Luxembourg: Cream Fresh Market 2024

Cream Fresh Market Size in Luxembourg

The Luxembourg cream fresh market skyrocketed to $X in 2022, picking up by 144% against the previous year. In general, consumption saw significant growth. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Cream Fresh Production in Luxembourg

In value terms, cream fresh production rose significantly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a deep slump. The pace of growth was the most pronounced in 2020 when the production volume increased by 82%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Cream Fresh Exports

Exports from Luxembourg

In 2022, approx. X tons of cream fresh were exported from Luxembourg; waning by -15.9% on the year before. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when exports increased by 136%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, cream fresh exports shrank to $X in 2022. In general, total exports indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +4.1% 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 +38.1% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of 97%. The exports peaked at $X in 2021, and then contracted in the following year.

Exports by Country

France (X tons) was the main destination for cream fresh exports from Luxembourg, accounting for a 86% share of total exports. Moreover, cream fresh exports to France exceeded the volume sent to the second major destination, Germany (X tons), more than tenfold. The third position in this ranking was taken by Belgium (X tons), with a 4.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to France amounted to +3.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-16.0% per year) and Belgium (+19.2% per year).

In value terms, France ($X) remains the key foreign market for cream fresh exports from Luxembourg, comprising 85% of total exports. The second position in the ranking was held by Germany ($X), with an 8.2% share of total exports. It was followed by Belgium, with a 4.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to France amounted to +7.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-8.1% per year) and Belgium (+19.6% per year).

Export Prices by Country

The average cream fresh export price stood at $X per ton in 2022, surging by 11% against the previous year. In general, export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cream fresh export price increased by +111.6% against 2018 indices. The pace of growth appeared the most rapid in 2020 an increase of 43%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: 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 Germany (+9.5%), while the prices for the other major destinations experienced more modest paces of growth.

Cream Fresh Imports

Imports into Luxembourg

In 2022, overseas purchases of cream fresh increased by 15% to X tons, rising for the second year in a row after two years of decline. In general, imports, however, recorded a mild shrinkage. The pace of growth was the most pronounced in 2017 with an increase of 130%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, cream fresh imports soared to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 78% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

France (X tons), Belgium (X tons) and Germany (X tons) were the main suppliers of cream fresh imports to Luxembourg, with a combined 91% share of total imports. These countries were followed by the Netherlands, which accounted for a further 7.5%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +133.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest cream fresh suppliers to Luxembourg were France ($X), Belgium ($X) and Germany ($X), together comprising 87% of total imports. The Netherlands lagged somewhat behind, comprising a further 12%.

In terms of the main suppliers, the Netherlands, with a CAGR of +129.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average cream fresh import price stood at $X per ton in 2022, with an increase of 12% against the previous year. Overall, the import price showed a slight increase. The growth pace was the most rapid in 2019 when the average import price increased by 75%. Over the period under review, average import prices reached the maximum 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 the Netherlands ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+2.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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