Liqueurs and Cordials Price in Luxembourg - 2023
Contents:
- Liqueurs and Cordials Price in Luxembourg (CIF) - 2023
- Liqueurs and Cordials Price in Luxembourg (FOB) - 2023
- Liqueurs and Cordials Imports in Luxembourg
- Liqueurs and Cordials Exports in Luxembourg
Liqueurs and Cordials Price in Luxembourg (CIF) - 2023
The average liqueurs and cordials import price stood at $4.8 per litre in June 2023, approximately mirroring the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in April 2023 an increase of 8% month-to-month. As a result, import price attained the peak level of $4.9 per litre. From May 2023 to June 2023, the average import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In June 2023, the highest price was recorded for prices from Portugal ($4.9 per litre) and Spain ($4.9 per litre), while the price for Germany ($4.5 per litre) and Belgium ($4.9 per litre) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Portugal (+0.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Liqueurs and Cordials Price in Luxembourg (FOB) - 2023
In May 2023, the average liqueurs and cordials export price amounted to $4.9 per litre, remaining stable against the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 5.2% month-to-month. Over the period under review, the average export prices reached the maximum in May 2023.
Average prices varied noticeably for the major overseas markets. In May 2023, the countries with the highest prices were the Netherlands ($4.9 per litre) and Germany ($4.9 per litre), while the average price for exports to Belgium ($4.9 per litre) and Spain ($4.9 per litre) were amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+1.3%), while the prices for the other major destinations experienced more modest paces of growth.
Liqueurs and Cordials Imports in Luxembourg
In 2022, the amount of liqueurs and cordialses imported into Luxembourg skyrocketed to 7.7M litres, rising by 21% compared with 2021 figures. The total import volume increased at an average annual rate of +7.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, liqueurs and cordials imports rose remarkably to $35M in 2022. The total import value increased at an average annual rate of +5.8% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 18%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.
| Import of Liqueurs and Cordials in Luxembourg (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 6.1 | 5.7 | 6.3 | 7.1 | 5.2% |
| Italy | 5.5 | 4.7 | 5.5 | 7.0 | 8.4% |
| United Kingdom | 0.8 | 1.1 | 0.4 | 6.2 | 97.9% |
| Germany | 3.8 | 4.1 | 6.4 | 5.1 | 10.3% |
| Belgium | 4.4 | 4.5 | 5.2 | 5.1 | 5.0% |
| Ireland | 7.2 | 4.6 | 6.3 | 2.9 | -26.1% |
| Spain | 0.3 | 0.2 | 0.5 | 0.6 | 26.0% |
| Netherlands | 0.7 | 0.6 | 0.9 | 0.5 | -10.6% |
| Others | 1.1 | 2.0 | 0.9 | 0.8 | -10.1% |
| Total | 29.7 | 27.5 | 32.5 | 35.2 | 5.8% |
Top Suppliers of Liqueurs and Cordials to Luxembourg in 2022:
- France (1565.6K litres)
- Italy (1524.8K litres)
- United Kingdom (1353.2K litres)
- Germany (1132.5K litres)
- Belgium (1122.6K litres)
- Ireland (630.9K litres)
- Spain (121.2K litres)
- Netherlands (100.6K litres)
Liqueurs and Cordials Exports in Luxembourg
In 2022, the amount of liqueurs and cordialses exported from Luxembourg soared to 3.9M litres, increasing by 30% on the previous year. In general, exports posted significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 40% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.
In value terms, liqueurs and cordials exports soared to $18M in 2022. Overall, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +19.0% 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 +68.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 41% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Liqueurs and Cordials in Luxembourg (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 9.8 | 8.7 | 12.2 | 12.6 | 8.7% |
| Germany | 0.1 | 0.2 | 1.6 | 3.2 | 217.5% |
| Netherlands | 0.4 | 1.5 | 1.0 | 1.3 | 48.1% |
| France | 0.2 | 0.2 | 0.4 | 0.6 | 44.2% |
| Others | N/A | 0.2 | N/A | 0.2 | 0.0% |
| Total | 10.6 | 10.9 | 15.3 | 17.9 | 19.1% |
Top Export Markets for Liqueurs and Cordials from Luxembourg in 2022:
- Belgium (2753.2K litres)
- Germany (694.0K litres)
- Netherlands (283.8K litres)
- France (124.2K litres)
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