Luxembourg: Soft Drink Market 2024

Soft Drink Market Size in Luxembourg

The Luxembourg soft drink market amounted to $X in 2021, with an increase of 2.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +4.3% 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 +63.1% against 2015 indices. Soft drink consumption peaked in 2021 and is likely to continue growth in the immediate term.

Soft Drink Exports

Exports from Luxembourg

For the fifth year in a row, Luxembourg recorded growth in overseas shipments of soft drinks, which increased by 37% to X litres in 2021. Overall, exports enjoyed a significant increase. The growth pace was the most rapid in 2014 when exports increased by 114% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, soft drink exports expanded sharply to $X in 2021. In general, exports enjoyed a strong expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 98%. The exports peaked in 2021 and are likely to see gradual growth in years to come.

Exports by Country

France (X litres) was the main destination for soft drink exports from Luxembourg, accounting for a 54% share of total exports. Moreover, soft drink exports to France exceeded the volume sent to the second major destination, Belgium (X litres), twofold. The third position in this ranking was taken by Germany (X litres), with a 19% share.

From 2012 to 2021, the average annual growth rate of volume to France totaled +43.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+45.6% per year) and Germany (+17.8% per year).

In value terms, France ($X) remains the key foreign market for soft drink exports from Luxembourg, comprising 54% of total exports. The second position in the ranking was held by Belgium ($X), with a 22% share of total exports. It was followed by Germany, with an 18% share.

From 2012 to 2021, the average annual rate of growth in terms of value to France stood at +32.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+31.8% per year) and Germany (+5.6% per year).

Export Prices by Country

In 2021, the average soft drink export price amounted to $X per litre, with a decrease of -18.8% against the previous year. Overall, the export price showed a abrupt curtailment. The growth pace was the most rapid in 2018 when the average export price increased by 9.7%. Over the period under review, the average export prices attained the peak figure at $X per litre in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2021, the highest price was recorded for prices to Spain ($X per litre) and France ($X per litre), while the average price for exports to Slovakia ($X per litre) and Germany ($X per litre) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Spain (-6.4%), while the prices for the other major destinations experienced a decline.

Soft Drink Imports

Imports into Luxembourg

Soft drink imports into Luxembourg amounted to X litres in 2021, surging by 12% against 2020. Overall, imports showed a buoyant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 79%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in years to come.

In value terms, soft drink imports rose sharply to $X in 2021. Over the period under review, total imports indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of 24% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Belgium (X litres) constituted the largest soft drink supplier to Luxembourg, accounting for a 74% share of total imports. Moreover, soft drink imports from Belgium exceeded the figures recorded by the second-largest supplier, Germany (X litres), sixfold. The third position in this ranking was taken by France (X litres), with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Belgium totaled +12.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+19.5% per year) and France (+0.9% per year).

In value terms, Belgium ($X) constituted the largest supplier of soft drink to Luxembourg, comprising 73% of total imports. The second position in the ranking was taken by Germany ($X), with a 12% share of total imports. It was followed by France, with a 5% share.

From 2012 to 2021, the average annual growth rate of value from Belgium stood at +5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+11.6% per year) and France (-4.6% per year).

Import Prices by Country

In 2021, the average soft drink import price amounted to $X per litre, growing by 2.1% against the previous year. Overall, the import price, however, showed a deep reduction. The pace of growth appeared the most rapid in 2018 when the average import price increased by 10%. Over the period under review, average import prices attained the peak figure at $X per litre in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (-5.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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