Luxembourg: Caviar (Sturgeon) Market 2024

Caviar (Sturgeon) Market Size in Luxembourg

The Luxembourg caviar (sturgeon) market was estimated at $X in 2021, therefore, remained relatively stable against the previous year. Overall, consumption, however, posted resilient growth. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Caviar (Sturgeon) Production in Luxembourg

In value terms, caviar (sturgeon) production reached $X in 2021 estimated in export price. In general, production, however, enjoyed pronounced growth. The growth pace was the most rapid in 2017 with an increase of 43% against the previous year. Caviar (sturgeon) production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Caviar (Sturgeon) Exports

Exports from Luxembourg

In 2021, shipments abroad of caviar (sturgeon) was finally on the rise to reach X tons after two years of decline. Over the period under review, total exports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +13.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when exports increased by 127%. Over the period under review, the exports hit record highs at X tons in 2018; afterwards, it flattened through to 2021.

In value terms, caviar (sturgeon) exports expanded notably to $X in 2021. In general, exports enjoyed a slight expansion. The most prominent rate of growth was recorded in 2013 with an increase of 119% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Belgium (X kg), Germany (X kg) and France (X kg) were the main destinations of caviar (sturgeon) exports from Luxembourg, together comprising 74% of total exports. These countries were followed by Portugal, Spain, Denmark and the Netherlands, which together accounted for a further 26%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Denmark (with a CAGR of +109.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for caviar (sturgeon) exported from Luxembourg were France ($X), Germany ($X) and Portugal ($X), with a combined 76% share of total exports. Belgium, Spain, the Netherlands and Denmark lagged somewhat behind, together comprising a further 24%.

Denmark, with a CAGR of +93.4%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average caviar (sturgeon) export price stood at $X per ton in 2021, waning by -8% against the previous year. In general, the export price faced a abrupt contraction. The pace of growth was the most pronounced in 2018 when the average export price increased by 6.2% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Belgium ($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 the Netherlands (-3.7%), while the prices for the other major destinations experienced a decline.

Caviar (Sturgeon) Imports

Imports into Luxembourg

In 2021, caviar (sturgeon) imports into Luxembourg soared to X tons, jumping by 29% on 2020. Overall, imports posted a moderate increase. The most prominent rate of growth was recorded in 2014 when imports increased by 173% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, caviar (sturgeon) imports skyrocketed to $X in 2021. Over the period under review, imports, however, showed a noticeable contraction. The pace of growth appeared the most rapid in 2014 with an increase of 62%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest caviar (sturgeon) supplier to Luxembourg, with a 50% share of total imports. Moreover, caviar (sturgeon) imports from China exceeded the figures recorded by the second-largest supplier, France (X kg), threefold. Belgium (X kg) ranked third in terms of total imports with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+49.3% per year) and Belgium (-2.1% per year).

In value terms, China ($X) constituted the largest supplier of caviar (sturgeon) to Luxembourg, comprising 52% of total imports. The second position in the ranking was held by France ($X), with a 17% share of total imports. It was followed by Belgium, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from China stood at -3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+28.2% per year) and Belgium (-6.9% per year).

Import Prices by Country

In 2021, the average caviar (sturgeon) import price amounted to $X per ton, declining by -2.3% against the previous year. Overall, the import price continues to indicate a deep reduction. The growth pace was the most rapid in 2016 when the average import price increased by 64% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 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, the country with the highest price was Bulgaria ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iran (+17.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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