Luxembourg: Sauce And Seasoning Market 2024

Sauce And Seasoning Market Size in Luxembourg

For the fourth year in a row, the Luxembourg sauce and seasoning market recorded growth in sales value, which increased by 6.5% to $X in 2021. The market value increased at an average annual rate of +1.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Sauce and seasoning consumption peaked in 2021 and is expected to retain growth in the immediate term.

Sauce And Seasoning Production in Luxembourg

In value terms, sauce and seasoning production fell rapidly to $X in 2021 estimated in export price. Over the period under review, production recorded a deep slump. The most prominent rate of growth was recorded in 2013 with a decrease of -34.4%. Sauce and seasoning production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Sauce And Seasoning Exports

Exports from Luxembourg

In 2021, sauce and seasoning exports from Luxembourg declined to X tons, waning by -5.4% compared with the year before. Overall, total exports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -9.6% against 2019 indices. The pace of growth was the most pronounced in 2017 when exports increased by 23% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, sauce and seasoning exports skyrocketed to $X in 2021. Over the period under review, total exports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +8.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +76.2% against 2015 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Belgium (X tons), France (X tons) and Germany (X tons) were the main destinations of sauce and seasoning exports from Luxembourg, with a combined 93% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of +7.8%), while the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X) remains the key foreign market for sauces and seasonings exports from Luxembourg, comprising 60% of total exports. The second position in the ranking was held by France ($X), with a 25% share of total exports. It was followed by Germany, with a 6.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Belgium totaled +9.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+8.5% per year) and Germany (+8.6% per year).

Export Prices by Country

In 2021, the average sauce and seasoning export price amounted to $X per ton, rising by 31% against the previous year. Over the last nine years, it increased at an average annual rate of +2.2%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major overseas markets. In 2021, 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 France ($X per ton) and Turkey ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+123.0%), while the prices for the other major destinations experienced more modest paces of growth.

Sauce And Seasoning Imports

Imports into Luxembourg

In 2021, sauce and seasoning imports into Luxembourg expanded sharply to X tons, picking up by 11% compared with the year before. The total import volume increased at an average annual rate of +2.1% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 with an increase of 11% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in years to come.

In value terms, sauce and seasoning imports surged to $X in 2021. The total import value increased at an average annual rate of +3.8% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Belgium (X tons) constituted the largest sauce and seasoning supplier to Luxembourg, accounting for a 53% share of total imports. Moreover, sauce and seasoning imports from Belgium exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was held by France (X tons), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Belgium stood at +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+9.2% per year) and France (+7.3% per year).

In value terms, the largest sauce and seasoning suppliers to Luxembourg were Belgium ($X), Germany ($X) and France ($X), together comprising 92% of total imports.

Among the main suppliers, Germany, with a CAGR of +10.8%, saw 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

The average sauce and seasoning import price stood at $X per ton in 2021, surging by 6.2% against the previous year. Over the last nine years, it increased at an average annual rate of +1.7%. The pace of growth appeared the most rapid in 2013 an increase of 15%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Germany ($X per ton) and Belgium ($X per ton), while the price for France ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :