Luxembourg: Market for Grape Juice (Single Strength) 2024

Market Size for Grape Juice (Single Strength) in Luxembourg

After two years of decline, the Luxembourg grape juice (single strength) market increased by 12% to $X in 2021. Over the period under review, the total consumption indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Grape juice (single strength) consumption peaked in 2021 and is expected to retain growth in the near future.

Exports of Grape Juice (Single Strength)

Exports from Luxembourg

In 2021, exports of grape juice (single strength) from Luxembourg reduced to X kg, dropping by -9.4% compared with the previous year's figure. In general, exports continue to indicate a abrupt descent. The growth pace was the most rapid in 2016 with an increase of 68%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, grape juice (single strength) exports reduced markedly to $X in 2021. Overall, exports showed a abrupt downturn. The growth pace was the most rapid in 2018 with an increase of 163% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Germany (X kg) was the main destination for grape juice (single strength) exports from Luxembourg, with a 96% share of total exports. It was followed by France (X kg), with a 2.1% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Germany stood at +9.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-28.3% per year) and the Netherlands (-29.4% per year).

In value terms, Germany ($X) remains the key foreign market for grape juice (single strength) exports from Luxembourg, comprising 95% of total exports. The second position in the ranking was held by France ($X), with a 2.8% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Germany totaled +8.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-25.5% per year) and the Netherlands (-28.9% per year).

Export Prices by Country

The average grape juice (single strength) export price stood at $X per ton in 2021, waning by -21.8% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average export price increased by 80%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Germany ($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 Azerbaijan (+17.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Grape Juice (Single Strength)

Imports into Luxembourg

In 2021, purchases abroad of grape juice (single strength) increased by 14% to X tons, rising for the fourth consecutive year after two years of decline. Overall, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when imports increased by 30%. Imports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, grape juice (single strength) imports rose markedly to $X in 2021. In general, imports showed a strong expansion. The growth pace was the most rapid in 2016 with an increase of 30% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in years to come.

Imports by Country

Belgium (X tons), Germany (X tons) and Spain (X tons) were the main suppliers of grape juice (single strength) imports to Luxembourg, with a combined 92% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +69.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X) constituted the largest supplier of grape juice (single strength) to Luxembourg, comprising 65% of total imports. The second position in the ranking was taken by Germany ($X), with a 23% share of total imports. It was followed by Spain, with a 5.4% share.

From 2012 to 2021, the average annual growth rate of value from Belgium stood at +16.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-5.1% per year) and Spain (+66.1% per year).

Import Prices by Country

In 2021, the average grape juice (single strength) import price amounted to $X per ton, shrinking by -2.1% against the previous year. In general, import price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, grape juice (single strength) import price decreased by -14.1% against 2018 indices. The pace of growth was the most pronounced in 2017 when the average import price increased by 37% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 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 Belgium ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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