Luxembourg: Market for Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs 2025

Market Size for Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs in Luxembourg

The Luxembourg seafood meals and pellets market surged to $X in 2021, rising by 47% against the previous year. In general, the total consumption indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +7.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +81.6% against 2015 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs in Luxembourg

In value terms, seafood meals and pellets production skyrocketed to $X in 2021 estimated in export price. Overall, production saw a prominent expansion. The most prominent rate of growth was recorded in 2016 when the production volume increased by 54%. As a result, production attained the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Exports of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs

Exports from Luxembourg

In 2019, overseas shipments of flours, meals and pellets of fish or of crustaceans and molluscs decreased by -13.2% to X tons, falling for the third consecutive year after five years of growth. In general, exports, however, posted a significant increase. The growth pace was the most rapid in 2015 with an increase of 663% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2019, the exports stood at a somewhat lower figure.

In value terms, seafood meals and pellets exports stood at $X in 2019. Over the period under review, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 449% against the previous year. Over the period under review, the exports attained the maximum in 2019 and are expected to retain growth in the near future.

Exports by Country

Denmark (X tons) was the main destination for seafood meals and pellets exports from Luxembourg, accounting for a approx. 99.9% share of total exports.

From 2012 to 2019, the average annual rate of growth in terms of volume to Denmark totaled +69.2%.

In value terms, Denmark ($X) also remains the key foreign market for flours, meals and pellets of fish or of crustaceans and molluscs exports from Luxembourg.

From 2012 to 2019, the average annual growth rate of value to Denmark amounted to +76.7%.

Export Prices by Country

The average seafood meals and pellets export price stood at $X per ton in 2019, surging by 17% against the previous year. Over the last seven years, it increased at an average annual rate of +4.4%. The most prominent rate of growth was recorded in 2014 when the average export price increased by 28%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2019, the average export prices failed to regain momentum.

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

From 2012 to 2019, the rate of growth in terms of prices for Denmark amounted to +4.4% per year.

Imports of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs

Imports into Luxembourg

Seafood meals and pellets imports into Luxembourg soared to X kg in 2021, rising by 118% on the previous year's figure. In general, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 13,745%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, seafood meals and pellets imports surged to $X in 2021. Overall, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 1,883%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Belgium (X kg) was the main seafood meals and pellets supplier to Luxembourg, accounting for a approx. 99% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Belgium stood at +1,292.8%.

In value terms, Belgium ($X) constituted the largest supplier of flours, meals and pellets of fish or of crustaceans and molluscs to Luxembourg.

From 2012 to 2021, the average annual growth rate of value from Belgium stood at +147.0%.

Import Prices by Country

The average seafood meals and pellets import price stood at $X per ton in 2021, picking up by 42% against the previous year. In general, the import price, however, recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2020 when the average import price increased by 2,691%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Belgium.

From 2012 to 2021, the rate of growth in terms of prices for Belgium amounted to -24.7% per year.

Source: IndexBox Platform

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