Non-Liquid Margarine Price in Luxembourg - 2023

Non-Liquid Margarine Price in Luxembourg (CIF) - 2023

In May 2023, the average non-liquid margarine import price amounted to $3,494 per ton, remaining constant against the previous month. Over the period from May 2022 to May 2023, it increased at an average monthly rate of +2.7%. The most prominent rate of growth was recorded in July 2022 when the average import price increased by 23% month-to-month. The import price peaked at $3,541 per ton in February 2023; afterwards, it flattened through to May 2023.

There were significant differences in the average prices amongst the major supplying countries. In May 2023, the country with the highest price was France ($6,085 per ton), while the price for Belgium ($3,216 per ton) was amongst the lowest.

From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by Portugal (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Non-Liquid Margarine Price in Luxembourg (FOB) - 2022

In 2022, the average non-liquid margarine export price amounted to $3,172 per ton, increasing by 5.8% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average export price increased by 14% against the previous year. The export price peaked in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($4,774 per ton), while the average price for exports to Belgium amounted to $3,090 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+1.7%).

Non-Liquid Margarine Imports in Luxembourg

Non-liquid margarine imports into Luxembourg fell to 1.1K tons in 2022, which is down by -14.2% against the year before. In general, imports continue to indicate a noticeable descent. The growth pace was the most rapid in 2021 when imports increased by 40% against the previous year. As a result, imports reached the peak of 1.3K tons, and then dropped in the following year.

In value terms, non-liquid margarine imports reduced to $3M in 2022. The total import value increased at an average annual rate of +1.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 40%. As a result, imports reached the peak of $3.4M, and then shrank in the following year.

Import of Non-Liquid Margarine in Luxembourg (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Belgium	2,126	1,640	2,212	1,875	-4.1%
Germany	492	478	683	634	8.8%
France	188	196	231	208	3.4%
Netherlands	60.0	46.8	131	162	39.2%
Sweden	N/A	N/A	14.6	19.0	30.1%
Others	57.1	59.6	112	124	29.5%
Total	2,922	2,420	3,384	3,022	1.1%

Top Suppliers of Non-Liquid Margarine to Luxembourg in 2022:

Belgium (608.6 tons)
Germany (324.6 tons)
Netherlands (64.2 tons)
France (45.7 tons)
Sweden (35.4 tons)

Non-Liquid Margarine Exports in Luxembourg

In 2022, approx. 119 tons of non-liquid margarine were exported from Luxembourg; with an increase of 17% compared with 2021. The total export volume increased at an average annual rate of +4.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, non-liquid margarine exports skyrocketed to $379K in 2022. Overall, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +10.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +55.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 26% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.