Luxembourg: Pasta And Couscous Market 2024

Pasta And Couscous Market Size in Luxembourg

In 2022, the Luxembourg pasta and couscous market increased by 2.6% to $X, rising for the seventh consecutive year after two years of decline. In general, consumption enjoyed a buoyant increase. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in the near future.

Pasta And Couscous Exports

Exports from Luxembourg

After five years of decline, shipments abroad of stuffed pasta and couscous increased by 6.5% to X tons in 2022. Overall, exports, however, recorded a dramatic contraction. The most prominent rate of growth was recorded in 2015 when exports increased by 29% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, pasta and couscous exports expanded markedly to $X in 2022. In general, exports, however, showed a significant curtailment. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Belgium (X tons) was the main destination for pasta and couscous exports from Luxembourg, accounting for a 65% share of total exports. Moreover, pasta and couscous exports to Belgium exceeded the volume sent to the second major destination, France (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Belgium totaled -25.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-38.9% per year) and Germany (-40.7% per year).

In value terms, Belgium ($X) remains the key foreign market for stuffed pasta and couscous exports from Luxembourg, comprising 66% of total exports. The second position in the ranking was taken by France ($X), with a 23% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Belgium amounted to -17.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-31.9% per year) and Germany (-34.5% per year).

Export Prices by Country

In 2022, the average pasta and couscous export price amounted to $X per ton, rising by 3.2% against the previous year. Over the period under review, the export price showed a strong expansion. The pace of growth appeared the most rapid in 2019 when the average export price increased by 140%. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major foreign markets. In 2022, 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 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+11.4%), while the prices for the other major destinations experienced more modest paces of growth.

Pasta And Couscous Imports

Imports into Luxembourg

In 2022, pasta and couscous imports into Luxembourg expanded notably to X tons, with an increase of 12% on the previous year. The total import volume increased at an average annual rate of +1.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, pasta and couscous imports totaled $X in 2022. The total import value increased at an average annual rate of +2.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when imports increased by 19%. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

Belgium (X tons), Italy (X tons) and France (X tons) were the main suppliers of pasta and couscous imports to Luxembourg, together accounting for 76% of total imports. Germany and the Netherlands lagged somewhat behind, together comprising a further 17%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +20.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest pasta and couscous suppliers to Luxembourg were Belgium ($X), Italy ($X) and France ($X), together accounting for 74% of total imports. Germany and the Netherlands lagged somewhat behind, together accounting for a further 19%.

Among the main suppliers, the Netherlands, with a CAGR of +20.1%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average pasta and couscous import price stood at $X per ton in 2022, shrinking by -10.7% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average import price increased by 22% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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