Luxembourg: Market for Spirits, Liqueurs And Other Spirituous Beverages 2024

Exports of Spirits, Liqueurs And Other Spirituous Beverages

Exports from Luxembourg

In 2022, approx. X litres of spirits, liqueurs and other spirituous beverages were exported from Luxembourg; with an increase of 10% compared with 2021 figures. In general, exports enjoyed significant growth. The growth pace was the most rapid in 2018 when exports increased by 115% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, exports of spirits, liqueurs and other spirituous beverages amounted to $X in 2022. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2018 when exports increased by 104% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

Belgium (X litres) was the main destination for exports of spirits, liqueurs and other spirituous beverages from Luxembourg, accounting for a 65% share of total exports. Moreover, exports of spirits, liqueurs and other spirituous beverages to Belgium exceeded the volume sent to the second major destination, Germany (X litres), fivefold. France (X litres) ranked third in terms of total exports with a 9.6% share.

From 2012 to 2022, the average annual growth rate of volume to Belgium stood at +25.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+84.2% per year) and France (+33.2% per year).

In value terms, Belgium ($X) remains the key foreign market for spirits, liqueurs and other spirituous beverages exports from Luxembourg, comprising 69% of total exports. The second position in the ranking was held by Germany ($X), with a 14% share of total exports. It was followed by the Netherlands, with a 7.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Belgium amounted to +23.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+83.6% per year) and the Netherlands (+36.6% per year).

Export Prices by Country

In 2022, the average export price for spirits, liqueurs and other spirituous beverages amounted to $X per litre, waning by -8.1% against the previous year. In general, the export price continues to indicate a noticeable decrease. The growth pace was the most rapid in 2017 an increase of 21%. Over the period under review, the average export prices attained the peak figure at $X per litre in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (-0.3%), while the prices for the other major destinations experienced a decline.

Imports of Spirits, Liqueurs And Other Spirituous Beverages

Imports into Luxembourg

In 2022, overseas purchases of spirits, liqueurs and other spirituous beverages increased by 17% to X litres, rising for the second year in a row after two years of decline. Over the period under review, imports enjoyed a remarkable increase. The pace of growth was the most pronounced in 2018 when imports increased by 33%. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, imports of spirits, liqueurs and other spirituous beverages stood at $X in 2022. Overall, imports showed a buoyant expansion. The growth pace was the most rapid in 2018 when imports increased by 38%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

Belgium (X litres), France (X litres) and Italy (X litres) were the main suppliers of imports of spirits, liqueurs and other spirituous beverages to Luxembourg, with a combined 75% share of total imports. These countries were followed by Germany, the UK, Greece and Ireland, which together accounted for a further 16%.

From 2012 to 2022, the biggest increases were recorded for Greece (with a CAGR of +41.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), France ($X) and Italy ($X) were the largest spirits, liqueurs and other spirituous beverages suppliers to Luxembourg, together comprising 70% of total imports. Germany, the UK, Ireland and Greece lagged somewhat behind, together comprising a further 21%.

Greece, with a CAGR of +45.3%, recorded the highest growth rate of the value of imports, among the main suppliers 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 import price for spirits, liqueurs and other spirituous beverages amounted to $X per litre, shrinking by -9.8% against the previous year. Over the period under review, the import price continues to indicate a pronounced curtailment. The pace of growth appeared the most rapid in 2018 an increase of 4.5%. Over the period under review, average import prices reached the maximum at $X per litre in 2012; however, from 2013 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 Ireland ($X per litre), while the price for Greece ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+2.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform