Luxembourg: Prepared Mustard Market 2024

Prepared Mustard Market Size in Luxembourg

For the third year in a row, the Luxembourg prepared mustard market recorded growth in sales value, which increased by 1.1% to $X in 2021. Over the period under review, the total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +77.9% against 2015 indices. Prepared mustard consumption peaked in 2021 and is likely to see steady growth in the immediate term.

Prepared Mustard Production in Luxembourg

In value terms, prepared mustard production shrank to $X in 2021 estimated in export price. In general, production, however, continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2017 with an increase of 71%. Prepared mustard production peaked at $X in 2020, and then reduced in the following year.

Prepared Mustard Exports

Exports from Luxembourg

In 2021, shipments abroad of prepared mustard increased by 4.6% to X tons, rising for the fourth consecutive year after two years of decline. In general, exports posted a buoyant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 59%. The exports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, prepared mustard exports expanded significantly to $X in 2021. Overall, exports showed a strong increase. The most prominent rate of growth was recorded in 2018 when exports increased by 87% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

Belgium (X tons) was the main destination for prepared mustard exports from Luxembourg, with a 64% share of total exports. Moreover, prepared mustard exports to Belgium exceeded the volume sent to the second major destination, France (X tons), fourfold. Azerbaijan (X tons) ranked third in terms of total exports with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Belgium totaled +17.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+10.4% per year) and Azerbaijan (+19.5% per year).

In value terms, Belgium ($X) remains the key foreign market for prepared mustard exports from Luxembourg, comprising 63% of total exports. The second position in the ranking was taken by Azerbaijan ($X), with a 17% share of total exports. It was followed by France, with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Belgium totaled +24.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Azerbaijan (+17.2% per year) and France (+14.7% per year).

Export Prices by Country

The average prepared mustard export price stood at $X per ton in 2021, rising by 9.3% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.4%. The pace of growth appeared the most rapid in 2018 when the average export price increased by 18%. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the near future.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Azerbaijan ($X per ton) and Germany ($X per ton), while the average price for exports to France ($X per ton) and Belgium ($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 Belgium (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.

Prepared Mustard Imports

Imports into Luxembourg

Prepared mustard imports into Luxembourg totaled X tons in 2021, increasing by 7.2% against the previous year's figure. Over the period under review, total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -1.6% against 2019 indices. The most prominent rate of growth was recorded in 2018 with an increase of 33% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, prepared mustard imports totaled $X in 2021. Overall, total imports indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +59.9% against 2017 indices. The most prominent rate of growth was recorded in 2018 with an increase of 26%. Imports peaked in 2021 and are likely to see gradual growth in the near future.

Imports by Country

Belgium (X tons), France (X tons) and Germany (X tons) were the main suppliers of prepared mustard imports to Luxembourg, together comprising 91% of total imports. Portugal and the Netherlands lagged somewhat behind, together accounting for a further 8.3%.

From 2012 to 2021, the biggest increases were recorded for Portugal (with a CAGR of +10.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X) constituted the largest supplier of prepared mustard to Luxembourg, comprising 54% of total imports. The second position in the ranking was taken by France ($X), with a 24% share of total imports. It was followed by Germany, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from Belgium totaled +6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+3.0% per year) and Germany (+5.3% per year).

Import Prices by Country

The average prepared mustard import price stood at $X per ton in 2021, surging by 2.9% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 34%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, 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 the Netherlands ($X per ton), while the price for France ($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 (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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