Luxembourg: Market for Wine Of Fresh Grapes (Except Sparkling Wine) 2024

Market Size for Wine Of Fresh Grapes (Except Sparkling Wine) in Luxembourg

The Luxembourg wine of fresh grapes market reduced dramatically to $X in 2022, waning by -19.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +2.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Wine of fresh grapes consumption peaked at $X in 2021, and then fell dramatically in the following year.

Exports of Wine Of Fresh Grapes (Except Sparkling Wine)

Exports from Luxembourg

Wine of fresh grapes exports from Luxembourg surged to X litres in 2022, with an increase of 45% against 2021 figures. Overall, total exports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of +2.1% 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 +87.6% against 2017 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, wine of fresh grapes exports skyrocketed to $X in 2022. In general, exports, however, showed a slight decline. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Belgium (X litres) was the main destination for wine of fresh grapes exports from Luxembourg, with a 60% share of total exports. Moreover, wine of fresh grapes exports to Belgium exceeded the volume sent to the second major destination, Switzerland (X litres), fivefold. France (X litres) ranked third in terms of total exports with a 13% share.

From 2012 to 2022, the average annual growth rate of volume to Belgium amounted to +2.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+36.7% per year) and France (+1.0% per year).

In value terms, the largest markets for wine of fresh grapes exported from Luxembourg were Belgium ($X), Switzerland ($X) and France ($X), together accounting for 82% of total exports.

Switzerland, with a CAGR of +36.7%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average wine of fresh grapes export price stood at $X per litre in 2022, falling by -7.7% against the previous year. In general, the export price recorded a pronounced descent. The most prominent rate of growth was recorded in 2017 when the average export price increased by 24% against the previous year. The export price peaked at $X per litre in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per litre), while the average price for exports to Belgium ($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 Switzerland (-0.0%), while the prices for the other major destinations experienced a decline.

Imports of Wine Of Fresh Grapes (Except Sparkling Wine)

Imports into Luxembourg

In 2022, approx. X litres of wine of fresh grapes (except sparkling wine) were imported into Luxembourg; standing approx. at the previous year's figure. The total import volume increased at an average annual rate of +4.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by 22% against the previous year. Over the period under review, imports hit record highs at X litres in 2021, and then fell in the following year.

In value terms, wine of fresh grapes imports dropped dramatically to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 20% against the previous year. As a result, imports attained the peak of $X, and then dropped notably in the following year.

Imports by Country

France (X litres), Italy (X litres) and Portugal (X litres) were the main suppliers of wine of fresh grapes imports to Luxembourg, with a combined 80% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +7.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constituted the largest supplier of wine of fresh grapes (except sparkling wine) to Luxembourg, comprising 52% of total imports. The second position in the ranking was taken by Italy ($X), with a 16% share of total imports. It was followed by Portugal, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from France totaled +1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+3.8% per year) and Portugal (+1.2% per year).

Import Prices by Country

The average wine of fresh grapes import price stood at $X per litre in 2022, which is down by -15.3% against the previous year. In general, the import price saw a pronounced setback. The growth pace was the most rapid in 2017 when the average import price increased by 11% against the previous year. The import price peaked at $X per litre in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 France ($X per litre), while the price for Portugal ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-1.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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