Luxembourg: Market for Candies, Sweets, and Nonchocolate Confectionery 2024

Market Size for Candies, Sweets, and Nonchocolate Confectionery in Luxembourg

The Luxembourg market for candies, sweets, and nonchocolate confectionery reduced to $X in 2022, shrinking by -8.9% against the previous year. The market value increased at an average annual rate of +1.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Production of Candies, Sweets, and Nonchocolate Confectionery in Luxembourg

In value terms, candy, sweets, and nonchocolate confectionery production declined to $X in 2022 estimated in export price. Overall, production, however, showed a prominent increase. The pace of growth was the most pronounced in 2019 when the production volume increased by 418%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Exports of Candies, Sweets, and Nonchocolate Confectionery

Exports from Luxembourg

Candy, sweets, and nonchocolate confectionery exports from Luxembourg declined rapidly to X tons in 2022, reducing by -16.5% against the year before. In general, exports recorded a deep slump. The most prominent rate of growth was recorded in 2020 with an increase of 43% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, candy, sweets, and nonchocolate confectionery exports fell to $X in 2022. Overall, exports recorded a deep setback. The growth pace was the most rapid in 2018 when exports increased by 34% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

France (X tons), Belgium (X tons) and Germany (X tons) were the main destinations of candy, sweets, and nonchocolate confectionery exports from Luxembourg, with a combined 93% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +23.4%), while the other leaders experienced mixed trend patterns.

In value terms, France ($X) remains the key foreign market for candies, sweets, and nonchocolate confectionery exports from Luxembourg, comprising 46% of total exports. The second position in the ranking was held by Belgium ($X), with a 22% share of total exports. It was followed by Malaysia, with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to France totaled -11.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-6.4% per year) and Malaysia (+15.1% per year).

Export Prices by Country

The average export price for candies, sweets, and nonchocolate confectionery stood at $X per ton in 2022, picking up by 10% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by 32% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to Belgium ($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 Malaysia (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Candies, Sweets, and Nonchocolate Confectionery

Imports into Luxembourg

In 2022, approx. X tons of candies, sweets, and nonchocolate confectionery were imported into Luxembourg; stabilizing at 2021 figures. Overall, imports recorded a noticeable downturn. The pace of growth was the most pronounced in 2019 when imports increased by 2%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, candy, sweets, and nonchocolate confectionery imports fell to $X in 2022. In general, imports continue to indicate a perceptible decline. The pace of growth appeared the most rapid in 2018 with an increase of 14% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Belgium (X tons) constituted the largest candy, sweets, and nonchocolate confectionery supplier to Luxembourg, accounting for a 44% share of total imports. Moreover, candy, sweets, and nonchocolate confectionery imports from Belgium exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was taken by France (X tons), with a 14% share.

From 2012 to 2022, the average annual growth rate of volume from Belgium amounted to -5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-5.1% per year) and France (+2.7% per year).

In value terms, Belgium ($X) constituted the largest supplier of candies, sweets, and nonchocolate confectionery to Luxembourg, comprising 43% of total imports. The second position in the ranking was taken by Germany ($X), with a 17% share of total imports. It was followed by the Netherlands, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from Belgium amounted to -4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-5.7% per year) and the Netherlands (+5.6% per year).

Import Prices by Country

The average import price for candies, sweets, and nonchocolate confectionery stood at $X per ton in 2022, dropping by -6.8% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 14%. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a 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 Switzerland ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+0.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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