Luxembourg: Canned Food Market 2024

Canned Food Market Size in Luxembourg

In 2021, the Luxembourg canned food market increased by 3.2% to $X, rising for the sixth consecutive year after two years of decline. The market value increased at an average annual rate of +2.8% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. Over the period under review, the market hit record highs in 2021 and is likely to see gradual growth in years to come.

Canned Food Exports

Exports from Luxembourg

In 2021, exports of canned food from Luxembourg surged to X tons, increasing by 44% on the previous year. Overall, exports, however, showed a pronounced descent. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, canned food exports skyrocketed to $X in 2021. In general, exports, however, saw a perceptible reduction. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

France (X tons), Belgium (X tons) and Germany (X tons) were the main destinations of canned food exports from Luxembourg, with a combined 89% share of total exports.

From 2012 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +14.4%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for canned food exported from Luxembourg were France ($X), Belgium ($X) and Germany ($X), together accounting for 85% of total exports.

Among the main countries of destination, Germany, with a CAGR of +19.7%, saw the highest rates of growth with regard to 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 2020, the average canned food export price amounted to $X per ton, falling by -15.2% against the previous year. Overall, export price indicated measured growth from 2012 to 2020: its price increased at an average annual rate of +3.8% over the last eight years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, canned food export price increased by +43.3% against 2015 indices. The pace of growth appeared the most rapid in 2019 an increase of 49% against the previous year. As a result, the export price reached the peak level of $X per ton, and then dropped rapidly in the following year.

Prices varied noticeably country of destination: the country with the highest price was France ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.

Canned Food Imports

Imports into Luxembourg

In 2021, approx. X tons of canned food were imported into Luxembourg; increasing by 3% compared with the year before. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when imports increased by 6.4% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, canned food imports amounted to $X in 2021. The total import value increased at an average annual rate of +2.2% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 15% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2020, Belgium (X tons) constituted the largest supplier of canned food to Luxembourg, with a 41% share of total imports. Moreover, canned food imports from Belgium exceeded the figures recorded by the second-largest supplier, France (X tons), twofold. The third position in this ranking was taken by Germany (X tons), with a 13% share.

From 2012 to 2020, the average annual rate of growth in terms of volume from Belgium amounted to -1.0%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-3.9% per year) and Germany (-1.4% per year).

In value terms, Belgium ($X) constituted the largest supplier of canned food to Luxembourg, comprising 47% of total imports. The second position in the ranking was taken by France ($X), with a 20% share of total imports. It was followed by Germany, with an 11% share.

From 2012 to 2020, the average annual rate of growth in terms of value from Belgium amounted to +1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+0.4% per year) and Germany (+0.3% per year).

Import Prices by Country

The average canned food import price stood at $X per ton in 2020, with an increase of 3.2% against the previous year. Over the period from 2012 to 2020, it increased at an average annual rate of +1.2%. The growth pace was the most rapid in 2014 an increase of 9.4%. As a result, import price attained the peak level of $X per ton. From 2015 to 2020, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was France ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by the Netherlands (+13.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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