Luxembourg: Sugar Market 2024

Sugar Market Size in Luxembourg

The Luxembourg sugar market expanded modestly to $X in 2022, rising by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Sugar Exports

Exports from Luxembourg

In 2022, the amount of sugar exported from Luxembourg fell notably to X tons, waning by X% compared with the previous year's figure. Overall, exports, however, posted a temperate expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports attained the peak of X tons, and then declined significantly in the following year.

In value terms, sugar exports fell rapidly to $X in 2022. In general, total exports indicated a perceptible increase 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. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then declined dramatically in the following year.

Exports by Country

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

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

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

From 2012 to 2022, the average annual rate of growth in terms of value to Belgium amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Azerbaijan (X% per year).

Export Prices by Country

The average sugar export price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the export price, however, recorded a mild contraction. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the 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 Azerbaijan ($X per ton), while the average price for exports to Belgium ($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 mixed trend patterns.

Sugar Imports

Imports into Luxembourg

In 2022, the amount of sugar imported into Luxembourg was estimated at X tons, therefore, remained relatively stable against the year before. Over the period under review, total imports indicated a pronounced 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. Based on 2022 figures, imports decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, sugar imports fell to $X in 2022. In general, imports, however, saw a mild slump. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Belgium (X tons) constituted the largest supplier of sugar to Luxembourg, accounting for a X% share of total imports. Moreover, sugar imports from Belgium exceeded the figures recorded by the second-largest supplier, France (X tons), fourfold. Germany (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 Belgium stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Germany (X% per year).

In value terms, Belgium ($X) constituted the largest supplier of sugar to Luxembourg, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by France, 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: Germany (X% per year) and France (X% per year).

Import Prices by Country

In 2022, the average sugar import price amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the import price saw a pronounced slump. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Germany ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :