Luxembourg: Crispbread Market 2024

Crispbread Market Size in Luxembourg

The Luxembourg crispbread market fell to $X in 2021, with a decrease of -10.1% 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, the total consumption indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -16.6% against 2018 indices. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Crispbread Exports

Exports from Luxembourg

In 2021, overseas shipments of crispbread increased by 9.2% to X tons, rising for the third year in a row after five years of decline. Overall, exports, however, continue to indicate a mild downturn. The pace of growth was the most pronounced in 2013 when exports increased by 100% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, crispbread exports soared to $X in 2021. In general, exports saw strong growth. The most prominent rate of growth was recorded in 2013 with an increase of 132%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Belgium (X kg), Norway (X kg) and Azerbaijan (X kg) were the main destinations of crispbread exports from Luxembourg, with a combined 87% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Norway (with a CAGR of +296.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Norway ($X), Belgium ($X) and Azerbaijan ($X) constituted the largest markets for crispbread exported from Luxembourg worldwide, with a combined 95% share of total exports.

Among the main countries of destination, Norway, with a CAGR of +327.3%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average crispbread export price amounted to $X per ton, increasing by 46% against the previous year. In general, the export price saw a strong expansion. The pace of growth was the most pronounced in 2018 when the average export price increased by 52% against the previous year. The export price peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major export markets. In 2021, 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 2021, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.

Crispbread Imports

Imports into Luxembourg

Crispbread imports into Luxembourg declined to X tons in 2021, shrinking by -10.8% on the previous year's figure. In general, total imports indicated noticeable growth from 2012 to 2021: its volume increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +39.4% against 2015 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 47%. Over the period under review, imports hit record highs at X tons in 2020, and then fell in the following year.

In value terms, crispbread imports contracted to $X in 2021. Over the period under review, total imports indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -17.8% against 2018 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 55% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Belgium (X tons) constituted the largest crispbread supplier to Luxembourg, accounting for a 68% share of total imports. Moreover, crispbread imports from Belgium exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. The third position in this ranking was taken by France (X tons), with a 9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Belgium amounted to +26.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-9.0% per year) and France (-1.2% per year).

In value terms, Belgium ($X) constituted the largest supplier of crispbread to Luxembourg, comprising 67% of total imports. The second position in the ranking was taken by Germany ($X), with a 20% share of total imports. It was followed by France, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Belgium amounted to +17.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-5.3% per year) and France (+1.5% per year).

Import Prices by Country

The average crispbread import price stood at $X per ton in 2021, stabilizing at the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average import price increased by 19% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+4.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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