Luxembourg: Fructose Market 2024

Fructose Market Size in Luxembourg

The Luxembourg fructose market dropped modestly to $X in 2021, almost unchanged from 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). The market value increased at an average annual rate of +5.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Fructose Exports

Exports from Luxembourg

In 2021, shipments abroad of fructose and fructose syrup increased by 93% to X tons, rising for the third consecutive year after two years of decline. Overall, exports, however, continue to indicate a deep downturn. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, fructose exports soared to $X in 2021. Over the period under review, exports, however, recorded a abrupt setback. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Belgium (X tons), Turkey (X tons) and France (X tons) were the main destinations of fructose exports from Luxembourg, together comprising 98% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of +26.4%), while the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X) remains the key foreign market for fructose and fructose syrup exports from Luxembourg, comprising 69% of total exports. The second position in the ranking was taken by Turkey ($X), with a 16% share of total exports. It was followed by France, with a 10% share.

From 2012 to 2021, the average annual growth rate of value to Belgium totaled +19.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (0.0% per year) and France (+27.8% per year).

Export Prices by Country

The average fructose export price stood at $X per ton in 2021, surging by 3.6% against the previous year. Over the period under review, the export price recorded strong growth. The growth pace was the most rapid in 2017 an increase of 76%. The export price peaked in 2021 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Turkey ($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 Hungary (+23.2%), while the prices for the other major destinations experienced more modest paces of growth.

Fructose Imports

Imports into Luxembourg

In 2021, approx. X tons of fructose and fructose syrup were imported into Luxembourg; declining by -1.6% compared with 2020 figures. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 49%. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, fructose imports rose markedly to $X in 2021. Overall, total imports indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +2.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +34.0% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 26%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

Belgium (X tons), Germany (X tons) and France (X tons) were the main suppliers of fructose imports to Luxembourg, with a combined 89% share of total imports. The Netherlands and Italy lagged somewhat behind, together comprising a further 9.4%.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +119.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest fructose suppliers to Luxembourg were Germany ($X), Belgium ($X) and France ($X), with a combined 85% share of total imports. The Netherlands and Italy lagged somewhat behind, together accounting for a further 13%.

Italy, with a CAGR of +135.8%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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 fructose import price amounted to $X per ton, picking up by 7.8% against the previous year. Over the period under review, import price indicated tangible growth from 2012 to 2021: its price increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, fructose import price increased by +85.9% against 2016 indices. The most prominent rate of growth was recorded in 2019 when the average import price increased by 59% against the previous year. The import price peaked in 2021 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Belgium ($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 (+11.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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