Luxembourg: Grain Market 2024

Grain Market Size in Luxembourg

The Luxembourg grain market expanded remarkably to $X in 2022, increasing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Grain consumption peaked in 2022 and is expected to retain growth in the immediate term.

Grain Production in Luxembourg

In value terms, grain production fell to $X in 2022 estimated in export price. In general, production showed a perceptible descent. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. Grain production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

In 2022, the average grain yield in Luxembourg amounted to X tons per ha, almost unchanged from the previous year. Over the period under review, the yield continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. The grain yield peaked at X tons per ha in 2015; however, from 2016 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of cereal grains were harvested in Luxembourg; with a decrease of X% against the year before. Overall, the harvested area saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X%. The grain harvested area peaked at X ha in 2015; however, from 2016 to 2022, the harvested area remained at a lower figure.

Grain Exports

Exports from Luxembourg

In 2022, exports of cereal grains from Luxembourg dropped rapidly to X tons, waning by X% on the previous year. In general, exports recorded a pronounced decline. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, grain exports contracted to $X in 2022. Overall, exports continue to indicate a pronounced reduction. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for grain exports from Luxembourg, accounting for a X% share of total exports. Moreover, grain exports to Germany exceeded the volume sent to the second major destination, the Netherlands (X tons), fourfold. The third position in this ranking was taken by Belgium (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Germany stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Belgium (X% per year).

In value terms, Germany ($X) remains the key foreign market for cereal grains exports from Luxembourg, comprising X% of total exports. The second position in the ranking was taken by the Netherlands ($X), with an X% share of total exports. It was followed by Belgium, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Germany stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Belgium (X% per year).

Export Prices by Country

The average grain export price stood at $X per ton in 2022, growing by X% against the previous year. In general, export price indicated a perceptible increase from 2012 to 2022: its price 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. Based on 2022 figures, grain export price increased by X% against 2018 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were France ($X per ton) and Belgium ($X per ton), while the average price for exports to Germany ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Grain Imports

Imports into Luxembourg

In 2022, approx. X tons of cereal grains were imported into Luxembourg; declining by X% on 2021 figures. The total import volume 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 2016 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2021, and then fell in the following year.

In value terms, grain imports rose rapidly to $X in 2022. Overall, total imports indicated perceptible growth from 2012 to 2022: its value 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. Based on 2022 figures, imports increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

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

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

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

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

Import Prices by Country

The average grain import price stood at $X per ton in 2022, jumping by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for France ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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