Luxembourg: Vegetable Waxes Market 2025

Vegetable Waxes Market Size in Luxembourg

The Luxembourg vegetable waxes market shrank dramatically to $X in 2022, dropping by X% against the previous year. In general, consumption recorded a abrupt shrinkage. Vegetable waxes consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Vegetable Waxes Production in Luxembourg

In value terms, vegetable waxes production contracted to $X in 2022 estimated in export price. In general, production saw a abrupt curtailment. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Vegetable waxes production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Vegetable Waxes Exports

Exports from Luxembourg

In 2022, after two years of decline, there was significant decline in shipments abroad of vegetable waxes, when their volume decreased by X% to X kg. Overall, exports recorded a abrupt downturn. The pace of growth was the most pronounced in 2014 when exports increased by X%. Over the period under review, the exports hit record highs at X kg in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, vegetable waxes exports soared to $X in 2022. Over the period under review, exports recorded a pronounced shrinkage. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Belgium (X kg), France (X kg) and the Netherlands (X kg) were the main destinations of vegetable waxes exports from Luxembourg. Moreover, vegetable waxes exports in Belgium exceeded the figures recorded by the second-largest exporter, France, twofold.

From 2013 to 2022, the biggest increases were recorded for Belgium (with a CAGR of X%), while shipments for the other leaders experienced a decline.

In value terms, France ($X) emerged as the key foreign market for vegetable waxes exports from Luxembourg, comprising X% of total exports. The second position in the ranking was taken by Belgium ($X), with a X% share of total exports.

From 2013 to 2022, the average annual rate of growth in terms of value to France totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (X% per year) and the Netherlands (X% per year).

Export Prices by Country

In 2022, the average vegetable waxes export price amounted to $X per ton, picking up by X% against the previous year. In general, the export price saw resilient growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (X%), while the prices for the other major destinations experienced mixed trend patterns.

Vegetable Waxes Imports

Imports into Luxembourg

In 2022, vegetable waxes imports into Luxembourg dropped markedly to X tons, waning by X% against the previous year's figure. Overall, imports, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Imports peaked at X tons in 2021, and then dropped notably in the following year.

In value terms, vegetable waxes imports reduced notably to $X in 2022. In general, imports, however, posted a significant increase. The pace of growth was the most pronounced in 2018 when imports increased by X%. Imports peaked at $X in 2021, and then declined rapidly in the following year.

Imports by Country

In 2022, Germany (X tons) was the main vegetable waxes supplier to Luxembourg, accounting for a X% share of total imports. Moreover, vegetable waxes imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Germany stood at X%.

In value terms, Germany ($X) constituted the largest supplier of vegetable waxes to Luxembourg, comprising X% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Germany totaled X%.

Import Prices by Country

The average vegetable waxes import price stood at $X per ton in 2022, falling by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2016 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the Netherlands amounted to $X per ton.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :