Luxembourg: Glucose Market 2024

Glucose Market Size in Luxembourg

The Luxembourg glucose market contracted to $X in 2021, remaining constant 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, the total consumption indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +19.7% against 2019 indices. Glucose consumption peaked at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Glucose Exports

Exports from Luxembourg

In 2021, the amount of glucose and glucose syrup exported from Luxembourg skyrocketed to X tons, growing by 71% compared with 2020. Overall, exports continue to indicate buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, glucose exports skyrocketed to $X in 2021. Over the period under review, total exports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +111.4% against 2015 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Belgium (X tons) was the main destination for glucose exports from Luxembourg, with a 66% share of total exports. Moreover, glucose exports to Belgium exceeded the volume sent to the second major destination, France (X tons), threefold. Germany (X kg) ranked third in terms of total exports with a 9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Belgium amounted to +4.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+8.1% per year) and Germany (+11.7% per year).

In value terms, Belgium ($X) remains the key foreign market for glucose and glucose syrup exports from Luxembourg, comprising 69% of total exports. The second position in the ranking was taken by France ($X), with a 21% share of total exports. It was followed by Germany, with an 8.5% share.

From 2012 to 2021, the average annual growth rate of value to Belgium amounted to +6.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+6.0% per year) and Germany (+6.2% per year).

Export Prices by Country

The average glucose export price stood at $X per ton in 2021, dropping by -3.5% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average export price increased by 23%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the countries with the highest prices were Azerbaijan ($X per ton) and Belgium ($X per ton), while the average price for exports to France ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+2.0%), while the prices for the other major destinations experienced a decline.

Glucose Imports

Imports into Luxembourg

In 2021, purchases abroad of glucose and glucose syrup increased by 2.7% to X tons, rising for the second consecutive year after three years of decline. In general, total imports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +9.0% 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 +55.4% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 51%. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, glucose imports rose slightly to $X in 2021. The total import value increased at an average annual rate of +2.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when imports increased by 38% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Belgium (X tons), the Netherlands (X tons) and France (X tons) were the main suppliers of glucose imports to Luxembourg, together accounting for 90% of total imports.

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 +41.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest glucose suppliers to Luxembourg were France ($X), the Netherlands ($X) and Belgium ($X), with a combined 74% share of total imports.

The Netherlands, with a CAGR of +39.4%, recorded the highest rates of growth with regard to the value of imports, among 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 glucose import price amounted to $X per ton, therefore, remained relatively stable against the previous year. Overall, the import price showed a deep slump. The most prominent rate of growth was recorded in 2018 when the average import price increased by 29%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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 Germany ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+6.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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