Luxembourg: Frozen Fish Meat Market 2025

Frozen Fish Meat Market Size in Luxembourg

The Luxembourg frozen fish meat market totaled $X in 2021, with an increase of 11% 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). In general, consumption enjoyed a prominent increase. Over the period under review, the market attained the peak level in 2021 and is expected to retain growth in the immediate term.

Frozen Fish Meat Exports

Exports from Luxembourg

In 2021, approx. X tons of frozen fish meat were exported from Luxembourg; with an increase of 35% compared with the previous year's figure. Over the period under review, exports enjoyed prominent growth. The pace of growth appeared the most rapid in 2015 with an increase of 91%. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, frozen fish meat exports skyrocketed to $X in 2021. Overall, exports posted prominent growth. The most prominent rate of growth was recorded in 2019 when exports increased by 99%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in years to come.

Exports by Country

France (X kg), the UK (X kg) and Germany (X kg) were the main destinations of frozen fish meat exports from Luxembourg, with a combined 77% share of total exports. These countries were followed by Belgium and Azerbaijan, which together accounted for a further 23%.

From 2012 to 2021, the biggest increases were recorded for Azerbaijan (with a CAGR of +36.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) emerged as the key foreign market for frozen fish meat exports from Luxembourg, comprising 47% of total exports. The second position in the ranking was taken by France ($X), with a 20% share of total exports. It was followed by Belgium, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+19.0% per year) and Belgium (-5.3% per year).

Export Prices by Country

The average frozen fish meat export price stood at $X per ton in 2021, jumping by 35% against the previous year. In general, the export price, however, continues to indicate a pronounced reduction. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Germany ($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 a decline.

Frozen Fish Meat Imports

Imports into Luxembourg

In 2021, supplies from abroad of frozen fish meat increased by 7.9% to X tons, rising for the second year in a row after three years of decline. Overall, imports posted a strong expansion. The growth pace was the most rapid in 2016 when imports increased by 205%. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, frozen fish meat imports totaled $X in 2021. Over the period under review, imports showed a resilient increase. The most prominent rate of growth was recorded in 2016 when imports increased by 139%. Imports peaked in 2021 and are likely to see gradual growth in the near future.

Imports by Country

In 2021, Belgium (X tons) constituted the largest frozen fish meat supplier to Luxembourg, with a 50% share of total imports. Moreover, frozen fish meat imports from Belgium exceeded the figures recorded by the second-largest supplier, France (X tons), threefold. Portugal (X tons) ranked third in terms of total imports with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Belgium totaled +22.4%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-3.0% per year) and Portugal (+3.6% per year).

In value terms, Belgium ($X) constituted the largest supplier of frozen fish meat to Luxembourg, comprising 54% of total imports. The second position in the ranking was held by France ($X), with a 19% share of total imports. It was followed by Portugal, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Belgium totaled +31.2%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+0.1% per year) and Portugal (+6.9% per year).

Import Prices by Country

In 2021, the average frozen fish meat import price amounted to $X per ton, with an increase of 6.1% against the previous year. Over the last nine years, it increased at an average annual rate of +1.6%. The pace of growth appeared the most rapid in 2018 an increase of 25% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was France ($X per ton), while the price for Germany ($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 (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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