Luxembourg: Market for Chocolate Bars with Cereals, Fruit or Nuts 2024

Market Size for Chocolate Bars with Cereals, Fruit or Nuts in Luxembourg

The Luxembourg market for chocolate bars with cereals, fruit or nuts reduced to $X in 2022, falling by -9.8% 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). In general, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Exports of Chocolate Bars with Cereals, Fruit or Nuts

Exports from Luxembourg

In 2022, shipments abroad of chocolate bars with cereals, fruit or nuts decreased by -70.9% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 317% against the previous year. As a result, the exports reached the peak of X tons, and then dropped notably in the following year.

In value terms, exports of chocolate bars with cereals, fruit or nuts fell rapidly to $X in 2022. Overall, exports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 151% against the previous year. As a result, the exports reached the peak of $X, and then contracted remarkably in the following year.

Exports by Country

Belgium (X tons), France (X tons) and Germany (X tons) were the main destinations of exports of chocolate bars with cereals, fruit or nuts from Luxembourg, together accounting for 82% of total exports. Japan, Greece, Italy and Norway lagged somewhat behind, together comprising a further 15%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +143.9%), while the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), France ($X) and Germany ($X) were the largest markets for cereal, fruit or nut chocolate bar exported from Luxembourg worldwide, with a combined 63% share of total exports. Japan, Greece, Italy and Norway lagged somewhat behind, together accounting for a further 32%.

Italy, with a CAGR of +187.1%, recorded the highest rates of growth with regard to 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

The average export price for chocolate bars with cereals, fruit or nuts stood at $X per ton in 2022, with an increase of 73% against the previous year. Overall, the export price saw a measured increase. The pace of growth appeared the most rapid in 2018 an increase of 77% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a somewhat 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 Greece ($X per ton), while the average price for exports to Belgium ($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 Italy (+17.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chocolate Bars with Cereals, Fruit or Nuts

Imports into Luxembourg

After four years of growth, supplies from abroad of chocolate bars with cereals, fruit or nuts decreased by -6.5% to X tons in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when imports increased by 16%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, imports of chocolate bars with cereals, fruit or nuts fell rapidly to $X in 2022. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 22%. Over the period under review, imports of reached the maximum at $X in 2021, and then contracted sharply in the following year.

Imports by Country

Belgium (X tons), Germany (X tons) and France (X tons) were the main suppliers of imports of chocolate bars with cereals, fruit or nuts to Luxembourg, with a combined 84% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +11.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X) constituted the largest supplier of chocolate bars with cereals, fruit or nuts to Luxembourg, comprising 46% of total imports. The second position in the ranking was held by Germany ($X), with a 22% share of total imports. It was followed by France, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Belgium totaled -4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+8.4% per year) and France (+2.4% per year).

Import Prices by Country

The average import price for chocolate bars with cereals, fruit or nuts stood at $X per ton in 2022, which is down by -9.9% against the previous year. Overall, the import price recorded a slight downturn. The most prominent rate of growth was recorded in 2017 when the average import price increased by 30%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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