Luxembourg: Frozen Crustaceans Market 2024

Frozen Crustaceans Market Size in Luxembourg

The Luxembourg frozen crustaceans market declined modestly to $X in 2022, waning by X% against 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). The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. Frozen crustaceans consumption peaked at $X in 2021, and then declined slightly in the following year.

Frozen Crustaceans Exports

Exports from Luxembourg

In 2022, exports of frozen crustaceans from Luxembourg surged to X tons, jumping by X% compared with the previous year. In general, total exports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, frozen crustaceans exports skyrocketed 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 X% 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 X% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

France (X tons), Belgium (X tons) and Germany (X tons) were the main destinations of frozen crustaceans exports from Luxembourg, with a combined X% share of total exports. Azerbaijan lagged somewhat behind, comprising a further X%.

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

In value terms, the largest markets for frozen crustaceans exported from Luxembourg were France ($X), Belgium ($X) and Germany ($X), together comprising X% of total exports. These countries were followed by Azerbaijan, which accounted for a further X%.

Among the main countries of destination, Azerbaijan, with a CAGR of X%, recorded 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

In 2022, the average frozen crustaceans export price amounted to $X per ton, falling by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Azerbaijan ($X per ton), while the average price for exports to France ($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 Azerbaijan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Crustaceans Imports

Imports into Luxembourg

In 2022, the amount of frozen crustaceans imported into Luxembourg shrank modestly to X tons, approximately reflecting 2021. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of X%. Imports peaked at X tons in 2021, and then fell modestly in the following year.

In value terms, frozen crustaceans imports dropped modestly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2021, and then fell modestly in the following year.

Imports by Country

In 2022, Belgium (X tons) constituted the largest frozen crustaceans supplier to Luxembourg, accounting for a X% share of total imports. Moreover, frozen crustaceans imports from Belgium exceeded the figures recorded by the second-largest supplier, France (X tons), twofold. The third position in this ranking was held by India (X tons), with a X% share.

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

In value terms, the largest frozen crustaceans suppliers to Luxembourg were Belgium ($X), France ($X) and India ($X), with a combined X% share of total imports.

India, with a CAGR of X%, recorded 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 frozen crustaceans import price amounted to $X per ton, approximately reflecting the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2014 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a lower figure.

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 the UK ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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