Luxembourg: Whole Fresh Milk Market 2024

Whole Fresh Milk Market Size in Luxembourg

In 2022, after two years of growth, there was decline in the Luxembourg whole fresh milk market, when its value decreased by -3.7% to $X. The market value increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Whole Fresh Milk Production in Luxembourg

In value terms, whole fresh milk production rose slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 with an increase of 35% against the previous year. Whole fresh milk production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Whole Fresh Milk Exports

Exports from Luxembourg

For the fourth year in a row, Luxembourg recorded growth in overseas shipments of whole fresh milk, which increased by 0.5% to X tons in 2022. Overall, total exports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +6.8% 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 +16.4% against 2018 indices. The pace of growth was the most pronounced in 2015 when exports increased by 28%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, whole fresh milk exports surged to $X in 2022. Over the period under review, exports posted strong growth. The pace of growth appeared the most rapid in 2013 with an increase of 38%. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for whole fresh milk exports from Luxembourg, with a 78% share of total exports. Moreover, whole fresh milk exports to Germany exceeded the volume sent to the second major destination, Belgium (X tons), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany stood at +6.1%.

In value terms, Germany ($X) remains the key foreign market for whole fresh milk exports from Luxembourg, comprising 75% of total exports. The second position in the ranking was taken by Belgium ($X), with a 23% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany amounted to +9.5%.

Export Prices by Country

The average whole fresh milk export price stood at $X per ton in 2022, increasing by 22% against the previous year. Over the period under review, export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, whole fresh milk export price increased by +38.9% against 2019 indices. The pace of growth appeared the most rapid in 2017 an increase of 31% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is likely to continue growth in years to come.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Germany totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+3.3%).

Whole Fresh Milk Imports

Imports into Luxembourg

In 2022, purchases abroad of whole fresh milk decreased by -21.8% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, posted a measured expansion. The growth pace was the most rapid in 2020 when imports increased by 222% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, whole fresh milk imports dropped rapidly to $X in 2022. In general, imports, however, saw a temperate increase. The most prominent rate of growth was recorded in 2020 with an increase of 161% against the previous year. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, France (X tons) constituted the largest whole fresh milk supplier to Luxembourg, accounting for a 79% share of total imports. Moreover, whole fresh milk imports from France exceeded the figures recorded by the second-largest supplier, Belgium (X tons), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from France totaled +7.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-3.9% per year) and Germany (-11.2% per year).

In value terms, France ($X) constituted the largest supplier of whole fresh milk to Luxembourg, comprising 73% of total imports. The second position in the ranking was taken by Belgium ($X), with a 21% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from France totaled +8.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-1.5% per year) and Germany (-9.2% per year).

Import Prices by Country

In 2022, the average whole fresh milk import price amounted to $X per ton, approximately equating the previous year. Over the period under review, the import price saw a slight increase. The most prominent rate of growth was recorded in 2017 when the average import price increased by 28%. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, 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 ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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