Luxembourg: Market for Dried Or Smoked Fish 2024

Market Size for Dried Or Smoked Fish in Luxembourg

The Luxembourg dried or smoked fish market totaled $X in 2021, picking up by 2% against 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). The market value increased at an average annual rate of +3.6% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Exports of Dried Or Smoked Fish

Exports from Luxembourg

In 2021, shipments abroad of dried or smoked fish was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, recorded a slight contraction. The most prominent rate of growth was recorded in 2018 with an increase of 30% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, dried or smoked fish exports soared to $X in 2021. The total export value increased at an average annual rate of +1.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Belgium (X tons), France (X tons) and Germany (X tons) were the main destinations of dried or smoked fish exports from Luxembourg, with a combined 78% share of total exports. Azerbaijan, Oman, Portugal and Italy lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2021, the biggest increases were recorded for Oman (with a CAGR of +378.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for dried or smoked fish exported from Luxembourg were Belgium ($X), France ($X) and Germany ($X), together comprising 78% of total exports. These countries were followed by Azerbaijan, Italy, Oman and Portugal, which together accounted for a further 20%.

Among the main countries of destination, Italy, with a CAGR of +360.1%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average dried or smoked fish export price stood at $X per ton in 2021, picking up by 6.6% against the previous year. Over the last nine years, it increased at an average annual rate of +2.8%. The most prominent rate of growth was recorded in 2013 an increase of 16% against the previous year. The export price peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Italy ($X per ton), while the average price for exports to Portugal ($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 Italy (+60.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Dried Or Smoked Fish

Imports into Luxembourg

In 2021, dried or smoked fish imports into Luxembourg reached X tons, therefore, remained relatively stable against 2020. The total import volume increased at an average annual rate of +2.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2016 when imports increased by 23%. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports failed to regain momentum.

In value terms, dried or smoked fish imports rose modestly to $X in 2021. The total import value increased at an average annual rate of +3.5% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2016 with an increase of 16%. Imports peaked at $X in 2019; afterwards, it flattened through to 2021.

Imports by Country

In 2021, Belgium (X tons) constituted the largest dried or smoked fish supplier to Luxembourg, accounting for a 55% share of total imports. Moreover, dried or smoked fish imports from Belgium exceeded the figures recorded by the second-largest supplier, Portugal (X tons), threefold. The third position in this ranking was held by France (X tons), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from Belgium totaled +6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (+20.5% per year) and France (-4.2% per year).

In value terms, Belgium ($X) constituted the largest supplier of dried or smoked fish to Luxembourg, comprising 63% of total imports. The second position in the ranking was taken by France ($X), with a 16% share of total imports. It was followed by Portugal, with an 8.8% share.

From 2012 to 2021, the average annual growth rate of value from Belgium stood at +8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+1.5% per year) and Portugal (+13.4% per year).

Import Prices by Country

In 2021, the average dried or smoked fish import price amounted to $X per ton, surging by 2.9% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2017 when the average import price increased by 18% against the previous year. The import price peaked in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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