Luxembourg: Preserved Sweet Corn Market 2024

Preserved Sweet Corn Market Size in Luxembourg

The Luxembourg preserved sweet corn market rose sharply to $X in 2022, growing by 12% 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). Over the period under review, the total consumption indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +65.7% against 2016 indices. Preserved sweet corn consumption peaked in 2022 and is likely to see gradual growth in years to come.

Preserved Sweet Corn Exports

Exports from Luxembourg

In 2022, overseas shipments of sweet corn prepared or preserved decreased by -41.4% to X tons, falling for the second year in a row after four years of growth. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by 219%. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, preserved sweet corn exports fell rapidly to $X in 2022. In general, exports, however, posted measured growth. The most prominent rate of growth was recorded in 2020 with an increase of 168% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then declined significantly in the following year.

Exports by Country

Belgium (X tons) was the main destination for preserved sweet corn exports from Luxembourg, accounting for a 63% share of total exports. Moreover, preserved sweet corn exports to Belgium exceeded the volume sent to the second major destination, France (X tons), twofold. Germany (X kg) ranked third in terms of total exports with a 3.6% share.

From 2012 to 2022, the average annual growth rate of volume to Belgium totaled +4.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+3.4% per year) and Germany (-0.7% per year).

In value terms, Belgium ($X) emerged as the key foreign market for sweet corn prepared or preserved exports from Luxembourg, comprising 63% of total exports. The second position in the ranking was taken by France ($X), with a 29% share of total exports. It was followed by Germany, with a 4.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Belgium stood at +7.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+7.8% per year) and Germany (+4.8% per year).

Export Prices by Country

In 2022, the average preserved sweet corn export price amounted to $X per ton, with an increase of 5% against the previous year. Over the period under review, export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, preserved sweet corn export price increased by +91.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 83%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to continue growth in the near future.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Germany ($X per ton) and Azerbaijan ($X per ton), while the average price for exports to France ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Azerbaijan (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Sweet Corn Imports

Imports into Luxembourg

Preserved sweet corn imports into Luxembourg stood at X tons in 2022, picking up by 11% compared with the year before. The total import volume increased at an average annual rate of +3.2% over the period 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 12% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, preserved sweet corn imports rose remarkably to $X in 2022. Over the period under review, total imports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +81.9% against 2016 indices. The pace of growth appeared the most rapid in 2018 with an increase of 24%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Belgium (X tons) constituted the largest preserved sweet corn supplier to Luxembourg, accounting for a 47% share of total imports. Moreover, preserved sweet corn imports from Belgium exceeded the figures recorded by the second-largest supplier, France (X tons), twofold. Hungary (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from Belgium was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: France (+2.2% per year) and Hungary (+51.1% per year).

In value terms, the largest preserved sweet corn suppliers to Luxembourg were Belgium ($X), France ($X) and the Netherlands ($X), with a combined 82% share of total imports. Germany and Hungary lagged somewhat behind, together accounting for a further 15%.

In terms of the main suppliers, Hungary, with a CAGR of +49.0%, recorded the highest growth rate of 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 preserved sweet corn import price stood at $X per ton in 2022, leveling off at the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 23%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+3.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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