Luxembourg: Market for Wheat and Meslin Flour 2024

Market Size for Wheat and Meslin Flour in Luxembourg

In 2022, after two years of decline, there was significant growth in the Luxembourg wheat and meslin flour market, when its value increased by 19% to $X. In general, consumption, however, recorded a abrupt decrease. Wheat and meslin flour consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Wheat and Meslin Flour in Luxembourg

In value terms, wheat and meslin flour production reached $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by 14% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Exports of Wheat and Meslin Flour

Exports from Luxembourg

In 2022, overseas shipments of wheat and meslin flour decreased by -2.3% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, total exports indicated a pronounced expansion from 2012 to 2022: its volume increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +14.4% against 2019 indices. The most prominent rate of growth was recorded in 2015 when exports increased by 18% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, wheat and meslin flour exports rose rapidly to $X in 2022. Overall, total exports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +37.7% against 2019 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 24% 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 tons) was the main destination for wheat and meslin flour exports from Luxembourg, accounting for a 61% share of total exports. Moreover, wheat and meslin flour exports to Belgium exceeded the volume sent to the second major destination, France (X tons), threefold. Germany (X tons) ranked third in terms of total exports with a 6.2% share.

From 2012 to 2022, the average annual growth rate of volume to Belgium stood at +3.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+1.8% per year) and Germany (+56.6% per year).

In value terms, Belgium ($X) remains the key foreign market for wheat and meslin flour exports from Luxembourg, comprising 60% of total exports. The second position in the ranking was held by France ($X), with a 28% share of total exports. It was followed by Germany, with a 3.8% share.

From 2012 to 2022, the average annual growth rate of value to Belgium amounted to +5.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+5.8% per year) and Germany (+39.6% per year).

Export Prices by Country

The average wheat and meslin flour export price stood at $X per ton in 2022, increasing by 12% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The pace of growth was the most pronounced in 2019 an increase of 14% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

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 Ireland (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wheat and Meslin Flour

Imports into Luxembourg

In 2022, supplies from abroad of wheat and meslin flour increased by 4% to X tons, rising for the third year in a row after two years of decline. Overall, imports recorded a resilient expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 47%. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, wheat and meslin flour imports rose sharply to $X in 2022. In general, imports saw strong growth. The most prominent rate of growth was recorded in 2017 with an increase of 24%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

Germany (X tons), Belgium (X tons) and France (X tons) were the main suppliers of wheat and meslin flour imports to Luxembourg, together comprising 86% of total imports. Italy and Portugal lagged somewhat behind, together comprising a further 11%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Portugal (with a CAGR of +24.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest wheat and meslin flour suppliers to Luxembourg were Germany ($X), France ($X) and Belgium ($X), together comprising 84% of total imports. Italy and Portugal lagged somewhat behind, together comprising a further 13%.

Italy, with a CAGR of +22.5%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 wheat and meslin flour import price amounted to $X per ton, increasing by 3.9% against the previous year. Overall, the import price, however, showed a mild shrinkage. The pace of growth appeared the most rapid in 2018 an increase of 19% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Italy ($X per ton) and France ($X per ton), while the price for Belgium ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+2.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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