Report Update Nov 1, 2024

Luxembourg - Rennet and Concentrates Thereof - Market Analysis, Forecast, Size, Trends and Insights

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Luxembourg: Rennet Market 2024

Rennet Market Size in Luxembourg

In 2021, the Luxembourg rennet market decreased by -5.9% to $X, falling for the third consecutive year after three years of growth. In general, consumption continues to indicate a abrupt decline. Rennet consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Rennet Exports

Exports from Luxembourg

In 2019, the amount of rennet and concentrates thereof exported from Luxembourg declined dramatically to X kg, which is down by -21.6% compared with the previous year's figure. In general, exports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2014 with an increase of 1,133%. As a result, the exports reached the peak of X kg. From 2015 to 2019, the growth of the exports remained at a lower figure.

In value terms, rennet exports reduced remarkably to $X in 2019. Overall, exports, however, enjoyed moderate growth. The most prominent rate of growth was recorded in 2014 with an increase of 368% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2019, the growth of the exports failed to regain momentum.

Exports by Country

The Netherlands (X kg) was the main destination for rennet exports from Luxembourg, accounting for a approx. 100% share of total exports.

From 2012 to 2019, the average annual rate of growth in terms of volume to the Netherlands stood at +9.9%.

In value terms, the Netherlands ($X) emerged as the key foreign market for rennet and concentrates thereof exports from Luxembourg.

From 2012 to 2019, the average annual growth rate of value to the Netherlands amounted to +4.4%.

Export Prices by Country

In 2019, the average rennet export price amounted to $X per ton, therefore, remained relatively stable against the previous year. In general, the export price, however, continues to indicate a abrupt setback. The growth pace was the most rapid in 2013 when the average export price increased by 62% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2019, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the Netherlands.

From 2012 to 2019, the rate of growth in terms of prices for the Netherlands amounted to -5.0% per year.

Rennet Imports

Imports into Luxembourg

In 2021, supplies from abroad of rennet and concentrates thereof decreased by -9.3% to X tons, falling for the third consecutive year after three years of growth. In general, imports continue to indicate a abrupt contraction. The growth pace was the most rapid in 2017 with an increase of 79%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, rennet imports declined modestly to $X in 2021. Over the period under review, imports recorded a abrupt decline. The growth pace was the most rapid in 2017 with an increase of 81%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Italy (X tons) constituted the largest rennet supplier to Luxembourg, accounting for a 89% share of total imports. Moreover, rennet imports from Italy exceeded the figures recorded by the second-largest supplier, the Netherlands (X kg), more than tenfold. The third position in this ranking was held by Germany (X kg), with a 2% share.

From 2012 to 2021, the average annual growth rate of volume from Italy stood at +9.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+30.7% per year) and Germany (-11.2% per year).

In value terms, Italy ($X) constituted the largest supplier of rennet and concentrates thereof to Luxembourg, comprising 80% of total imports. The second position in the ranking was taken by Portugal ($X), with a 9.4% share of total imports. It was followed by the Netherlands, with a 6.8% share.

From 2012 to 2021, the average annual growth rate of value from Italy totaled +11.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (+10.7% per year) and the Netherlands (+40.1% per year).

Import Prices by Country

The average rennet import price stood at $X per ton in 2021, with an increase of 7.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.2%. The growth pace was the most rapid in 2013 an increase of 24%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+17.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for rennet and concentrates thereof in the world?

The countries with the highest volumes of rennet consumption in 2020 were China, the United States and India, together comprising 40% of global consumption. Japan, Pakistan, Germany, Italy, Brazil, Indonesia, Turkey, France, the UK and Mexico lagged somewhat behind, together accounting for a further 33%.

What are the largest producers of rennet and concentrates thereof in the world?

The countries with the highest volumes of rennet production in 2020 were China, the United States and India, together comprising 40% of global production. Germany, Japan, Pakistan, Italy, Brazil, Indonesia, Turkey, Denmark, France and Mexico lagged somewhat behind, together accounting for a further 36%.

What are the leading suppliers of rennet and concentrates thereof to Luxembourg?

In value terms, Italy constituted the largest supplier of rennet to Luxembourg, comprising 75% of total imports. The second position in the ranking was occupied by France, with an 11% share of total imports.

What is the average export price for rennet and concentrates thereof in Luxembourg?

In 2018, the average rennet export price amounted to $16,860 per ton, stabilizing at the previous year.

What is the average import price for rennet and concentrates thereof in Luxembourg?

In 2020, the average rennet import price amounted to $7,794 per ton, surging by 17% against the previous year.

This report provides an in-depth analysis of the rennet market in Luxembourg. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20146450 - Rennet and concentrates thereof

Country coverage:

Luxembourg

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Luxembourg
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023