Luxembourg: Market for Dried Or Salted Fish 2024

Market Size for Dried Or Salted Fish in Luxembourg

The Luxembourg dried or salted fish market reached $X in 2021, leveling off at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a mild curtailment. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Exports of Dried Or Salted Fish

Exports from Luxembourg

In 2021, the amount of dried or salted fish exported from Luxembourg soared to X tons, picking up by 57% against 2020. Overall, exports, however, saw a pronounced reduction. The growth pace was the most rapid in 2017 with an increase of 69% 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, dried or salted fish exports soared to $X in 2021. Over the period under review, exports, however, recorded a perceptible downturn. The pace of growth was the most pronounced in 2018 with an increase of 73% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Belgium (X tons), France (X kg) and Portugal (X kg) were the main destinations of dried or salted fish exports from Luxembourg, with a combined 82% share of total exports. Germany lagged somewhat behind, comprising a further 17%.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +13.0%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for dried or salted fish exported from Luxembourg were Portugal ($X), France ($X) and Belgium ($X), together accounting for 79% of total exports.

Portugal, with a CAGR of +51.1%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average dried or salted fish export price stood at $X per ton in 2021, approximately mirroring the previous year. In general, the export price showed a slight reduction. The growth pace was the most rapid in 2020 when the average export price increased by 59% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Portugal ($X per ton), while the average price for exports to Belgium ($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 Portugal (+42.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Dried Or Salted Fish

Imports into Luxembourg

In 2021, the amount of dried or salted fish imported into Luxembourg contracted to X tons, remaining constant against the previous year's figure. In general, imports, however, continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2013 when imports increased by 130%. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, dried or salted fish imports amounted to $X in 2021. Overall, imports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of 92% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Portugal (X tons) constituted the largest supplier of dried or salted fish to Luxembourg, with a 70% share of total imports. Moreover, dried or salted fish imports from Portugal exceeded the figures recorded by the second-largest supplier, Belgium (X tons), fourfold. The third position in this ranking was taken by the Netherlands (X tons), with a 7.1% share.

From 2012 to 2021, the average annual growth rate of volume from Portugal stood at +20.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+11.1% per year) and the Netherlands (+21.4% per year).

In value terms, Portugal ($X) constituted the largest supplier of dried or salted fish to Luxembourg, comprising 72% of total imports. The second position in the ranking was taken by Belgium ($X), with a 15% share of total imports. It was followed by France, with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Portugal totaled +12.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+12.2% per year) and France (-4.6% per year).

Import Prices by Country

In 2021, the average dried or salted fish import price amounted to $X per ton, with an increase of 2.8% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible slump. The most prominent rate of growth was recorded in 2018 when the average import price increased by 28%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+14.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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