Luxembourg - Refined Olive Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRefined Olive Oil Price in Luxembourg - 2023
Contents:
- Refined Olive Oil Price in Luxembourg (CIF) - 2022
- Refined Olive Oil Price in Luxembourg (FOB) - 2022
- Refined Olive Oil Imports in Luxembourg
- Refined Olive Oil Exports in Luxembourg
Refined Olive Oil Price in Luxembourg (CIF) - 2022
The average refined olive oil import price stood at $4,289 per ton in 2022, reducing by -7.9% against the previous year. In general, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, refined olive oil import price increased by +4.2% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 25%. The import price peaked at $4,657 per ton in 2021, and then contracted in the following year.
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 Spain ($6,047 per ton), while the price for Germany ($3,427 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Refined Olive Oil Price in Luxembourg (FOB) - 2022
In 2022, the average refined olive oil export price amounted to $6,598 per ton, jumping by 29% against the previous year. Overall, the export price saw a buoyant increase. The most prominent rate of growth was recorded in 2019 when the average export price increased by 65%. As a result, the export price reached the peak level of $6,747 per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($9,305 per ton), while the average price for exports to France ($4,687 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 Belgium (+9.9%), while the prices for the other major destinations experienced more modest paces of growth.
Refined Olive Oil Imports in Luxembourg
In 2022, approx. 289 tons of refined olive oil were imported into Luxembourg; jumping by 21% compared with the previous year. Overall, imports saw significant growth. The growth pace was the most rapid in 2020 with an increase of 32% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, refined olive oil imports rose significantly to $1.2M in 2022. Over the period under review, imports continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 41%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Refined Olive Oil in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 66.1 | 267 | 299 | 457 | 90.5% |
| Italy | 259 | 182 | 218 | 331 | 8.5% |
| France | 53.9 | 41.5 | 309 | 96.2 | 21.3% |
| Spain | 60.8 | 83.0 | 82.5 | 95.0 | 16.0% |
| Portugal | 41.3 | 27.5 | 43.2 | 79.0 | 24.1% |
| Germany | 67.4 | 56.6 | 51.3 | 71.1 | 1.8% |
| Greece | N/A | 99.0 | 77.6 | 63.5 | -19.9% |
| Others | 31.7 | 36.7 | 34.7 | 46.2 | 13.4% |
| Total | 580 | 793 | 1,115 | 1,239 | 28.8% |
Top Suppliers of Refined Olive Oil to Luxembourg in 2022:
- Belgium (109.5 tons)
- Italy (74.7 tons)
- France (28.1 tons)
- Germany (20.7 tons)
- Portugal (17.8 tons)
- Spain (15.7 tons)
- Greece (12.1 tons)
Refined Olive Oil Exports in Luxembourg
In 2022, after three years of growth, there was significant decline in shipments abroad of refined olive oil, when their volume decreased by -29.1% to 2.7 tons. Over the period under review, exports showed a perceptible setback. The most prominent rate of growth was recorded in 2021 with an increase of 23% against the previous year. As a result, the exports reached the peak of 3.8 tons, and then shrank sharply in the following year.
In value terms, refined olive oil exports contracted to $18K in 2022. In general, exports continue to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 7.1%.
| Export of Refined Olive Oil in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 11.3 | 11.4 | 14.7 | 8.2 | -10.1% |
| Belgium | 0.5 | 2.0 | 1.1 | 6.6 | 136.3% |
| France | 8.4 | 4.6 | 3.7 | 1.6 | -42.5% |
| Spain | N/A | N/A | 0.2 | 0.6 | 200.0% |
| Greece | N/A | N/A | N/A | 0.4 | 0% |
| Others | 0.5 | 0.4 | N/A | 0.6 | 6.3% |
| Total | 20.7 | 18.4 | 19.7 | 17.9 | -4.7% |
Top Export Markets for Refined Olive Oil from Luxembourg in 2022:
- Germany (1493.0 kg)
- Belgium (705.0 kg)
- France (339.0 kg)
- Spain (113.0 kg)
- Greece (67.0 kg)
This report provides an in-depth analysis of the refined olive oil market in Luxembourg. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10415310 - Refined olive oil and its fractions (excluding chemically modified)
Country coverage:
- Luxembourg
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Luxembourg
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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