Luxembourg: Market for Lamb and Sheep Meat 2024

Market Size for Lamb and Sheep Meat in Luxembourg

The Luxembourg lamb and sheep meat market amounted to $X in 2021, growing by 8.5% against the previous year. The market value increased at an average annual rate of +1.4% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. Over the period under review, the market reached the peak level in 2021 and is likely to see gradual growth in years to come.

Production of Lamb and Sheep Meat in Luxembourg

In value terms, lamb and sheep meat production expanded modestly to $X in 2021 estimated in export price. Overall, production saw a slight descent. The growth pace was the most rapid in 2017 when the production volume increased by 11%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

In 2021, the average yield of lamb and sheep meat in Luxembourg dropped to X kg per head, with a decrease of -7.2% against the previous year's figure. Over the period under review, the yield, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the yield increased by 12%. As a result, the yield attained the peak level of X kg per head. From 2019 to 2021, the growth of the average lamb and sheep meat yield remained at a somewhat lower figure.

In 2021, number of animals slaughtered for lamb and sheep meat production in Luxembourg was estimated at X heads, with an increase of 7.9% against the previous year's figure. In general, the number of producing animals, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 9.1% against the previous year. The number of animals slaughtered for lamb and sheep meat production peaked at X heads in 2012; afterwards, it flattened through to 2021.

Exports of Lamb and Sheep Meat

Exports from Luxembourg

In 2021, the amount of lamb and sheep meat exported from Luxembourg skyrocketed to X tons, jumping by 34% compared with the year before. Over the period under review, total exports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -6.5% against 2019 indices. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, lamb and sheep meat exports surged to $X in 2021. Overall, total exports indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Belgium (X tons), France (X tons) and Germany (X tons) were the main destinations of lamb and sheep meat exports from Luxembourg, with a combined 99% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of +7.8%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for lamb and sheep meat exported from Luxembourg were Belgium ($X), France ($X) and Germany ($X), with a combined 98% share of total exports.

France, with a CAGR of +8.6%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average lamb and sheep meat export price stood at $X per ton in 2021, with an increase of 4.6% against the previous year. Over the period under review, the export price, however, saw a mild shrinkage. The most prominent rate of growth was recorded in 2020 an increase of 12% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, 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 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+0.9%), while the prices for the other major destinations experienced a decline.

Imports of Lamb and Sheep Meat

Imports into Luxembourg

In 2021, lamb and sheep meat imports into Luxembourg dropped to X tons, reducing by -1.6% on the previous year. Overall, imports saw a noticeable reduction. The pace of growth was the most pronounced in 2014 when imports increased by 13% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, lamb and sheep meat imports rose rapidly to $X in 2021. The total import value increased at an average annual rate of +2.2% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Belgium (X tons), France (X tons) and Ireland (X tons) were the main suppliers of lamb and sheep meat imports to Luxembourg, together accounting for 92% of total imports. The Netherlands, Portugal and Germany lagged somewhat behind, together comprising a further 7.8%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +75.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X) constituted the largest supplier of lamb and sheep meat to Luxembourg, comprising 60% of total imports. The second position in the ranking was held by France ($X), with a 25% share of total imports. It was followed by Ireland, with a 7.7% share.

From 2012 to 2021, the average annual growth rate of value from Belgium amounted to +6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+0.0% per year) and Ireland (+5.8% per year).

Import Prices by Country

The average lamb and sheep meat import price stood at $X per ton in 2021, picking up by 14% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +5.4%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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