Luxembourg: Market for Fish Fats And Oils 2024

Market Size for Fish Fats And Oils in Luxembourg

The Luxembourg fish fat and oil market expanded slightly to $X in 2022, increasing by 4.2% against the previous year. Overall, the total consumption indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -4.2% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Production of Fish Fats And Oils in Luxembourg

In value terms, fish fat and oil production stood at $X in 2022 estimated in export price. In general, the total production indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -4.6% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 22%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Exports of Fish Fats And Oils

Exports from Luxembourg

In 2022, after five years of growth, there was significant decline in shipments abroad of fish fats and oils, when their volume decreased by -84.5% to X kg. In general, exports showed a abrupt descent. The pace of growth was the most pronounced in 2019 with an increase of 1,460%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, fish fat and oil exports declined significantly to $X in 2022. Overall, exports recorded a significant decrease. The pace of growth appeared the most rapid in 2019 with an increase of 1,011%. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

France (X kg) was the main destination for fish fat and oil exports from Luxembourg, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to France stood at +17.7%.

In value terms, France ($X) also remains the key foreign market for fish fats and oils exports from Luxembourg.

From 2012 to 2022, the average annual rate of growth in terms of value to France totaled +11.8%.

Export Prices by Country

The average fish fat and oil export price stood at $X per ton in 2022, picking up by 43% against the previous year. In general, the export price, however, continues to indicate a abrupt slump. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for France.

From 2012 to 2022, the rate of growth in terms of prices for France amounted to -5.0% per year.

Imports of Fish Fats And Oils

Imports into Luxembourg

In 2022, imports of fish fats and oils into Luxembourg declined significantly to X tons, shrinking by -73.4% compared with the year before. Overall, imports faced a abrupt decrease. The most prominent rate of growth was recorded in 2018 when imports increased by 381% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, fish fat and oil imports dropped significantly to $X in 2022. Over the period under review, imports faced a abrupt contraction. The pace of growth was the most pronounced in 2018 with an increase of 552% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X kg) constituted the largest supplier of fish fat and oil to Luxembourg, with a 56% share of total imports. Moreover, fish fat and oil imports from Germany exceeded the figures recorded by the second-largest supplier, France (X kg), threefold. The third position in this ranking was held by the Netherlands (X kg), with a 15% share.

From 2012 to 2022, the average annual growth rate of volume from Germany totaled -11.8%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+44.6% per year) and the Netherlands (+68.9% per year).

In value terms, Germany ($X) constituted the largest supplier of fish fats and oils to Luxembourg, comprising 53% of total imports. The second position in the ranking was held by France ($X), with a 23% share of total imports. It was followed by Norway, with a 9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany amounted to -14.2%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+38.8% per year) and Norway (+12.2% per year).

Import Prices by Country

In 2022, the average fish fat and oil import price amounted to $X per ton, falling by -10.2% against the previous year. Over the period under review, the import price recorded a deep reduction. The pace of growth was the most pronounced in 2018 an increase of 36%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :