Luxembourg: Potato Market 2024

Potato Market Size in Luxembourg

For the third consecutive year, the Luxembourg potato market recorded growth in sales value, which increased by 18% to $X in 2021. Overall, consumption, however, showed a slight descent. Potato consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Potato Production in Luxembourg

In value terms, potato production rose to $X in 2021 estimated in export price. Overall, production saw a mild slump. The most prominent rate of growth was recorded in 2016 with an increase of 51%. Potato production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

The average yield of potatoes in Luxembourg dropped modestly to X tons per ha in 2021, shrinking by -1.6% on 2020 figures. In general, the yield showed a noticeable curtailment. The growth pace was the most rapid in 2016 with an increase of 43% against the previous year. Over the period under review, the average potato yield attained the maximum level at X tons per ha in 2012; however, from 2013 to 2021, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, approx. X ha of potatoes were harvested in Luxembourg; shrinking by -1.6% compared with the previous year. Overall, the harvested area, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 3.3%. The potato harvested area peaked at X ha in 2018; however, from 2019 to 2021, the harvested area failed to regain momentum.

Potato Exports

Exports from Luxembourg

In 2021, shipments abroad of potatoes decreased by -53.9% to X tons, falling for the third year in a row after three years of growth. Overall, exports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2014 when exports increased by 229%. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, potato exports reduced markedly to $X in 2021. In general, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when exports increased by 44% against the previous year. The exports peaked at $X in 2020, and then contracted markedly in the following year.

Exports by Country

The Netherlands (X tons), Belgium (X tons) and France (X tons) were the main destinations of potato exports from Luxembourg, with a combined 87% share of total exports.

From 2012 to 2021, the biggest increases were in the Netherlands (with a CAGR of +18.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X) remains the key foreign market for potato exports from Luxembourg, comprising 50% of total exports. The second position in the ranking was taken by the Netherlands ($X), with an 18% share of total exports. It was followed by France, with a 15% share.

From 2012 to 2021, the average annual growth rate of value to Belgium stood at -6.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+26.1% per year) and France (+0.4% per year).

Export Prices by Country

In 2021, the average potato export price amounted to $X per ton, jumping by 82% against the previous year. Over the period under review, the export price, however, saw a deep setback. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Germany ($X per ton), while the average price for exports to Bosnia and Herzegovina ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+64.1%), while the prices for the other major destinations experienced more modest paces of growth.

Potato Imports

Imports into Luxembourg

In 2021, potato imports into Luxembourg reduced to X tons, dropping by -8.7% compared with the previous year's figure. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 19%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, potato imports reached $X in 2021. The total import value increased at an average annual rate of +3.5% 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 2013 with an increase of 36% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

Belgium (X tons), France (X tons) and Germany (X tons) were the main suppliers of potato imports to Luxembourg, together accounting for 94% of total imports.

From 2012 to 2021, the biggest increases were in Germany (with a CAGR of +7.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), France ($X) and Germany ($X) appeared to be the largest potato suppliers to Luxembourg, together comprising 90% of total imports. The Netherlands and Portugal lagged somewhat behind, together accounting for a further 9.3%.

Portugal, with a CAGR of +7.8%, recorded the highest growth rate of the value of imports, among 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 2021, the average potato import price amounted to $X per ton, surging by 11% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.5%. The growth pace was the most rapid in 2013 an increase of 19% against the previous year. Over the period under review, average import prices reached the peak figure in 2021 and is likely to continue growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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