Price for Food Preparations Not Elsewhere Specified or Included in Luxembourg - 2023
Contents:
- Price for Food Preparations Not Elsewhere Specified or Included in Luxembourg (FOB) - 2022
- Price for Food Preparations Not Elsewhere Specified or Included in Luxembourg (CIF) - 2023
- Exports of Food Preparations Not Elsewhere Specified or Included in Luxembourg
- Imports of Food Preparations Not Elsewhere Specified or Included in Luxembourg
Price for Food Preparations Not Elsewhere Specified or Included in Luxembourg (FOB) - 2022
In 2022, the average export price for food preparations not elsewhere specified or included amounted to $48,021 per ton, growing by 5.2% against the previous year. Over the period under review, the export price enjoyed a prominent increase. The pace of growth was the most pronounced in 2017 when the average export price increased by 44% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is likely to continue growth in the near future.
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 the UK ($224,865 per ton), while the average price for exports to the United States ($5,409 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 France (+35.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Food Preparations Not Elsewhere Specified or Included in Luxembourg (CIF) - 2023
In November 2023, the average import price for food preparations not elsewhere specified or included amounted to $12,377 per ton, standing approximately at the previous month. Over the period under review, import price indicated measured growth from November 2022 to November 2023: its price increased at an average monthly rate of +2.0% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, import price for food preparations not elsewhere specified or included decreased by -19.9% against July 2023 indices. The pace of growth was the most pronounced in June 2023 an increase of 37% against the previous month. The import price peaked at $15,458 per ton in July 2023; however, from August 2023 to November 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Germany ($23,089 per ton), while the price for Portugal ($4,139 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Germany (+10.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Food Preparations Not Elsewhere Specified or Included in Luxembourg
After three years of growth, overseas shipments of food preparations not elsewhere specified or included decreased by -1.4% to 1.7K tons in 2022. The total export volume increased at an average annual rate of +7.0% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2020 with an increase of 18% against the previous year.
In value terms, exports of food preparations not elsewhere specified or included totaled $80M in 2022. Over the period under review, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +16.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +57.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 30%. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.
| Export of Food Preparations Not Elsewhere Specified or Included in Luxembourg (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 19.5 | 17.2 | 30.0 | 36.0 | 22.7% |
| Germany | 19.0 | 22.8 | 23.9 | 22.1 | 5.2% |
| Belgium | 2.7 | 4.6 | 7.8 | 9.2 | 50.5% |
| Austria | 5.1 | 6.3 | 6.5 | 5.7 | 3.8% |
| United States | 0.1 | 0.4 | 0.6 | 0.8 | 100.0% |
| United Kingdom | 0.8 | 0.9 | 0.8 | 0.6 | -9.1% |
| Uzbekistan | N/A | N/A | 0.5 | 0.4 | -20.0% |
| Kazakhstan | 0.2 | 2.6 | 2.2 | 0.3 | 14.5% |
| Others | 3.1 | 4.2 | 4.5 | 4.4 | 12.4% |
| Total | 50.5 | 59.0 | 76.7 | 79.5 | 16.3% |
Top Export Markets for Food Preparations Not Elsewhere Specified or Included from Luxembourg in 2022:
- Belgium (582.1 tons)
- France (410.1 tons)
- Germany (283.4 tons)
- United States (150.8 tons)
- Austria (55.0 tons)
- Uzbekistan (30.4 tons)
- Kazakhstan (22.5 tons)
- United Kingdom (2.5 tons)
Imports of Food Preparations Not Elsewhere Specified or Included in Luxembourg
In 2022, imports of food preparations not elsewhere specified or included into Luxembourg expanded rapidly to 6.9K tons, surging by 6.2% on 2021. The total import volume increased at an average annual rate of +3.3% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of food preparations not elsewhere specified or included reduced to $66M in 2022. The total import value increased at an average annual rate of +8.5% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 26% against the previous year. As a result, imports reached the peak of $71M, and then contracted in the following year.
| Import of Food Preparations Not Elsewhere Specified or Included in Luxembourg (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 11.0 | 12.8 | 21.5 | 18.6 | 19.1% |
| Germany | 11.6 | 14.2 | 18.0 | 17.1 | 13.8% |
| Belgium | 12.5 | 16.6 | 18.3 | 17.1 | 11.0% |
| Netherlands | 7.3 | 7.3 | 8.4 | 6.3 | -4.8% |
| Others | 9.3 | 5.4 | 4.9 | 7.0 | -9.0% |
| Total | 51.8 | 56.3 | 71.1 | 66.1 | 8.5% |
Top Suppliers of Food Preparations Not Elsewhere Specified or Included to Luxembourg in 2022:
- Belgium (2.3K tons)
- Germany (2.1K tons)
- France (1.3K tons)
- Netherlands (0.7K tons)
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