Luxembourg: Market for Malt Extract And Food Preparations Of Flour, Meal, And Starch 2024

Market Size for Malt Extract And Food Preparations Of Flour, Meal, And Starch in Luxembourg

In 2022, the Luxembourg market for malt extract and food preparations of flour, meal, and starches decreased by -14.3% to $X, falling for the third consecutive year after two years of growth. Over the period under review, consumption saw a deep slump. The most prominent rate of growth was recorded in 2018 when the market value increased by 7.8%. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Exports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Exports from Luxembourg

In 2022, overseas shipments of malt extract and food preparations of flour, meal, and starches decreased by -19% to X tons, falling for the second year in a row after four years of growth. Over the period under review, exports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of 775%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, exports of malt extract and food preparations of flour, meal, and starches reduced markedly to $X in 2022. Overall, exports, however, enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2017 when exports increased by 715% against the previous year. Over the period under review, the exports of attained the maximum at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for exports of malt extract and food preparations of flour, meal, and starches from Luxembourg, with a 91% share of total exports. Moreover, exports of malt extract and food preparations of flour, meal, and starches to Germany exceeded the volume sent to the second major destination, Kazakhstan (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Germany stood at +83.6%.

In value terms, Germany ($X) remains the key foreign market for malt extract and food preparations of flour, meal, and starches exports from Luxembourg, comprising 85% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with an 11% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Germany totaled +89.1%.

Export Prices by Country

In 2022, the average export price for malt extract and food preparations of flour, meal, and starches amounted to $X per ton, growing by 2.1% against the previous year. Over the period under review, the export price, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2016 an increase of 44%. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while the average price for exports to Germany totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+3.0%).

Imports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Imports into Luxembourg

In 2022, overseas purchases of malt extract and food preparations of flour, meal, and starches decreased by -16.6% to X tons, falling for the third year in a row after three years of growth. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when imports increased by 50%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of malt extract and food preparations of flour, meal, and starches contracted markedly to $X in 2022. Overall, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 56%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, France (X tons) constituted the largest supplier of malt extract and food preparations of flour, meal, and starch to Luxembourg, accounting for a 68% share of total imports. Moreover, imports of malt extract and food preparations of flour, meal, and starches from France exceeded the figures recorded by the second-largest supplier, Belgium (X tons), fivefold. Germany (X tons) ranked third in terms of total imports with a 9.3% share.

From 2012 to 2022, the average annual growth rate of volume from France amounted to +9.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-6.7% per year) and Germany (-10.7% per year).

In value terms, France ($X) constituted the largest supplier of malt extract and food preparations of flour, meal, and starches to Luxembourg, comprising 59% of total imports. The second position in the ranking was held by Belgium ($X), with a 17% share of total imports. It was followed by Germany, with a 9.7% share.

From 2012 to 2022, the average annual growth rate of value from France totaled +2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-4.7% per year) and Germany (-7.8% per year).

Import Prices by Country

In 2022, the average import price for malt extract and food preparations of flour, meal, and starches amounted to $X per ton, remaining constant against the previous year. In general, the import price continues to indicate a slight curtailment. The most prominent rate of growth was recorded in 2013 when the average import price increased by 29% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average 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 Switzerland ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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