Luxembourg: Bacon And Ham Market 2024

Bacon And Ham Market Size in Luxembourg

After two years of growth, the Luxembourg bacon and ham market decreased by -2.7% to $X in 2022. The market value increased at an average annual rate of +2.1% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Bacon And Ham Exports

Exports from Luxembourg

In 2022, approx. X tons of bacon, ham and other dried, salted or smoked pig meat were exported from Luxembourg; with an increase of 9% against the previous year's figure. Over the period under review, exports, however, continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 43% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, bacon and ham exports soared to $X in 2022. In general, exports, however, continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of 19% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

France (X tons), Belgium (X tons) and Germany (X tons) were the main destinations of bacon and ham exports from Luxembourg, with a combined 98% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of -4.7%), while the other leaders experienced a decline.

In value terms, the largest markets for bacon and ham exported from Luxembourg were France ($X), Belgium ($X) and Germany ($X), with a combined 97% share of total exports.

Among the main countries of destination, Belgium, with a CAGR of -4.0%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average bacon and ham export price amounted to $X per ton, with an increase of 9.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2021 an increase of 16% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Germany ($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 Belgium (+4.1%), while the prices for the other major destinations experienced mixed trend patterns.

Bacon And Ham Imports

Imports into Luxembourg

Bacon and ham imports into Luxembourg amounted to X tons in 2022, growing by 1.9% compared with 2021. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 13%. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, bacon and ham imports dropped to $X in 2022. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 14% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Belgium (X tons) constituted the largest supplier of bacon and ham to Luxembourg, with a 60% share of total imports. Moreover, bacon and ham imports from Belgium exceeded the figures recorded by the second-largest supplier, Italy (X tons), fourfold. The third position in this ranking was taken by France (X tons), with a 7.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Belgium totaled +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-3.6% per year) and France (-0.6% per year).

In value terms, Belgium ($X) constituted the largest supplier of bacon, ham and other dried, salted or smoked pig meat to Luxembourg, comprising 55% of total imports. The second position in the ranking was taken by Italy ($X), with a 19% share of total imports. It was followed by France, with a 7.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Belgium amounted to +1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-4.0% per year) and France (+0.6% per year).

Import Prices by Country

The average bacon and ham import price stood at $X per ton in 2022, waning by -3.9% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 12% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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