Luxembourg: Market for Fresh Or Chilled Anchovies 2025

Market Size for Fresh Or Chilled Anchovies in Luxembourg

The Luxembourg fresh or chilled anchovies market contracted modestly to $X in 2021, stabilizing 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, the total consumption indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +7.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -6.4% against 2018 indices. Fresh or chilled anchovies consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Exports of Fresh Or Chilled Anchovies

Exports from Luxembourg

In 2021, the amount of fresh or chilled anchovieses exported from Luxembourg skyrocketed to X kg, rising by 27% on 2020. In general, exports showed significant growth. The pace of growth was the most pronounced in 2013 when exports increased by 624%. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, fresh or chilled anchovies exports skyrocketed to $X in 2021. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 645% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the near future.

Exports by Country

Azerbaijan (X kg), Germany (X kg) and Belgium (X kg) were the main destinations of fresh or chilled anchovies exports from Luxembourg, together accounting for 88% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of +34.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for fresh or chilled anchovies exported from Luxembourg were Azerbaijan ($X), Germany ($X) and Belgium ($X), together comprising 88% of total exports.

In terms of the main countries of destination, Belgium, with a CAGR of +48.5%, recorded 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

In 2021, the average fresh or chilled anchovies export price amounted to $X per ton, rising by 16% against the previous year. Over the period under review, export price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +8.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, fresh or chilled anchovies export price increased by +20.7% against 2019 indices. The pace of growth was the most pronounced in 2014 when the average export price increased by 39%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the countries with the highest prices were Belgium ($X per ton) and Germany ($X per ton), while the average price for exports to Azerbaijan ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+10.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fresh Or Chilled Anchovies

Imports into Luxembourg

In 2021, overseas purchases of fresh or chilled anchovieses decreased by -8.5% to X tons, falling for the fourth consecutive year after three years of growth. Over the period under review, imports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2016 with an increase of 46% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, fresh or chilled anchovies imports expanded to $X in 2021. In general, total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +8.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -1.5% against 2016 indices. The most prominent rate of growth was recorded in 2016 with an increase of 59% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Italy (X tons) constituted the largest fresh or chilled anchovies supplier to Luxembourg, accounting for a 83% share of total imports. Moreover, fresh or chilled anchovies imports from Italy exceeded the figures recorded by the second-largest supplier, France (X kg), sixfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy stood at +33.9%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-12.0% per year) and Belgium (-12.0% per year).

In value terms, Italy ($X) constituted the largest supplier of fresh or chilled anchovieses to Luxembourg, comprising 75% of total imports. The second position in the ranking was taken by France ($X), with a 20% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Italy stood at +28.1%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-5.3% per year) and Belgium (-2.9% per year).

Import Prices by Country

The average fresh or chilled anchovies import price stood at $X per ton in 2021, growing by 11% against the previous year. In general, import price indicated notable growth from 2012 to 2021: its price increased at an average annual rate of +2.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, fresh or chilled anchovies import price increased by +33.4% against 2017 indices. The most prominent rate of growth was recorded in 2013 an increase of 49%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+10.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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