Luxembourg: Market for Gingerbread, Sweet Biscuits and Waffles 2024

Market Size for Gingerbread, Sweet Biscuits and Waffles in Luxembourg

In 2022, the Luxembourg market for gingerbread, sweet biscuits and waffles decreased by -11.8% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption recorded a perceptible decline. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Production of Gingerbread, Sweet Biscuits and Waffles in Luxembourg

In value terms, gingerbread, sweet biscuit and waffle production contracted to $X in 2022 estimated in export price. Overall, production saw a abrupt curtailment. The pace of growth was the most pronounced in 2014 when the production volume increased by 369% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Exports of Gingerbread, Sweet Biscuits and Waffles

Exports from Luxembourg

For the third consecutive year, Luxembourg recorded growth in shipments abroad of gingerbread, sweet biscuits and waffles, which increased by 32% to X tons in 2022. In general, exports showed a strong increase. The pace of growth appeared the most rapid in 2021 with an increase of 164% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, gingerbread, sweet biscuit and waffle exports soared to $X in 2022. Overall, exports saw a resilient expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 70%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Slovakia (X tons) was the main destination for gingerbread, sweet biscuit and waffle exports from Luxembourg, accounting for a 45% share of total exports. Moreover, gingerbread, sweet biscuit and waffle exports to Slovakia exceeded the volume sent to the second major destination, Germany (X tons), twofold. France (X tons) ranked third in terms of total exports with an 18% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Slovakia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+48.7% per year) and France (+3.2% per year).

In value terms, Slovakia ($X), Germany ($X) and France ($X) appeared to be the largest markets for gingerbread, sweet biscuit and waffle exported from Luxembourg worldwide, with a combined 71% share of total exports. Belgium, Poland, Greece, Norway, the Netherlands and the United Arab Emirates lagged somewhat behind, together accounting for a further 26%.

Poland, with a CAGR of +62.7%, saw the highest growth rate of the value of exports, in terms of 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

In 2022, the average export price for gingerbread, sweet biscuits and waffles amounted to $X per ton, declining by -4.7% against the previous year. In general, the export price recorded a pronounced descent. The most prominent rate of growth was recorded in 2014 an increase of 23% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Slovakia ($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 the United Arab Emirates (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Gingerbread, Sweet Biscuits and Waffles

Imports into Luxembourg

In 2022, supplies from abroad of gingerbread, sweet biscuits and waffles decreased by -1.4% to X tons for the first time since 2017, thus ending a four-year rising trend. The total import volume increased at an average annual rate of +3.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when imports increased by 13%. Over the period under review, imports reached the peak figure at X tons in 2021, and then shrank in the following year.

In value terms, gingerbread, sweet biscuit and waffle imports reduced to $X in 2022. Overall, imports, however, continue to indicate a modest expansion. The pace of growth appeared the most rapid in 2018 when imports increased by 17% against the previous year. Imports peaked at $X in 2021, and then declined in the following year.

Imports by Country

In 2022, Belgium (X tons) constituted the largest supplier of gingerbread, sweet biscuit and waffle to Luxembourg, with a 47% share of total imports. Moreover, gingerbread, sweet biscuit and waffle imports from Belgium exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. Italy (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Belgium amounted to +1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+5.0% per year) and Italy (+14.2% per year).

In value terms, Belgium ($X) constituted the largest supplier of gingerbread, sweet biscuits and waffles to Luxembourg, comprising 49% of total imports. The second position in the ranking was held by Germany ($X), with a 17% share of total imports. It was followed by France, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Belgium totaled -1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+2.2% per year) and France (+0.4% per year).

Import Prices by Country

In 2022, the average import price for gingerbread, sweet biscuits and waffles amounted to $X per ton, shrinking by -5.6% against the previous year. Overall, the import price showed a noticeable reduction. The most prominent rate of growth was recorded in 2017 an increase of 5.9% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+6.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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