Luxembourg: Pasta Products Market 2024

Pasta Products Market Size in Luxembourg

The Luxembourg pasta products market rose rapidly to $X in 2022, with an increase of 12% 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, consumption showed a buoyant increase. Pasta products consumption peaked in 2022 and is expected to retain growth in years to come.

Pasta Products Exports

Exports from Luxembourg

In 2022, shipments abroad of dried, undried and frozen pasta and pasta products increased by 16% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, exports, however, faced a deep reduction. The pace of growth was the most pronounced in 2017 when exports increased by 90%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, pasta products exports soared to $X in 2022. Overall, exports, however, saw a abrupt descent. The growth pace was the most rapid in 2017 when exports increased by 41% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

France (X tons), Belgium (X tons) and Germany (X tons) were the main destinations of pasta products exports from Luxembourg, together comprising 90% of total exports. Italy, Greece and Ireland lagged somewhat behind, together accounting for a further 8%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +40.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for pasta products exported from Luxembourg were France ($X), Belgium ($X) and Germany ($X), with a combined 85% share of total exports. Greece, Italy and Ireland lagged somewhat behind, together accounting for a further 9.9%.

Among the main countries of destination, Italy, with a CAGR of +34.0%, 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 mixed trend patterns.

Export Prices by Country

The average pasta products export price stood at $X per ton in 2022, growing by 1.7% against the previous year. Over the period under review, export price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, pasta products export price decreased by -1.3% against 2020 indices. The growth pace was the most rapid in 2019 when the average export price increased by 30% against the previous year. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Greece ($X per ton), while the average price for exports to Germany ($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 France (+7.3%), while the prices for the other major destinations experienced mixed trend patterns.

Pasta Products Imports

Imports into Luxembourg

In 2022, the amount of dried, undried and frozen pasta and pasta products imported into Luxembourg surged to X tons, rising by 27% compared with 2021 figures. Overall, imports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 31%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, pasta products imports expanded to $X in 2022. Over the period under review, imports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 23% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Belgium (X tons) constituted the largest pasta products supplier to Luxembourg, accounting for a 52% share of total imports. Moreover, pasta products imports from Belgium exceeded the figures recorded by the second-largest supplier, Italy (X tons), fourfold. The third position in this ranking was held by the Netherlands (X tons), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from Belgium amounted to +8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+6.3% per year) and the Netherlands (+23.4% per year).

In value terms, Belgium ($X), the Netherlands ($X) and Italy ($X) were the largest pasta products suppliers to Luxembourg, together comprising 72% of total imports.

In terms of the main suppliers, the Netherlands, with a CAGR of +23.7%, saw the highest rates of growth with regard to 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

In 2022, the average pasta products import price amounted to $X per ton, shrinking by -19.4% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average import price increased by 62%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :