Luxembourg: Market for Rusks, Toasted Bread and Similar Toasted Products 2024

Market Size for Rusks, Toasted Bread and Similar Toasted Products in Luxembourg

For the fourth year in a row, the Luxembourg rusks and toasted bread market recorded growth in sales value, which increased by 0.8% to $X in 2021. Overall, consumption, however, saw a relatively flat trend pattern. Rusks and toasted bread consumption peaked in 2021 and is likely to see gradual growth in the near future.

Exports of Rusks, Toasted Bread and Similar Toasted Products

Exports from Luxembourg

In 2021, shipments abroad of rusks, toasted bread and similar toasted products decreased by -19.5% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 1,920%. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, rusks and toasted bread exports surged to $X in 2021. Overall, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 1,621% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to see steady growth in years to come.

Exports by Country

Greece (X tons) was the main destination for rusks and toasted bread exports from Luxembourg, with a 54% share of total exports. Moreover, rusks and toasted bread exports to Greece exceeded the volume sent to the second major destination, Belgium (X tons), threefold. Norway (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2021, the average annual growth rate of volume to Greece amounted to +135.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-0.6% per year) and Norway (+137.2% per year).

In value terms, Greece ($X) remains the key foreign market for rusks, toasted bread and similar toasted products exports from Luxembourg, comprising 64% of total exports. The second position in the ranking was held by Norway ($X), with a 14% share of total exports. It was followed by Belgium, with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Greece amounted to +126.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+141.4% per year) and Belgium (+10.6% per year).

Export Prices by Country

The average rusks and toasted bread export price stood at $X per ton in 2021, increasing by 44% against the previous year. Overall, the export price recorded significant growth. The most prominent rate of growth was recorded in 2018 when the average export price increased by 107% against the previous year. The export price peaked in 2021 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to the UK ($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 Belgium (+11.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rusks, Toasted Bread and Similar Toasted Products

Imports into Luxembourg

In 2021, overseas purchases of rusks, toasted bread and similar toasted products decreased by -2.9% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 36% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, rusks and toasted bread imports stood at $X in 2021. The total import value increased at an average annual rate of +1.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 with an increase of 34% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the near future.

Imports by Country

Belgium (X tons), Germany (X tons) and France (X tons) were the main suppliers of rusks and toasted bread imports to Luxembourg, together accounting for 92% of total imports. Italy lagged somewhat behind, accounting for a further 5.5%.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +8.1%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Belgium ($X), Germany ($X) and France ($X) appeared to be the largest rusks and toasted bread suppliers to Luxembourg, with a combined 87% share of total imports. Italy lagged somewhat behind, accounting for a further 7.1%.

Italy, with a CAGR of +7.0%, saw 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 mixed trend patterns.

Import Prices by Country

The average rusks and toasted bread import price stood at $X per ton in 2021, rising by 3.9% against the previous year. Over the last nine years, it increased at an average annual rate of +1.6%. The pace of growth appeared the most rapid in 2018 when the average import price increased by 11% against the previous year. Over the period under review, average import prices reached the maximum in 2021 and is likely to continue growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+4.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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