Luxembourg: Breakfast Cereal Market 2024

Breakfast Cereal Market Size in Luxembourg

The Luxembourg breakfast cereal market expanded remarkably to $X in 2022, increasing by X% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Breakfast Cereal Production in Luxembourg

In value terms, breakfast cereal production rose significantly to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. Breakfast cereal production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

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Breakfast Cereal Exports

Exports from Luxembourg

In 2022, approx. X tons of breakfast cereals were exported from Luxembourg; increasing by X% on 2021. Over the period under review, exports, however, showed a pronounced reduction. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, breakfast cereal exports declined slightly to $X in 2022. Overall, exports, however, showed a noticeable descent. The pace of growth appeared the most rapid in 2014 when exports increased by X%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Belgium (X tons), Germany (X tons) and France (X tons) were the main destinations of breakfast cereal exports from Luxembourg, with a combined X% share of total exports. Azerbaijan, Greece, the United States and Norway lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Greece ($X) and France ($X) were the largest markets for breakfast cereal exported from Luxembourg worldwide, together accounting for X% of total exports. Germany, the United States, Norway and Azerbaijan lagged somewhat behind, together comprising a further X%.

The United States, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average breakfast cereal export price amounted to $X per ton, waning by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Greece ($X per ton), while the average price for exports to Germany ($X 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 Russia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Breakfast Cereal Imports

Imports into Luxembourg

In 2022, supplies from abroad of breakfast cereals decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. Over the period under review, total imports indicated a perceptible increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when imports increased by X%. Over the period under review, imports attained the peak figure at X tons in 2021, and then declined in the following year.

In value terms, breakfast cereal imports shrank sharply to $X in 2022. The total import value increased at an average annual rate of X% 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 2018 with an increase of X%. Imports peaked at $X in 2021, and then contracted notably in the following year.

Imports by Country

In 2022, Belgium (X tons) constituted the largest supplier of breakfast cereal to Luxembourg, accounting for a X% share of total imports. Moreover, breakfast cereal imports from Belgium exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was held by France (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Belgium stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and France (X% per year).

In value terms, Belgium ($X) constituted the largest supplier of breakfast cereals to Luxembourg, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Belgium stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and France (X% per year).

Import Prices by Country

The average breakfast cereal import price stood at $X per ton in 2022, waning by X% against the previous year. In general, the import price saw a pronounced setback. The growth pace was the most rapid in 2013 an increase of X% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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 the UK ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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