Luxembourg: Frozen Freshwater Fish Market 2024

Frozen Freshwater Fish Market Size in Luxembourg

The Luxembourg frozen freshwater fish market rose modestly to $X in 2021, picking up by 4.2% against the previous year. Over the period under review, the total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.0% 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 +55.8% against 2012 indices. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the near future.

Frozen Freshwater Fish Production in Luxembourg

In value terms, frozen freshwater fish production rose to $X in 2021 estimated in export price. Overall, the total production indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -2.1% against 2019 indices. The pace of growth appeared the most rapid in 2019 with an increase of 42% against the previous year. As a result, production attained the peak level of $X; afterwards, it flattened through to 2021.

Frozen Freshwater Fish Exports

Exports from Luxembourg

In 2021, approx. X tons of frozen freshwater fish were exported from Luxembourg; with an increase of 720% against 2020. Overall, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, frozen freshwater fish exports skyrocketed to $X in 2021. In general, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 515% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are likely to see gradual growth in years to come.

Exports by Country

The UK (X tons) was the main destination for frozen freshwater fish exports from Luxembourg, accounting for a 88% share of total exports. Moreover, frozen freshwater fish exports to the UK exceeded the volume sent to the second major destination, Germany (X kg), more than tenfold. Belgium (X kg) ranked third in terms of total exports with a 4.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the UK was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+64.9% per year) and Belgium (+8.5% per year).

In value terms, the UK ($X) emerged as the key foreign market for frozen freshwater fish exports from Luxembourg, comprising 69% of total exports. The second position in the ranking was taken by Germany ($X), with a 13% share of total exports. It was followed by France, with a 9.1% 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: Germany (+75.6% per year) and France (+19.1% per year).

Export Prices by Country

The average frozen freshwater fish export price stood at $X per ton in 2021, reducing by -57.6% against the previous year. Overall, the export price recorded a abrupt descent. The most prominent rate of growth was recorded in 2017 when the average export price increased by 60% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Germany ($X per ton), while the average price for exports to the UK ($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 France (+7.6%), while the prices for the other major destinations experienced mixed trend patterns.

Frozen Freshwater Fish Imports

Imports into Luxembourg

Frozen freshwater fish imports into Luxembourg skyrocketed to X tons in 2021, picking up by 20% compared with 2020. The total import volume increased at an average annual rate of +2.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when imports increased by 32%. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, frozen freshwater fish imports expanded remarkably to $X in 2021. In general, imports, however, recorded a mild reduction. The pace of growth was the most pronounced in 2018 with an increase of 43%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Belgium (X tons), Portugal (X tons) and France (X tons) were the main suppliers of frozen freshwater fish imports to Luxembourg, together accounting for 90% of total imports. These countries were followed by the Netherlands and Germany, which together accounted for a further 8.2%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +18.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen freshwater fish suppliers to Luxembourg were Belgium ($X), Portugal ($X) and France ($X), together comprising 86% of total imports. These countries were followed by Germany and the Netherlands, which together accounted for a further 11%.

In terms of the main suppliers, Germany, with a CAGR of +18.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average frozen freshwater fish import price stood at $X per ton in 2021, falling by -8.9% against the previous year. Over the period under review, the import price saw a noticeable descent. The most prominent rate of growth was recorded in 2019 an increase of 22% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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 the Netherlands (+5.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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