Luxembourg: Fresh Chicken Cut Market 2024

Fresh Chicken Cut Market Size in Luxembourg

For the sixth consecutive year, the Luxembourg fresh chicken cut market recorded growth in sales value, which increased by 7.5% to $X in 2021. Over the period under review, the total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +8.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +83.3% against 2015 indices. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in years to come.

Fresh Chicken Cut Production in Luxembourg

In value terms, fresh chicken cut production expanded markedly to $X in 2021 estimated in export price. In general, production, however, recorded a significant increase. The growth pace was the most rapid in 2015 with an increase of 360%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Fresh Chicken Cut Exports

Exports from Luxembourg

In 2021, shipments abroad of fresh or chilled cuts of chicken increased by 126% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports enjoyed a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, fresh chicken cut exports surged to $X in 2021. Over the period under review, exports showed prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

France (X tons) was the main destination for fresh chicken cut exports from Luxembourg, accounting for a 78% share of total exports. Moreover, fresh chicken cut exports to France exceeded the volume sent to the second major destination, Belgium (X tons), sixfold.

From 2012 to 2021, the average annual growth rate of volume to France totaled +15.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+0.6% per year) and Germany (+4.6% per year).

In value terms, France ($X) remains the key foreign market for fresh or chilled cuts of chicken exports from Luxembourg, comprising 71% of total exports. The second position in the ranking was held by Belgium ($X), with a 19% share of total exports.

From 2012 to 2021, the average annual growth rate of value to France totaled +15.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+4.5% per year) and Germany (+4.7% per year).

Export Prices by Country

In 2021, the average fresh chicken cut export price amounted to $X per ton, approximately mirroring the previous year. In general, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 14%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Belgium ($X per ton), while the average price for exports to France ($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 Belgium (+3.8%), while the prices for the other major destinations experienced mixed trend patterns.

Fresh Chicken Cut Imports

Imports into Luxembourg

For the seventh year in a row, Luxembourg recorded growth in purchases abroad of fresh or chilled cuts of chicken, which increased by 9.3% to X tons in 2021. Overall, total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +6.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +81.6% against 2012 indices. The pace of growth appeared the most rapid in 2019 when imports increased by 13%. Over the period under review, imports attained the peak figure in 2021 and are likely to see steady growth in the immediate term.

In value terms, fresh chicken cut imports surged to $X in 2021. In general, total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.9% 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 increased by +81.1% against 2015 indices. The growth pace was the most rapid in 2013 when imports increased by 20%. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Belgium (X tons) constituted the largest fresh chicken cut supplier to Luxembourg, accounting for a 80% share of total imports. Moreover, fresh chicken cut imports from Belgium exceeded the figures recorded by the second-largest supplier, France (X tons), sixfold. Germany (X tons) ranked third in terms of total imports with a 2.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Belgium amounted to +6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+5.2% per year) and Germany (+18.4% per year).

In value terms, Belgium ($X) constituted the largest supplier of fresh or chilled cuts of chicken to Luxembourg, comprising 71% of total imports. The second position in the ranking was taken by France ($X), with a 20% share of total imports. It was followed by Germany, with a 5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Belgium stood at +6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+6.2% per year) and Germany (+23.3% per year).

Import Prices by Country

The average fresh chicken cut import price stood at $X per ton in 2021, picking up by 5.7% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 11% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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