Luxembourg: Market for Caviar (Salmon) And Caviar Substitutes 2025

Market Size for Caviar (Salmon) And Caviar Substitutes in Luxembourg

The Luxembourg market for caviar (salmon) and caviar substitutes was finally on the rise to reach $X in 2021, after two years of decline. Overall, consumption, however, continues to indicate a slight descent. Caviar (salmon) and caviar substitutes consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Production of Caviar (Salmon) And Caviar Substitutes in Luxembourg

In value terms, caviar (salmon) and caviar substitutes production rose remarkably to $X in 2021 estimated in export price. In general, the total production indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -6.3% against 2019 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by 94%. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Exports of Caviar (Salmon) And Caviar Substitutes

Exports from Luxembourg

After two years of growth, shipments abroad of caviar (salmon) and caviar substitutes decreased by -19.1% to X tons in 2021. Over the period under review, exports, however, enjoyed a strong expansion. The pace of growth was the most pronounced in 2017 when exports increased by 84%. The exports peaked at X tons in 2020, and then shrank notably in the following year.

In value terms, caviar (salmon) and caviar substitutes exports shrank to $X in 2021. In general, exports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of 94%. The exports peaked at $X in 2020, and then contracted in the following year.

Exports by Country

France (X tons) was the main destination for caviar (salmon) and caviar substitutes exports from Luxembourg, accounting for a 89% share of total exports. Moreover, caviar (salmon) and caviar substitutes exports to France exceeded the volume sent to the second major destination, Belgium (X kg), more than tenfold. Germany (X kg) ranked third in terms of total exports with a 3.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to France stood at +20.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+6.5% per year) and Germany (+36.6% per year).

In value terms, France ($X) remains the key foreign market for caviar (salmon) and caviar substitutes exports from Luxembourg, comprising 88% of total exports. The second position in the ranking was held by Belgium ($X), with a 5.8% share of total exports. It was followed by Germany, with a 3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to France stood at +18.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+12.3% per year) and Germany (+23.2% per year).

Export Prices by Country

The average export price for caviar (salmon) and caviar substitutes stood at $X per ton in 2021, with an increase of 12% against the previous year. Over the period under review, the export price, however, recorded a slight decrease. The growth pace was the most rapid in 2018 when the average export price increased by 16%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2021, the countries with the highest prices were Portugal ($X per ton) and Belgium ($X per ton), while the average price for exports to Germany ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+5.4%), while the prices for the other major destinations experienced a decline.

Imports of Caviar (Salmon) And Caviar Substitutes

Imports into Luxembourg

In 2021, approx. X tons of caviar (salmon) and caviar substitutes were imported into Luxembourg; which is down by -7.8% against 2020. In general, imports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 117%. Imports peaked at X tons in 2020, and then fell in the following year.

In value terms, caviar (salmon) and caviar substitutes imports reached $X in 2021. Overall, imports, however, showed a notable expansion. The pace of growth was the most pronounced in 2017 when imports increased by 207% against the previous year. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Spain (X tons) constituted the largest supplier of caviar (salmon) and caviar substitutes to Luxembourg, with a 58% share of total imports. Moreover, caviar (salmon) and caviar substitutes imports from Spain exceeded the figures recorded by the second-largest supplier, Belgium (X tons), twofold. Sweden (X tons) ranked third in terms of total imports with an 8.2% share.

From 2012 to 2021, the average annual growth rate of volume from Spain totaled +51.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-4.5% per year) and Sweden (+17.4% per year).

In value terms, the largest caviar (salmon) and caviar substitutes suppliers to Luxembourg were Spain ($X), Belgium ($X) and France ($X), with a combined 88% share of total imports.

In terms of the main suppliers, Spain, with a CAGR of +53.3%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for caviar (salmon) and caviar substitutes stood at $X per ton in 2021, increasing by 18% against the previous year. Overall, the import price, however, showed a mild decrease. The growth pace was the most rapid in 2017 when the average import price increased by 42% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :