Luxembourg: Market for Preparations Used In Animal Feeding 2024

Market Size for Preparations Used In Animal Feeding in Luxembourg

After five years of growth, the Luxembourg preparations for animal feeding market decreased by -11.9% to $X in 2022. Over the period under review, the total consumption indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2021, and then shrank in the following year.

Production of Preparations Used In Animal Feeding in Luxembourg

In value terms, preparations for animal feeding production shrank to $X in 2022 estimated in export price. Over the period under review, production, however, saw a resilient increase. The most prominent rate of growth was recorded in 2019 with an increase of 57% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Exports of Preparations Used In Animal Feeding

Exports from Luxembourg

After two years of decline, overseas shipments of preparations used in animal feeding increased by 16% to X tons in 2022. The total export volume increased at an average annual rate of +1.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when exports increased by 28% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, preparations for animal feeding exports dropped to $X in 2022. In general, exports recorded strong growth. The pace of growth appeared the most rapid in 2019 when exports increased by 201%. Over the period under review, the exports attained the peak figure at $X in 2021, and then reduced in the following year.

Exports by Country

Belgium (X tons), France (X tons) and Germany (X tons) were the main destinations of preparations for animal feeding exports from Luxembourg, together accounting for 98% of total exports.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +5.2%), while shipments for the other leaders experienced a decline.

In value terms, France ($X) remains the key foreign market for preparations used in animal feeding exports from Luxembourg, comprising 69% of total exports. The second position in the ranking was held by Belgium ($X), with a 24% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to France amounted to +17.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+6.7% per year) and Germany (-1.0% per year).

Export Prices by Country

The average preparations for animal feeding export price stood at $X per ton in 2022, with a decrease of -22.2% against the previous year. In general, the export price, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2019 an increase of 150% against the previous year. The export price peaked at $X per ton in 2021, and then contracted dramatically in the following year.

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 France (+20.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Preparations Used In Animal Feeding

Imports into Luxembourg

In 2022, supplies from abroad of preparations used in animal feeding decreased by -13.7% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports recorded a noticeable reduction. The growth pace was the most rapid in 2020 when imports increased by 22% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, preparations for animal feeding imports shrank to $X in 2022. In general, total imports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.0% against 2016 indices. The most prominent rate of growth was recorded in 2018 with an increase of 20%. Over the period under review, imports hit record highs at $X in 2021, and then reduced in the following year.

Imports by Country

Germany (X tons), Belgium (X tons) and the Netherlands (X tons) were the main suppliers of preparations for animal feeding imports to Luxembourg, together comprising 90% of total imports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +4.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Belgium ($X) and France ($X) appeared to be the largest preparations for animal feeding suppliers to Luxembourg, together comprising 81% of total imports.

In terms of the main suppliers, France, with a CAGR of +14.3%, recorded the highest rates of growth with regard to 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 preparations for animal feeding import price amounted to $X per ton, increasing by 7.8% against the previous year. Over the period under review, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, preparations for animal feeding import price increased by +17.5% against 2020 indices. The pace of growth appeared the most rapid in 2013 an increase of 64%. The import price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for Germany ($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 (+11.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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