Luxembourg: Vegetable Product Market 2025

Vegetable Product Market Size in Luxembourg

For the eighth consecutive year, the Luxembourg vegetable product market recorded growth in sales value, which increased by 15% to $X in 2022. Overall, consumption recorded a significant increase. Over the period under review, the market reached the peak level in 2022 and is likely to continue growth in the immediate term.

Vegetable Product Exports

Exports from Luxembourg

In 2022, overseas shipments of vegetable products decreased by -69% to X kg, falling for the second consecutive year after four years of growth. Over the period under review, exports, however, showed buoyant growth. The pace of growth appeared the most rapid in 2015 when exports increased by 314%. Over the period under review, the exports reached the maximum at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, vegetable product exports declined rapidly to $X in 2022. In general, exports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2015 with an increase of 1,626%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X kg) was the main destination for vegetable product exports from Luxembourg, accounting for a 72% share of total exports. Moreover, vegetable product exports to Germany exceeded the volume sent to the second major destination, Belgium (X kg), fivefold. France (X kg) ranked third in terms of total exports with a 7.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany totaled +20.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+7.1% per year) and France (+30.0% per year).

In value terms, Germany ($X) remains the key foreign market for vegetable products exports from Luxembourg, comprising 69% of total exports. The second position in the ranking was held by Austria ($X), with a 15% share of total exports. It was followed by France, with an 8.1% share.

From 2012 to 2022, the average annual growth rate of value to Germany totaled +30.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (-16.5% per year) and France (+46.6% per year).

Export Prices by Country

In 2022, the average vegetable product export price amounted to $X per ton, declining by -2.7% against the previous year. Overall, the export price, however, showed buoyant growth. The most prominent rate of growth was recorded in 2015 when the average export price increased by 317% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Belgium ($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 France (+12.7%), while the prices for the other major destinations experienced mixed trend patterns.

Vegetable Product Imports

Imports into Luxembourg

In 2022, the amount of vegetable products imported into Luxembourg expanded sharply to X tons, with an increase of 11% compared with the year before. In general, imports saw significant growth. The pace of growth was the most pronounced in 2013 with an increase of 855%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, vegetable product imports soared to $X in 2022. Over the period under review, imports recorded a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of 1,181% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Poland (X tons) and Spain (X tons) were the main suppliers of vegetable product imports to Luxembourg, with a combined 96% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +151.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), China ($X) and Germany ($X) constituted the largest vegetable product suppliers to Luxembourg, with a combined 96% share of total imports.

In terms of the main suppliers, China, with a CAGR of +139.8%, recorded 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

In 2022, the average vegetable product import price amounted to $X per ton, picking up by 6.6% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 126%. As a result, import price reached the peak level of $X per ton. From 2015 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 Germany ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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