Luxembourg: Market for Mixed Condiments, Sauses and Seasonings 2024

Market Size for Mixed Condiments, Sauses and Seasonings in Luxembourg

In 2022, the Luxembourg market for mixed condiments, sauses and seasonings decreased by -8% to $X for the first time since 2019, thus ending a two-year rising trend. The market value increased at an average annual rate of +2.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X, and then shrank in the following year.

Exports of Mixed Condiments, Sauses and Seasonings

Exports from Luxembourg

In 2022, approx. X tons of mixed condiments, sauses and seasonings were exported from Luxembourg; picking up by 20% against the year before. Over the period under review, total exports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +7.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +25.0% against 2020 indices. The growth pace was the most rapid in 2017 when exports increased by 40% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, mixed condiment, sause and seasoning exports soared to $X in 2022. In general, exports enjoyed a prominent increase. The pace of growth appeared the most rapid in 2021 when exports increased by 35% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

Exports by Country

Belgium (X tons), France (X tons) and Germany (X tons) were the main destinations of mixed condiment, sause and seasoning exports from Luxembourg, with a combined 95% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +9.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X) remains the key foreign market for mixed condiments, sauses and seasonings exports from Luxembourg, comprising 59% of total exports. The second position in the ranking was taken by France ($X), with a 27% share of total exports. It was followed by Germany, with a 7.6% share.

From 2012 to 2022, the average annual growth rate of value to Belgium stood at +11.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+10.1% per year) and Germany (+12.0% per year).

Export Prices by Country

In 2022, the average export price for mixed condiments, sauses and seasonings amounted to $X per ton, growing by 6.7% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. The pace of growth was the most pronounced in 2021 when the average export price increased by 30% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Azerbaijan ($X per ton) and Belgium ($X per ton), while the average price for exports to Germany ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Azerbaijan (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Mixed Condiments, Sauses and Seasonings

Imports into Luxembourg

In 2022, mixed condiment, sause and seasoning imports into Luxembourg contracted slightly to X tons, shrinking by -4.7% against the previous year's figure. The total import volume increased at an average annual rate of +2.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 16% against the previous year. As a result, imports attained the peak of X tons, and then shrank modestly in the following year.

In value terms, mixed condiment, sause and seasoning imports shrank to $X in 2022. The total import value increased at an average annual rate of +3.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 21% against the previous year. As a result, imports attained the peak of $X, and then contracted in the following year.

Imports by Country

Belgium (X tons), Germany (X tons) and Italy (X tons) were the main suppliers of mixed condiment, sause and seasoning imports to Luxembourg, with a combined 82% share of total imports. France, the Netherlands, Thailand, China and Portugal lagged somewhat behind, together comprising a further 14%.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +9.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest mixed condiment, sause and seasoning suppliers to Luxembourg were Belgium ($X), Germany ($X) and Italy ($X), with a combined 78% share of total imports. France, the Netherlands, Thailand, China and Portugal lagged somewhat behind, together accounting for a further 14%.

Among the main suppliers, Thailand, with a CAGR of +17.1%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for mixed condiments, sauses and seasonings amounted to $X per ton, with a decrease of -2.7% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average import price increased by 9.1%. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, 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 Italy ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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