Luxembourg: Molluscs Market 2024

Molluscs Market Size in Luxembourg

In 2021, after two years of decline, there was growth in the Luxembourg molluscs market, when its value increased by 4.8% to $X. Over the period under review, consumption continues to indicate a slight decrease. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Molluscs Exports

Exports from Luxembourg

In 2021, after three years of decline, there was significant growth in overseas shipments of molluscs (scallops, mussels, cuttle fish, squid and octopus), when their volume increased by 13% to X tons. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 20% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, molluscs exports soared to $X in 2021. Over the period under review, total exports indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 with an increase of 48%. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Belgium (X tons), France (X tons) and Germany (X tons) were the main destinations of molluscs exports from Luxembourg, with a combined 88% share of total exports. Azerbaijan lagged somewhat behind, accounting for a further 12%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Azerbaijan (with a CAGR of +16.9%), while the other leaders experienced mixed trend patterns.

In value terms, Belgium ($X), France ($X) and Germany ($X) were the largest markets for molluscs exported from Luxembourg worldwide, together accounting for 92% of total exports. These countries were followed by Azerbaijan, which accounted for a further 7.9%.

In terms of the main countries of destination, Azerbaijan, with a CAGR of +14.5%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average molluscs export price amounted to $X per ton, with an increase of 11% against the previous year. Overall, export price indicated a notable expansion from 2012 to 2021: its price increased at an average annual rate of +3.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 an increase of 38% against the previous year. The export price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Azerbaijan ($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 (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.

Molluscs Imports

Imports into Luxembourg

In 2021, supplies from abroad of molluscs (scallops, mussels, cuttle fish, squid and octopus) decreased by -4.9% to X tons, falling for the second year in a row after two years of growth. The total import volume increased at an average annual rate of +2.3% 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 with an increase of 18%. Over the period under review, imports attained the peak figure at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, molluscs imports expanded significantly to $X in 2021. The total import value increased at an average annual rate of +1.3% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 29% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Belgium (X tons) constituted the largest molluscs supplier to Luxembourg, accounting for a 60% share of total imports. Moreover, molluscs imports from Belgium exceeded the figures recorded by the second-largest supplier, Portugal (X tons), threefold. The third position in this ranking was taken by Spain (X tons), with an 8.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Belgium totaled +8.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (+6.9% per year) and Spain (+1.3% per year).

In value terms, Belgium ($X) constituted the largest supplier of molluscs (scallops, mussels, cuttle fish, squid and octopus) to Luxembourg, comprising 48% of total imports. The second position in the ranking was taken by Spain ($X), with a 17% share of total imports. It was followed by Portugal, with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Belgium stood at +3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+9.4% per year) and Portugal (+11.0% per year).

Import Prices by Country

The average molluscs import price stood at $X per ton in 2021, picking up by 13% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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