Luxembourg: Canned Meat Market 2024

Canned Meat Market Size in Luxembourg

For the sixth consecutive year, the Luxembourg canned meat market recorded growth in sales value, which increased by 7.3% to $X in 2021. The market value increased at an average annual rate of +4.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level in 2021 and is expected to retain growth in years to come.

Canned Meat Exports

Exports from Luxembourg

In 2021, shipments abroad of canned meat increased by 13% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports, however, saw a deep contraction. The growth pace was the most rapid in 2020 when exports increased by 48% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, canned meat exports skyrocketed to $X in 2021. In general, exports, however, saw a relatively flat trend pattern. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

France (X tons) was the main destination for canned meat exports from Luxembourg, with a 61% share of total exports. Moreover, canned meat exports to France exceeded the volume sent to the second major destination, Belgium (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to France amounted to -12.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+6.8% per year) and Germany (+29.6% per year).

In value terms, France ($X) remains the key foreign market for canned meat exports from Luxembourg, comprising 55% of total exports. The second position in the ranking was taken by Belgium ($X), with a 24% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to France totaled -4.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+7.5% per year) and Germany (+24.4% per year).

Export Prices by Country

The average canned meat export price stood at $X per ton in 2021, increasing by 13% against the previous year. In general, export price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +8.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, canned meat export price decreased by -10.8% against 2019 indices. The pace of growth was the most pronounced in 2019 when the average export price increased by 56% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+8.4%), while the prices for the other major destinations experienced mixed trend patterns.

Canned Meat Imports

Imports into Luxembourg

In 2021, approx. X tons of canned meat were imported into Luxembourg; increasing by 5.8% on the previous year. The total import volume increased at an average annual rate of +3.9% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when imports increased by 17%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in years to come.

In value terms, canned meat imports rose remarkably to $X in 2021. The total import value increased at an average annual rate of +3.2% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 13%. Over the period under review, imports reached the maximum in 2021 and are likely to continue growth in the near future.

Imports by Country

In 2021, Belgium (X tons) constituted the largest canned meat supplier to Luxembourg, with a 64% share of total imports. Moreover, canned meat imports from Belgium exceeded the figures recorded by the second-largest supplier, France (X tons), fivefold. Germany (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from Belgium totaled +5.7%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-0.5% per year) and Germany (+6.0% per year).

In value terms, Belgium ($X) constituted the largest supplier of canned meat to Luxembourg, comprising 63% of total imports. The second position in the ranking was taken by France ($X), with a 17% share of total imports. It was followed by Germany, with a 9.2% share.

From 2012 to 2021, the average annual growth rate of value from Belgium stood at +5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+0.5% per year) and Germany (+3.2% per year).

Import Prices by Country

The average canned meat import price stood at $X per ton in 2021, growing by 3.2% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 5.7% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Portugal (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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