Luxembourg: Market for Prepared Dishes And Meals 2024

Market Size for Prepared Dishes And Meals in Luxembourg

The Luxembourg prepared dish and meal market surged to $X in 2021, with an increase of 25% 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 saw a prominent increase. Prepared dish and meal consumption peaked in 2021 and is expected to retain growth in years to come.

Exports of Prepared Dishes And Meals

Exports from Luxembourg

In 2021, shipments abroad of prepared dishes and meals increased by 25% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, total exports indicated a temperate expansion from 2012 to 2021: its volume increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 79%. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, prepared dish and meal exports soared to $X in 2021. In general, exports posted a significant increase. The pace of growth appeared the most rapid in 2014 when exports increased by 59% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the near future.

Exports by Country

Belgium (X tons), France (X tons) and Germany (X tons) were the main destinations of prepared dish and meal exports from Luxembourg, with a combined 78% share of total exports. The United States, Austria, Italy and Russia lagged somewhat behind, together accounting for a further 17%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +132.2%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and Belgium ($X) were the largest markets for prepared dish and meal exported from Luxembourg worldwide, together comprising 84% of total exports. Austria, Italy, the United States and Russia lagged somewhat behind, together comprising a further 11%.

The United States, with a CAGR of +79.5%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average prepared dish and meal export price stood at $X per ton in 2021, surging by 6.5% against the previous year. Over the period under review, the export price saw a significant expansion. The pace of growth was the most pronounced in 2016 an increase of 46% against the previous year. The export price peaked in 2021 and is likely to continue growth in the immediate term.

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 Austria ($X per ton), while the average price for exports to the United States ($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 (+43.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prepared Dishes And Meals

Imports into Luxembourg

In 2021, purchases abroad of prepared dishes and meals was finally on the rise to reach X tons after two years of decline. The total import volume increased at an average annual rate of +4.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, prepared dish and meal imports soared to $X in 2021. In general, imports recorded a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), Belgium (X tons) and France (X tons) were the main suppliers of prepared dish and meal imports to Luxembourg, with a combined 84% share of total imports. These countries were followed by the Netherlands and Austria, which together accounted for a further 12%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +9.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and Belgium ($X) were the largest prepared dish and meal suppliers to Luxembourg, together comprising 80% of total imports. These countries were followed by the Netherlands and Austria, which together accounted for a further 13%.

In terms of the main suppliers, the Netherlands, with a CAGR of +23.4%, recorded 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 2021, the average prepared dish and meal import price amounted to $X per ton, with an increase of 8.5% against the previous year. Over the period under review, import price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, prepared dish and meal import price increased by +6.3% against 2018 indices. The pace of growth was the most pronounced in 2018 when the average import price increased by 21%. The import price peaked in 2021 and is likely to see gradual growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+12.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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