Luxembourg: Candied Fruit Market 2024

Candied Fruit Market Size in Luxembourg

The Luxembourg candied fruit market reduced to $X in 2021, waning by -6.1% 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). The market value increased at an average annual rate of +1.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Candied Fruit Exports

Exports from Luxembourg

In 2021, overseas shipments of candied fruits increased by 50% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, total exports indicated measured growth from 2012 to 2021: its volume increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, candied fruit exports skyrocketed to $X in 2021. In general, exports recorded prominent growth. The pace of growth was the most pronounced in 2018 when exports increased by 31%. Over the period under review, the exports attained the maximum in 2021 and are likely to continue growth in years to come.

Exports by Country

Belgium (X tons), France (X tons) and Germany (X kg) were the main destinations of candied fruit exports from Luxembourg, with a combined 98% share of total exports.

From 2012 to 2021, the biggest increases were in France (with a CAGR of +10.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for candied fruit exported from Luxembourg were Belgium ($X), France ($X) and Germany ($X), together accounting for 98% of total exports.

Among the main countries of destination, France, with a CAGR of +15.6%, recorded the highest growth rate of 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 candied fruit export price amounted to $X per ton, declining by -19% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2017 when the average export price increased by 32% against the previous year. The export price peaked at $X per ton in 2020, and then fell markedly in the following year.

Average prices varied noticeably for the major export markets. In 2021, the country with the highest price was Germany ($X per ton), while the average price for exports to Belgium ($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 (+4.4%), while the prices for the other major destinations experienced mixed trend patterns.

Candied Fruit Imports

Imports into Luxembourg

In 2021, the amount of candied fruits imported into Luxembourg contracted to X tons, with a decrease of -14.8% compared with the year before. In general, imports saw a perceptible reduction. The pace of growth was the most pronounced in 2018 with an increase of 27%. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, candied fruit imports expanded to $X in 2021. The total import value increased at an average annual rate of +3.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of 41%. As a result, imports attained 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 supplier of candied fruit to Luxembourg, accounting for a 45% share of total imports. Moreover, candied fruit imports from Belgium exceeded the figures recorded by the second-largest supplier, Portugal (X tons), twofold. The third position in this ranking was taken by France (X tons), with a 20% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Belgium totaled +4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (+23.3% per year) and France (-7.9% per year).

In value terms, Belgium ($X) constituted the largest supplier of candied fruit to Luxembourg, comprising 56% of total imports. The second position in the ranking was taken by France ($X), with a 27% share of total imports. It was followed by Germany, with a 6.6% share.

From 2012 to 2021, the average annual growth rate of value from Belgium amounted to +7.9%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+3.8% per year) and Germany (-9.4% per year).

Import Prices by Country

In 2021, the average candied fruit import price amounted to $X per ton, increasing by 21% against the previous year. Overall, import price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +7.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, candied fruit import price increased by +69.5% against 2016 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: 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 2021, the most notable rate of growth in terms of prices was attained by France (+12.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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