Luxembourg: Oil Crops Market 2024

Oil Crops Market Size in Luxembourg

The Luxembourg oil crops market skyrocketed to $X in 2022, growing by X% against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Oil crops consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Oil Crops Production in Luxembourg

In value terms, oil crops production amounted to $X in 2022 estimated in export price. In general, production, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Oil crops production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

In 2022, the average oil crops yield in Luxembourg skyrocketed to X tons per ha, increasing by X% against 2021. Overall, the yield, however, showed a relatively flat trend pattern. The oil crops yield peaked at X tons per ha in 2020; however, from 2021 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The oil crops harvested area in Luxembourg soared to X ha in 2022, jumping by X% on the previous year's figure. Overall, the harvested area, however, saw a abrupt contraction. Over the period under review, the harvested area dedicated to oil crops production reached the peak figure at X ha in 2012; however, from 2013 to 2022, the harvested area stood at a somewhat lower figure.

Oil Crops Exports

Exports from Luxembourg

In 2022, shipments abroad of oil crops (primary) increased by X% to X tons for the first time since 2018, thus ending a three-year declining trend. In general, exports, however, recorded a deep reduction. Over the period under review, the exports reached the peak figure at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, oil crops exports soared to $X in 2022. Overall, exports, however, showed a mild downturn. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for oil crops exports from Luxembourg, accounting for a X% share of total exports. Moreover, oil crops exports to Germany exceeded the volume sent to the second major destination, France (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Germany totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Belgium (X% per year).

In value terms, Germany ($X), France ($X) and Belgium ($X) appeared to be the largest markets for oil crops exported from Luxembourg worldwide, with a combined X% share of total exports.

Belgium, with a CAGR of X%, saw 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 mixed trend patterns.

Export Prices by Country

The average oil crops export price stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the export price continues to indicate a tangible increase. The most prominent rate of growth was recorded in 2021 an increase of X%. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Germany ($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 Belgium (X%), while the prices for the other major destinations experienced mixed trend patterns.

Oil Crops Imports

Imports into Luxembourg

In 2022, supplies from abroad of oil crops (primary) was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Overall, imports recorded notable growth. The pace of growth was the most pronounced in 2014 when imports increased by X%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, oil crops imports skyrocketed to $X in 2022. In general, imports enjoyed strong growth. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of oil crops to Luxembourg, with a X% share of total imports. Moreover, oil crops imports from Germany exceeded the figures recorded by the second-largest supplier, France (X tons), twofold. The third position in this ranking was held by Belgium (X tons), with a X% share.

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

In value terms, the largest oil crops suppliers to Luxembourg were Germany ($X), France ($X) and Belgium ($X), together accounting for X% of total imports. The Netherlands and Argentina lagged somewhat behind, together accounting for a further X%.

Argentina, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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 oil crops import price amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the import price, however, saw a prominent expansion. The pace of growth was the most pronounced in 2015 an increase of X%. Over the period under review, average import prices attained the maximum at $X per ton in 2021, and then shrank significantly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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