Luxembourg: Shelled Hazelnut Market 2024

Shelled Hazelnut Market Size in Luxembourg

The Luxembourg shelled hazelnut market surged to $X in 2021, picking up by 20% against the previous year. Overall, the total consumption indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +25.0% against 2018 indices. Over the period under review, the market attained the peak level in 2021 and is likely to continue growth in years to come.

Shelled Hazelnut Production in Luxembourg

In value terms, shelled hazelnut production expanded significantly to $X in 2021 estimated in export price. In general, production, however, continues to indicate a mild contraction. The growth pace was the most rapid in 2019 with an increase of 48% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Shelled Hazelnut Exports

Exports from Luxembourg

In 2021, shipments abroad of shelled hazelnuts increased by 32% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports showed a strong increase. The most prominent rate of growth was recorded in 2015 when exports increased by 348%. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, shelled hazelnut exports skyrocketed to $X in 2021. Overall, exports posted a resilient increase. The pace of growth appeared the most rapid in 2015 with an increase of 300% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Belgium (X tons), France (X tons) and Germany (X kg) were the main destinations of shelled hazelnut exports from Luxembourg, with a combined 100% share of total exports.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +17.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for shelled hazelnut exported from Luxembourg were Belgium ($X), France ($X) and Germany ($X), with a combined 100% share of total exports.

Among the main countries of destination, France, with a CAGR of +15.3%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average shelled hazelnut export price stood at $X per ton in 2021, rising by 10% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by 45%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Germany ($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 (+1.4%), while the prices for the other major destinations experienced a decline.

Shelled Hazelnut Imports

Imports into Luxembourg

Shelled hazelnut imports into Luxembourg surged to X tons in 2021, with an increase of 24% on 2020 figures. Over the period under review, imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2016 with an increase of 48%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, shelled hazelnut imports skyrocketed to $X in 2021. In general, total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +8.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +25.3% against 2017 indices. The growth pace was the most rapid in 2014 with an increase of 39% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

Imports by Country

Germany (X tons), France (X tons) and Belgium (X tons) were the main suppliers of shelled hazelnut imports to Luxembourg, together accounting for 79% of total imports. Italy lagged somewhat behind, accounting for a further 19%.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +22.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest shelled hazelnut suppliers to Luxembourg were Germany ($X), France ($X) and Belgium ($X), together accounting for 80% of total imports. Italy lagged somewhat behind, comprising a further 18%.

Italy, with a CAGR of +22.6%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average shelled hazelnut import price stood at $X per ton in 2021, shrinking by -1.6% against the previous year. Overall, the import price recorded a perceptible downturn. The pace of growth appeared the most rapid in 2020 when the average import price increased by 22%. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Germany ($X per ton) and Belgium ($X per ton), while the price for France ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (-0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform