Luxembourg: Frozen Pork Cut Market 2024

Frozen Pork Cut Market Size in Luxembourg

The Luxembourg frozen pork cut market dropped significantly to $X in 2022, shrinking by -35.2% 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). Overall, consumption, however, continues to indicate a notable expansion. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Frozen Pork Cut Exports

Exports from Luxembourg

In 2022, overseas shipments of frozen hams, shoulders and cuts of pig meat increased by 18% to X tons, rising for the third consecutive year after three years of decline. Over the period under review, exports, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 201%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, frozen pork cut exports surged to $X in 2022. Overall, exports, however, continue to indicate a slight shrinkage. The growth pace was the most rapid in 2021 with an increase of 178% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Belgium (X tons) was the main destination for frozen pork cut exports from Luxembourg, with a 63% share of total exports. Moreover, frozen pork cut exports to Belgium exceeded the volume sent to the second major destination, France (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Belgium stood at +16.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-17.7% per year) and Germany (+0.8% per year).

In value terms, Belgium ($X) remains the key foreign market for frozen hams, shoulders and cuts of pig meat exports from Luxembourg, comprising 63% of total exports. The second position in the ranking was held by France ($X), with a 21% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Belgium stood at +21.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-14.0% per year) and Germany (+1.8% per year).

Export Prices by Country

In 2022, the average frozen pork cut export price amounted to $X per ton, surging by 26% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.2%. The most prominent rate of growth was recorded in 2013 when the average export price increased by 45% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see gradual growth in the near future.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Belgium ($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 (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Pork Cut Imports

Imports into Luxembourg

In 2022, after two years of growth, there was significant decline in purchases abroad of frozen hams, shoulders and cuts of pig meat, when their volume decreased by -20.7% to X tons. Over the period under review, imports recorded a noticeable setback. The growth pace was the most rapid in 2013 when imports increased by 114% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, frozen pork cut imports declined markedly to $X in 2022. Overall, imports, however, posted noticeable growth. The pace of growth was the most pronounced in 2013 with an increase of 285%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, France (X tons) constituted the largest supplier of frozen pork cut to Luxembourg, accounting for a 50% share of total imports. Moreover, frozen pork cut imports from France exceeded the figures recorded by the second-largest supplier, Belgium (X tons), fourfold. The third position in this ranking was taken by Spain (X kg), with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from France stood at +12.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-18.4% per year) and Spain (+33.1% per year).

In value terms, France ($X) constituted the largest supplier of frozen hams, shoulders and cuts of pig meat to Luxembourg, comprising 45% of total imports. The second position in the ranking was held by Belgium ($X), with a 17% share of total imports. It was followed by Italy, with a 14% share.

From 2012 to 2022, the average annual growth rate of value from France amounted to +23.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-12.0% per year) and Italy (+65.6% per year).

Import Prices by Country

The average frozen pork cut import price stood at $X per ton in 2022, growing by 3.3% against the previous year. Overall, import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, frozen pork cut import price increased by +34.5% against 2019 indices. The growth pace was the most rapid in 2017 an increase of 91%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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