Luxembourg: Market for Crispbread, Rusks and Toasted Bread 2024

Market Size for Crispbread, Rusks and Toasted Bread in Luxembourg

The Luxembourg market for crispbread, rusks and toasted bread fell to $X in 2022, reducing by -6.5% 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). Overall, consumption, however, showed a relatively flat trend pattern. Crispbread, rusk and toasted bread consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Exports of Crispbread, Rusks and Toasted Bread

Exports from Luxembourg

In 2022, approx. X tons of crispbread, rusks and toasted bread were exported from Luxembourg; growing by 19% compared with 2021 figures. Over the period under review, exports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2016 when exports increased by 1,113% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, crispbread, rusk and toasted bread exports rose markedly to $X in 2022. In general, exports enjoyed significant growth. The growth pace was the most rapid in 2016 with an increase of 977%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Greece (X tons) was the main destination for crispbread, rusk and toasted bread exports from Luxembourg, with a 52% share of total exports. Moreover, crispbread, rusk and toasted bread exports to Greece exceeded the volume sent to the second major destination, France (X tons), fourfold. Belgium (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume to Greece totaled +119.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+28.6% per year) and Belgium (-5.1% per year).

In value terms, Greece ($X) remains the key foreign market for crispbread, rusks and toasted bread exports from Luxembourg, comprising 60% of total exports. The second position in the ranking was held by Norway ($X), with a 16% share of total exports. It was followed by Belgium, with a 7.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Greece totaled +103.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+119.4% per year) and Belgium (+4.9% per year).

Export Prices by Country

In 2022, the average export price for crispbread, rusks and toasted bread amounted to $X per ton, with a decrease of -8.9% against the previous year. In general, the export price, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by 108% against the previous year. The export price peaked at $X per ton in 2021, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Germany ($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 (+10.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Crispbread, Rusks and Toasted Bread

Imports into Luxembourg

In 2022, overseas purchases of crispbread, rusks and toasted bread decreased by -2% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when imports increased by 33% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, crispbread, rusk and toasted bread imports fell to $X in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when imports increased by 34% against the previous year. Over the period under review, imports attained the peak figure at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

Belgium (X tons), Germany (X tons) and France (X tons) were the main suppliers of crispbread, rusk and toasted bread imports to Luxembourg, with a combined 88% share of total imports. Italy, Sweden and the Netherlands lagged somewhat behind, together comprising a further 8.4%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +13.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Belgium ($X) and France ($X) were the largest crispbread, rusk and toasted bread suppliers to Luxembourg, together accounting for 80% of total imports. Italy, Sweden and the Netherlands lagged somewhat behind, together comprising a further 11%.

Among the main suppliers, the Netherlands, with a CAGR of +7.2%, recorded 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 import price for crispbread, rusks and toasted bread stood at $X per ton in 2022, waning by -4.7% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 11% against the previous year. The import price peaked at $X per ton in 2021, and then shrank in the following year.

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 2022, the most notable rate of growth in terms of prices was attained by Germany (+2.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :