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

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

In 2021, after three years of decline, there was significant growth in the Luxembourg market for condensed or evaporated milk (unsweetened), when its value increased by 231% to $X. Overall, consumption recorded resilient growth. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Production of Condensed Or Evaporated Milk (Unsweetened) in Luxembourg

In value terms, unsweetened condensed and evaporated milk production expanded slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.0% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the production volume increased by 18%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Exports of Condensed Or Evaporated Milk (Unsweetened)

Exports from Luxembourg

After three years of growth, shipments abroad of condensed or evaporated milk (unsweetened) decreased by -11.5% to X tons in 2021. Overall, total exports indicated perceptible growth from 2012 to 2021: its volume increased at an average annual rate of +3.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +86.3% against 2017 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 47% against the previous year. As a result, the exports attained the peak of X tons, and then fell in the following year.

In value terms, unsweetened condensed and evaporated milk exports surged to $X in 2021. Over the period under review, total exports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +99.5% against 2017 indices. The most prominent rate of growth was recorded in 2018 with an increase of 22%. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the near future.

Exports by Country

France (X tons) was the main destination for unsweetened condensed and evaporated milk exports from Luxembourg, accounting for a 68% share of total exports. Moreover, unsweetened condensed and evaporated milk exports to France exceeded the volume sent to the second major destination, Belgium (X tons), fivefold. Germany (X tons) ranked third in terms of total exports with an 8.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to France totaled +8.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+30.2% per year) and Germany (-7.4% per year).

In value terms, France ($X) remains the key foreign market for condensed or evaporated milk (unsweetened) exports from Luxembourg, comprising 76% of total exports. The second position in the ranking was taken by Belgium ($X), with an 11% share of total exports. It was followed by Germany, with a 6.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to France amounted to +9.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+28.6% per year) and Germany (-7.0% per year).

Export Prices by Country

In 2021, the average export price for condensed or evaporated milk (unsweetened) amounted to $X per ton, jumping by 31% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.1%. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; afterwards, it flattened through to 2021.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+1.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Condensed Or Evaporated Milk (Unsweetened)

Imports into Luxembourg

In 2021, unsweetened condensed and evaporated milk imports into Luxembourg soared to X tons, picking up by 123% on the previous year. Over the period under review, imports saw a significant expansion. The pace of growth appeared the most rapid in 2015 with an increase of 214%. Over the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in the immediate term.

In value terms, unsweetened condensed and evaporated milk imports surged to $X in 2021. In general, imports enjoyed strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Belgium (X tons) was the main unsweetened condensed and evaporated milk supplier to Luxembourg, with a 93% share of total imports. Moreover, unsweetened condensed and evaporated milk imports from Belgium exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold. The third position in this ranking was taken by France (X tons), with a 1.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Belgium stood at +45.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-1.5% per year) and France (-12.7% per year).

In value terms, Belgium ($X) constituted the largest supplier of condensed or evaporated milk (unsweetened) to Luxembourg, comprising 78% of total imports. The second position in the ranking was held by Germany ($X), with an 8.7% share of total imports. It was followed by France, with an 8.6% share.

From 2012 to 2021, the average annual growth rate of value from Belgium totaled +21.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-3.8% per year) and France (-9.6% per year).

Import Prices by Country

The average import price for condensed or evaporated milk (unsweetened) stood at $X per ton in 2021, with a decrease of -23.6% against the previous year. Over the period under review, the import price continues to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2016 an increase of 40% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+3.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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