Luxembourg - Cherries - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCherry Price in Luxembourg - 2023
Contents:
- Cherry Price in Luxembourg (CIF) - 2023
- Cherry Price in Luxembourg (FOB) - 2022
- Cherry Imports in Luxembourg
- Cherry Exports in Luxembourg
Cherry Price in Luxembourg (CIF) - 2023
The average cherry import price stood at $7,355 per ton in August 2023, which is down by -6.3% against the previous month. Over the period under review, import price indicated perceptible growth from August 2022 to August 2023: its price increased at an average monthly rate of +2.7% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, cherry import price decreased by -37.5% against April 2023 indices. The pace of growth was the most pronounced in September 2022 an increase of 80% month-to-month. Over the period under review, average import prices reached the maximum at $13,051 per ton in December 2022; however, from January 2023 to August 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was France ($10,773 per ton), while the price for Germany ($4,270 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Belgium (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Cherry Price in Luxembourg (FOB) - 2022
In 2022, the average cherry export price amounted to $6,126 per ton, which is down by -27.9% against the previous year. In general, export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cherry export price decreased by -35.3% against 2020 indices. The pace of growth was the most pronounced in 2020 an increase of 49% against the previous year. As a result, the export price reached the peak level of $9,473 per ton. From 2021 to 2022, the average export prices failed to regain momentum.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($7,682 per ton), while the average price for exports to France ($5,618 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 France (+2.5%), while the prices for the other major destinations experienced mixed trend patterns.
Cherry Imports in Luxembourg
After two years of decline, overseas purchases of cherries increased by 11% to 393 tons in 2022. Overall, imports, however, saw a abrupt decline.
In value terms, cherry imports fell to $2.3M in 2022. In general, imports, however, continue to indicate a abrupt setback. The smallest decline of -0.3% was in 2021.
| Import of Cherry in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 931 | 485 | 747 | 988 | 2.0% |
| Belgium | 603 | 1,198 | 1,040 | 810 | 10.3% |
| Portugal | 28.9 | 14.9 | 65.4 | 134 | 66.8% |
| Italy | 590 | 472 | 474 | 131 | -39.4% |
| Germany | 130 | 160 | 106 | 107 | -6.3% |
| Spain | 422 | 58.6 | 53.5 | 80.5 | -42.4% |
| Others | 106 | 106 | 2.4 | 0.1 | -90.2% |
| Total | 2,811 | 2,495 | 2,488 | 2,250 | -7.2% |
Top Suppliers of Cherry to Luxembourg in 2022:
- France (153.0 tons)
- Belgium (144.3 tons)
- Germany (38.5 tons)
- Italy (23.9 tons)
- Portugal (21.7 tons)
- Spain (11.2 tons)
Cherry Exports in Luxembourg
In 2022, the amount of cherries exported from Luxembourg rose significantly to 14 tons, with an increase of 5.4% on the previous year's figure. Overall, exports, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2020 when exports increased by 7.2% against the previous year. As a result, the exports attained the peak of 23 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, cherry exports reduced markedly to $83K in 2022. In general, exports, however, faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 60%. As a result, the exports reached the peak of $214K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Cherry in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 57.0 | 51.2 | 66.2 | 41.9 | -9.8% |
| Germany | 48.2 | 147 | 23.0 | 25.6 | -19.0% |
| Belgium | 22.3 | 13.6 | 18.7 | 14.8 | -12.8% |
| Others | 6.6 | 2.4 | 0.9 | 0.5 | -57.7% |
| Total | 134 | 214 | 109 | 82.7 | -14.9% |
Top Export Markets for Cherry from Luxembourg in 2022:
- France (7.4 tons)
- Germany (4.1 tons)
- Belgium (1.9 tons)
This report provides an in-depth analysis of the cherry market in Luxembourg. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 531 - Cherries
Country coverage:
- Luxembourg
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Luxembourg
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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