average export price for condensed or evaporated milk (sweetened) stood at $X per ton in 2022, which is down by -6% against the previous year. Over the period under review, the export price recorded a abrupt decrease. The growth pace was the most rapid in 2021 an increase of 58%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to the Netherlands ($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 the UK (+8.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Condensed Or Evaporated Milk (Sweetened)

Imports into Luxembourg

In 2022, purchases abroad of condensed or evaporated milk (sweetened) increased by 23% to X tons, rising for the fifth consecutive year after two years of decline. In general, imports showed resilient growth. The pace of growth appeared the most rapid in 2021 when imports increased by 65% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, sweetened condensed and evaporated milk imports soared to $X in 2022. Overall, imports continue to indicate strong growth. The pace of growth was the most pronounced in 2021 when imports increased by 89% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

France (X tons), Belgium (X tons) and the Netherlands (X tons) were the main suppliers of sweetened condensed and evaporated milk imports to Luxembourg, with a combined 94% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +43.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constituted the largest supplier of condensed or evaporated milk (sweetened) to Luxembourg, comprising 67% of total imports. The second position in the ranking was taken by Belgium ($X), with a 24% share of total imports. It was followed by the Netherlands, with a 4.6% share.

From 2012 to 2022, the average annual growth rate of value from France amounted to +43.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+5.7% per year) and the Netherlands (+11.3% per year).

Import Prices by Country

The average import price for condensed or evaporated milk (sweetened) stood at $X per ton in 2022, with an increase of 9.9% against the previous year. In general, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sweetened condensed and evaporated milk import price increased by +53.9% against 2015 indices. The pace of growth was the most pronounced in 2014 an increase of 19% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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