Luxembourg: Market for Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases 2024

Market Size for Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases in Luxembourg

In 2022, the Luxembourg market for fresh or chilled pig meat other than cuts or carcases decreased by -18.1% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption recorded a abrupt contraction. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Exports of Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases

Exports from Luxembourg

In 2022, approx. X tons of fresh or chilled pig meat other than cuts or carcases were exported from Luxembourg; growing by 5.2% compared with 2021. Overall, total exports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +63.2% against 2017 indices. The growth pace was the most rapid in 2018 when exports increased by 44%. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, exports of fresh or chilled pig meat other than cuts or carcases surged to $X in 2022. Over the period under review, total exports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +8.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +119.3% against 2012 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons), Belgium (X tons) and France (X tons) were the main destinations of exports of fresh or chilled pig meat other than cuts or carcases from Luxembourg, together comprising 95% of total exports. These countries were followed by the Netherlands, which accounted for a further 5%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +77.5%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Belgium ($X) and France ($X) were the largest markets for fresh pork other than cuts or carcases exported from Luxembourg worldwide, together accounting for 99% of total exports. These countries were followed by the Netherlands, which accounted for a further 0.5%.

In terms of the main countries of destination, the Netherlands, with a CAGR of +43.1%, saw the highest growth rate of 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

The average export price for fresh or chilled pig meat other than cuts or carcases stood at $X per ton in 2022, surging by 14% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2017 an increase of 41%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to the Netherlands ($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 Germany (+4.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases

Imports into Luxembourg

In 2022, purchases abroad of fresh or chilled pig meat other than cuts or carcases decreased by -6.1% to X tons, falling for the second year in a row after three years of growth. Overall, imports continue to indicate a slight setback. The growth pace was the most rapid in 2020 with an increase of 7.8%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of fresh or chilled pig meat other than cuts or carcases fell to $X in 2022. In general, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 12%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

In 2022, Belgium (X tons) constituted the largest supplier of fresh pork other than cuts or carcases to Luxembourg, accounting for a 81% share of total imports. Moreover, imports of fresh or chilled pig meat other than cuts or carcases from Belgium exceeded the figures recorded by the second-largest supplier, France (X tons), tenfold.

From 2012 to 2022, the average annual growth rate of volume from Belgium amounted to -2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+2.2% per year) and Germany (+2.7% per year).

In value terms, Belgium ($X) constituted the largest supplier of fresh or chilled pig meat other than cuts or carcases to Luxembourg, comprising 77% of total imports. The second position in the ranking was held by Germany ($X), with a 7.7% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Belgium stood at -1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+3.2% per year) and France (+11.9% per year).

Import Prices by Country

The average import price for fresh or chilled pig meat other than cuts or carcases stood at $X per ton in 2022, leveling off at the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The pace of growth appeared the most rapid in 2016 when the average import price increased by 12% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2021, and then reduced modestly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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