Luxembourg: Fresh Pork Cut Market 2024

Fresh Pork Cut Market Size in Luxembourg

In 2022, the Luxembourg fresh pork cut market increased by 0.3% to $X, rising for the sixth year in a row after four years of decline. In general, consumption, however, continues to indicate a slight reduction. Fresh pork cut consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Fresh Pork Cut Production in Luxembourg

In value terms, fresh pork cut production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.4% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of 14% against the previous year. Fresh pork cut production peaked at $X in 2020; afterwards, it flattened through to 2022.

Fresh Pork Cut Exports

Exports from Luxembourg

In 2022, overseas shipments of fresh or chilled hams, shoulders and cuts of pig meat decreased by -4.1% to X tons, falling for the second consecutive year after two years of growth. Overall, exports saw a mild shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 46%. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, fresh pork cut exports rose sharply to $X in 2022. Over the period under review, exports recorded a mild descent. The most prominent rate of growth was recorded in 2016 when exports increased by 54%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Belgium (X tons) was the main destination for fresh pork cut exports from Luxembourg, accounting for a 76% share of total exports. Moreover, fresh pork cut exports to Belgium exceeded the volume sent to the second major destination, Germany (X tons), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Belgium stood at +5.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-9.7% per year) and France (-11.6% per year).

In value terms, Belgium ($X) remains the key foreign market for fresh or chilled hams, shoulders and cuts of pig meat exports from Luxembourg, comprising 74% of total exports. The second position in the ranking was held by Germany ($X), with a 16% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Belgium amounted to +4.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-9.8% per year) and France (-8.7% per year).

Export Prices by Country

In 2022, the average fresh pork cut export price amounted to $X per ton, surging by 12% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 14%. The export price peaked at $X per ton in 2014; afterwards, it flattened through to 2022.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+3.3%), while the prices for the other major destinations experienced a decline.

Fresh Pork Cut Imports

Imports into Luxembourg

In 2022, after two years of growth, there was significant decline in purchases abroad of fresh or chilled hams, shoulders and cuts of pig meat, when their volume decreased by -11.4% to X tons. Overall, imports saw a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 13% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, fresh pork cut imports contracted to $X in 2022. In general, imports saw a mild decline. The most prominent rate of growth was recorded in 2021 when imports increased by 23%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Belgium (X tons) constituted the largest supplier of fresh pork cut to Luxembourg, accounting for a 57% share of total imports. Moreover, fresh pork cut imports from Belgium exceeded the figures recorded by the second-largest supplier, France (X tons), threefold. The third position in this ranking was taken by Italy (X tons), with a 5.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Belgium stood at -13.9%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-5.1% per year) and Italy (+16.6% per year).

In value terms, Belgium ($X), France ($X) and Italy ($X) were the largest fresh pork cut suppliers to Luxembourg, together comprising 80% of total imports.

Italy, with a CAGR of +20.5%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average fresh pork cut import price amounted to $X per ton, with an increase of 6.8% against the previous year. Overall, the import price recorded a strong increase. The pace of growth was the most pronounced in 2016 when the average import price increased by 85%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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