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

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

In 2022, the Luxembourg market for frozen pig meat other than cuts or carcases increased by 1.3% to $X, rising for the third consecutive year after three years of decline. Overall, consumption, however, saw a mild expansion. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Exports of Frozen Pig Meat Other Than Cuts Or Carcases

Exports from Luxembourg

In 2022, exports of frozen pig meat other than cuts or carcases from Luxembourg skyrocketed to X tons, with an increase of 56% against the previous year. Over the period under review, exports showed a strong increase. The pace of growth appeared the most rapid in 2021 when exports increased by 96% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, exports of frozen pig meat other than cuts or carcases surged to $X in 2022. Overall, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 671%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Belgium (X tons) was the main destination for exports of frozen pig meat other than cuts or carcases from Luxembourg, with a 69% share of total exports. Moreover, exports of frozen pig meat other than cuts or carcases to Belgium exceeded the volume sent to the second major destination, the Netherlands (X tons), fourfold. The third position in this ranking was held by France (X tons), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to Belgium stood at +17.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+3.5% per year) and France (-7.6% per year).

In value terms, Belgium ($X) remains the key foreign market for frozen pig meat other than cuts or carcases exports from Luxembourg, comprising 91% of total exports. The second position in the ranking was held by France ($X), with a 6.9% share of total exports. It was followed by the Netherlands, with a 1% share.

From 2012 to 2022, the average annual growth rate of value to Belgium amounted to +33.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-2.6% per year) and the Netherlands (+25.0% per year).

Export Prices by Country

The average export price for frozen pig meat other than cuts or carcases stood at $X per ton in 2022, rising by 8.2% against the previous year. Overall, the export price recorded a buoyant expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by 294%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to the Netherlands ($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 the Netherlands (+20.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen Pig Meat Other Than Cuts Or Carcases

Imports into Luxembourg

For the fifth year in a row, Luxembourg recorded growth in purchases abroad of frozen pig meat other than cuts or carcases, which increased by 12% to X tons in 2022. Overall, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when imports increased by 28%. Over the period under review, imports of reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, imports of frozen pig meat other than cuts or carcases soared to $X in 2022. In general, imports posted a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 67%. Over the period under review, imports of attained the maximum in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, Belgium (X tons) constituted the largest frozen pig meat other than cuts or carcases supplier to Luxembourg, with a 47% share of total imports. Moreover, imports of frozen pig meat other than cuts or carcases from Belgium exceeded the figures recorded by the second-largest supplier, France (X tons), twofold. Spain (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from Belgium amounted to -5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+11.2% per year) and Spain (+10.6% per year).

In value terms, France ($X), Belgium ($X) and the Netherlands ($X) were the largest frozen pig meat other than cuts or carcases suppliers to Luxembourg, together accounting for 78% of total imports.

Among the main suppliers, the Netherlands, with a CAGR of +62.2%, saw the highest rates of growth with regard to 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

In 2022, the average import price for frozen pig meat other than cuts or carcases amounted to $X per ton, with an increase of 37% against the previous year. Over the period under review, the import price showed a resilient expansion. The most prominent rate of growth was recorded in 2021 an increase of 46%. The import price peaked in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+15.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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