Luxembourg: Temporarily Preserved Vegetable Market 2024

Temporarily Preserved Vegetable Market Size in Luxembourg

The Luxembourg temporarily preserved vegetable market dropped to $X in 2022, declining by -5.1% 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). Overall, consumption, however, continues to indicate a buoyant expansion. Temporarily preserved vegetable consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Temporarily Preserved Vegetable Exports

Exports from Luxembourg

Temporarily preserved vegetable exports from Luxembourg contracted markedly to X tons in 2022, which is down by -22.9% against 2021. Overall, exports showed a deep reduction. The most prominent rate of growth was recorded in 2015 when exports increased by 78% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, temporarily preserved vegetable exports declined markedly to $X in 2022. In general, exports, however, continue to indicate slight growth. The pace of growth was the most pronounced in 2015 when exports increased by 152% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Belgium (X tons) was the main destination for temporarily preserved vegetable exports from Luxembourg, accounting for a 84% share of total exports. Moreover, temporarily preserved vegetable exports to Belgium exceeded the volume sent to the second major destination, France (X kg), tenfold.

From 2012 to 2022, the average annual growth rate of volume to Belgium totaled -10.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-11.9% per year) and Germany (-13.1% per year).

In value terms, Belgium ($X) remains the key foreign market for vegetables (temporarily preserved) exports from Luxembourg, comprising 85% of total exports. The second position in the ranking was taken by France ($X), with a 10% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Belgium totaled +2.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+0.4% per year) and Germany (-11.0% per year).

Export Prices by Country

In 2022, the average temporarily preserved vegetable export price amounted to $X per ton, with a decrease of -14.3% against the previous year. In general, the export price, however, showed strong growth. The pace of growth was the most pronounced in 2017 an increase of 81% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2021, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Germany ($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 Oman (+27.9%), while the prices for the other major destinations experienced more modest paces of growth.

Temporarily Preserved Vegetable Imports

Imports into Luxembourg

In 2022, the amount of vegetables (temporarily preserved) imported into Luxembourg declined to X tons, shrinking by -6.8% on the year before. Over the period under review, imports, however, recorded measured growth. The most prominent rate of growth was recorded in 2018 when imports increased by 95%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, temporarily preserved vegetable imports reduced to $X in 2022. In general, imports, however, posted resilient growth. The most prominent rate of growth was recorded in 2018 when imports increased by 70% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then reduced modestly in the following year.

Imports by Country

In 2022, Italy (X tons) constituted the largest supplier of temporarily preserved vegetable to Luxembourg, accounting for a 47% share of total imports. Moreover, temporarily preserved vegetable imports from Italy exceeded the figures recorded by the second-largest supplier, Belgium (X tons), threefold. Germany (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2022, the average annual growth rate of volume from Italy totaled +48.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+5.3% per year) and Germany (+0.1% per year).

In value terms, Italy ($X) constituted the largest supplier of vegetables (temporarily preserved) to Luxembourg, comprising 40% of total imports. The second position in the ranking was taken by Belgium ($X), with an 18% share of total imports. It was followed by Germany, with a 16% share.

From 2012 to 2022, the average annual growth rate of value from Italy amounted to +34.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+7.7% per year) and Germany (-2.4% per year).

Import Prices by Country

The average temporarily preserved vegetable import price stood at $X per ton in 2022, picking up by 1.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2013 an increase of 16% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 France ($X per ton), while the price for Morocco ($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 (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :