Non-Liquid Margarine Price in Luxembourg - 2023
Contents:
- Non-Liquid Margarine Price in Luxembourg (CIF) - 2023
- Non-Liquid Margarine Price in Luxembourg (FOB) - 2022
- Non-Liquid Margarine Imports in Luxembourg
- Non-Liquid Margarine Exports in Luxembourg
Non-Liquid Margarine Price in Luxembourg (CIF) - 2023
In May 2023, the average non-liquid margarine import price amounted to $3,494 per ton, remaining constant against the previous month. Over the period from May 2022 to May 2023, it increased at an average monthly rate of +2.7%. The most prominent rate of growth was recorded in July 2022 when the average import price increased by 23% month-to-month. The import price peaked at $3,541 per ton in February 2023; afterwards, it flattened through to May 2023.
There were significant differences in the average prices amongst the major supplying countries. In May 2023, the country with the highest price was France ($6,085 per ton), while the price for Belgium ($3,216 per ton) was amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by Portugal (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Non-Liquid Margarine Price in Luxembourg (FOB) - 2022
In 2022, the average non-liquid margarine export price amounted to $3,172 per ton, increasing by 5.8% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average export price increased by 14% against the previous year. The export price peaked in 2022 and is likely to continue growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($4,774 per ton), while the average price for exports to Belgium amounted to $3,090 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+1.7%).
Non-Liquid Margarine Imports in Luxembourg
Non-liquid margarine imports into Luxembourg fell to 1.1K tons in 2022, which is down by -14.2% against the year before. In general, imports continue to indicate a noticeable descent. The growth pace was the most rapid in 2021 when imports increased by 40% against the previous year. As a result, imports reached the peak of 1.3K tons, and then dropped in the following year.
In value terms, non-liquid margarine imports reduced to $3M in 2022. The total import value increased at an average annual rate of +1.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 40%. As a result, imports reached the peak of $3.4M, and then shrank in the following year.
Import of Non-Liquid Margarine in Luxembourg (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Belgium | 2,126 | 1,640 | 2,212 | 1,875 | -4.1% |
Germany | 492 | 478 | 683 | 634 | 8.8% |
France | 188 | 196 | 231 | 208 | 3.4% |
Netherlands | 60.0 | 46.8 | 131 | 162 | 39.2% |
Sweden | N/A | N/A | 14.6 | 19.0 | 30.1% |
Others | 57.1 | 59.6 | 112 | 124 | 29.5% |
Total | 2,922 | 2,420 | 3,384 | 3,022 | 1.1% |
Top Suppliers of Non-Liquid Margarine to Luxembourg in 2022:
- Belgium (608.6 tons)
- Germany (324.6 tons)
- Netherlands (64.2 tons)
- France (45.7 tons)
- Sweden (35.4 tons)
Non-Liquid Margarine Exports in Luxembourg
In 2022, approx. 119 tons of non-liquid margarine were exported from Luxembourg; with an increase of 17% compared with 2021. The total export volume increased at an average annual rate of +4.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, non-liquid margarine exports skyrocketed to $379K in 2022. Overall, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +10.7% 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 +55.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 26% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
Export of Non-Liquid Margarine in Luxembourg (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Belgium | 259 | 229 | 285 | 349 | 10.5% |
France | 10.4 | 11.8 | 18.2 | 22.4 | 29.1% |
Others | 9.3 | 2.5 | 3.4 | 7.4 | -7.3% |
Total | 279 | 243 | 306 | 379 | 10.8% |
Top Export Markets for Non-Liquid Margarine from Luxembourg in 2022:
- Belgium (113.0 tons)
- France (4.7 tons)
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