Luxembourg: Nuts Market 2024

Nuts Market Size in Luxembourg

The Luxembourg nuts market contracted markedly to $X in 2022, which is down by X% against the previous year. Overall, consumption showed a abrupt setback. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Nuts Production in Luxembourg

In value terms, nuts production rose to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. Nuts production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

The average yield of nuts in Luxembourg soared to X tons per ha in 2022, picking up by X% compared with the year before. Overall, the yield indicated noticeable growth from 2012 to 2022: its figure 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, nuts yield increased by X% against 2015 indices. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The nuts yield peaked at X tons per ha in 2020; however, from 2021 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the nuts harvested area in Luxembourg totaled X ha, flattening at the previous year's figure. Over the period under review, the harvested area continues to indicate a slight contraction. The growth pace was the most rapid in 2018 when the harvested area decreased by X% against the previous year. Over the period under review, the harvested area dedicated to nuts production reached the peak figure at X ha in 2017; however, from 2018 to 2022, the harvested area failed to regain momentum.

Nuts Exports

Exports from Luxembourg

Nuts exports from Luxembourg reduced rapidly to X tons in 2022, shrinking by X% against 2021 figures. Overall, exports, however, enjoyed resilient growth. The growth pace was the most rapid in 2013 when exports increased by X%. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, nuts exports shrank remarkably to $X in 2022. Over the period under review, exports, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

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

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

In value terms, Italy ($X) emerged as the key foreign market for nuts exports from Luxembourg, comprising X% of total exports. The second position in the ranking was held by Belgium ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

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

Export Prices by Country

In 2022, the average nuts export price amounted to $X per ton, declining by X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2021, and then fell remarkably in the following year.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Belgium ($X per ton) and Italy ($X per ton), while the average price for exports to France ($X per ton) and Germany ($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 Belgium (X%), while the prices for the other major destinations experienced a decline.

Nuts Imports

Imports into Luxembourg

In 2022, nuts imports into Luxembourg dropped remarkably to X tons, reducing by X% against 2021 figures. Over the period under review, imports showed a perceptible slump. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, nuts imports reduced rapidly to $X in 2022. Overall, imports recorded a perceptible decline. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of nuts to Luxembourg, with a X% share of total imports. Moreover, nuts imports from the United States exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. France (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled 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, the United States ($X) constituted the largest supplier of nuts to Luxembourg, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports. It was followed by Australia, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Australia (X% per year).

Import Prices by Country

The average nuts import price stood at $X per ton in 2022, declining by X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of X%. The import price peaked at $X per ton in 2016; however, from 2017 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 Australia ($X per ton), while the price for France ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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