Luxembourg: Preserved Olive Market 2024

Preserved Olive Market Size in Luxembourg

The Luxembourg preserved olive market soared to $X in 2022, jumping by X% against the previous year. In general, consumption continues to indicate a remarkable increase. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Preserved Olive Production in Luxembourg

In value terms, preserved olive production skyrocketed to $X in 2022 estimated in export price. Overall, production recorded a resilient expansion. The pace of growth was the most pronounced in 2020 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

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Preserved Olive Exports

Exports from Luxembourg

In 2022, exports of olives prepared or preserved from Luxembourg surged to X tons, growing by X% on 2021 figures. Over the period under review, exports showed resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, preserved olive exports skyrocketed to $X in 2022. Overall, total exports indicated resilient 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, exports increased by X% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

France (X tons), Belgium (X tons) and Germany (X tons) were the main destinations of preserved olive exports from Luxembourg, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), Belgium ($X) and Germany ($X) constituted the largest markets for preserved olive exported from Luxembourg worldwide, together accounting for X% of total exports.

Belgium, with a CAGR of X%, saw 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

The average preserved olive export price stood at $X per ton in 2022, with a decrease of X% against the previous year. Overall, the export price recorded a noticeable contraction. The pace of growth was the most pronounced in 2020 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Azerbaijan ($X per ton), while the average price for exports to Germany ($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 Azerbaijan (X%), while the prices for the other major destinations experienced a decline.

Preserved Olive Imports

Imports into Luxembourg

In 2022, the amount of olives prepared or preserved imported into Luxembourg expanded notably to X tons, growing by X% against the year before. In general, imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, preserved olive imports dropped to $X in 2022. Over the period under review, imports continue to indicate a strong increase. The growth pace was the most rapid in 2018 with an increase of X%. Imports peaked at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, Belgium (X tons) constituted the largest supplier of preserved olive to Luxembourg, with a X% share of total imports. Moreover, preserved olive imports from Belgium exceeded the figures recorded by the second-largest supplier, France (X tons), eightfold. Italy (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, Belgium ($X) constituted the largest supplier of olives prepared or preserved to Luxembourg, comprising X% of total imports. The second position in the ranking was held by France ($X), with an X% share of total imports. It was followed by Italy, with a X% share.

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

Import Prices by Country

In 2022, the average preserved olive import price amounted to $X per ton, falling by X% against the previous year. Over the period under review, the import price showed a noticeable setback. The growth pace was the most rapid in 2018 an increase of X%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Greece ($X per ton) and Portugal ($X per ton), while the price for Italy ($X per ton) and France ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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