Luxembourg - Soups And Broths - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSoups Price in Luxembourg - 2023
Contents:
- Soups Price in Luxembourg (CIF) - 2023
- Soups Price in Luxembourg (FOB) - 2022
- Soups Imports in Luxembourg
- Soups Exports in Luxembourg
Soups Price in Luxembourg (CIF) - 2023
The average soups import price stood at $5,607 per ton in June 2023, surging by 3.3% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +1.6%. The pace of growth was the most pronounced in December 2022 an increase of 16% month-to-month. The import price peaked in June 2023.
Average prices varied noticeably amongst the major supplying countries. In June 2023, the countries with the highest prices were Belgium ($5,818 per ton) and Germany ($5,351 per ton), while the price for France ($5,064 per ton) and Italy ($5,162 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by France (+1.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Soups Price in Luxembourg (FOB) - 2022
The average soups export price stood at $15,460 per ton in 2022, reducing by -14.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2016 an increase of 45%. As a result, the export price reached the peak level of $21,626 per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Austria ($42,701 per ton), while the average price for exports to Belgium ($9,271 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 Kazakhstan (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.
Soups Imports in Luxembourg
In 2022, supplies from abroad of soups and broths decreased by -4.7% to 1.2K tons, falling for the second consecutive year after two years of growth. Overall, imports showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by 3.5%. As a result, imports attained the peak of 1.3K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, soups imports contracted to $5.8M in 2022. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 6.8% against the previous year. As a result, imports reached the peak of $6.2M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Soups in Luxembourg (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 3.0 | 3.6 | 3.8 | 3.6 | 6.3% |
| France | 1.5 | 1.2 | 1.0 | 0.9 | -15.7% |
| Germany | 0.7 | 0.9 | 1.0 | 0.9 | 8.7% |
| Netherlands | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Italy | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Others | 0.5 | 0.3 | 0.3 | 0.2 | -26.3% |
| Total | 5.8 | 6.2 | 6.2 | 5.8 | 0.0% |
Top Suppliers of Soups to Luxembourg in 2022:
- Belgium (752.4 tons)
- France (208.8 tons)
- Germany (150.0 tons)
- Italy (25.3 tons)
- Netherlands (19.4 tons)
Soups Exports in Luxembourg
In 2022, shipments abroad of soups and broths decreased by -8.2% to 72 tons, falling for the second consecutive year after two years of growth. In general, exports recorded a perceptible setback. The most prominent rate of growth was recorded in 2020 when exports increased by 26%. As a result, the exports reached the peak of 102 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, soups exports dropped dramatically to $1.1M in 2022. Over the period under review, exports showed a perceptible reduction. The pace of growth was the most pronounced in 2020 when exports increased by 23%. As a result, the exports attained the peak of $1.5M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Soups in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 448 | 431 | 443 | 466 | 1.3% |
| Belgium | 316 | 254 | 504 | 224 | -10.8% |
| Austria | 111 | 78.4 | 113 | 93.9 | -5.4% |
| Spain | 84.2 | 120 | 114 | 90.7 | 2.5% |
| Greece | 29.1 | 37.1 | 42.6 | 54.9 | 23.6% |
| Kazakhstan | 42.3 | 326 | 45.5 | 41.9 | -0.3% |
| Germany | 24.6 | 27.9 | 14.1 | 19.8 | -7.0% |
| Oman | N/A | 41.8 | 1.3 | N/A | -96.9% |
| Ukraine | N/A | 46.2 | 16.6 | N/A | -64.1% |
| Others | 164 | 137 | 125 | 127 | -8.2% |
| Total | 1,219 | 1,500 | 1,418 | 1,118 | -2.8% |
Top Export Markets for Soups from Luxembourg in 2022:
- France (34.2 tons)
- Belgium (24.1 tons)
- Kazakhstan (2.9 tons)
- Spain (2.3 tons)
- Austria (2.2 tons)
- Germany (1.8 tons)
- Greece (1.4 tons)
This report provides an in-depth analysis of the soups 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:
- Prodcom 10891100 - Soups and broths and preparations therefor
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
- 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 VOLUME AND VALUE
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
- 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
- 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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