Luxembourg: Pig Fat Market 2020

Pig Fat Market Size in Luxembourg

The revenue of the pig fat market in Luxembourg amounted to $X in 2018, rising by X% against the previous year. The market value increased at an average annual rate of +X% from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The most prominent rate of growth was recorded in 2008 when the market value increased by X% year-to-year. Over the period under review, the pig fat market attained its peak figure level at $X in 2012; however, from 2013 to 2018, consumption remained at a lower figure.

Pig Fat Production in Luxembourg

In value terms, pig fat production stood at $X in 2018 estimated in export prices. Over the period under review, the total output indicated a strong expansion from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, pig fat production increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2009 when production volume increased by X% against the previous year. In that year, pig fat production attained its peak level of $X. From 2010 to 2018, pig fat production growth remained at a somewhat lower figure.

Pig Fat Exports

Exports from Luxembourg

In 2018, approx. X tons of pig fat were exported from Luxembourg; going up by X% against the previous year. In general, pig fat exports continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2009 with an increase of X% against the previous year. Exports peaked at X tons in 2015; however, from 2016 to 2018, exports stood at a somewhat lower figure.

In value terms, pig fat exports stood at $X in 2018. Over the period under review, pig fat exports continue to indicate a conspicuous increase. The most prominent rate of growth was recorded in 2009 when exports increased by X% y-o-y. In that year, pig fat exports attained their peak of $X. From 2010 to 2018, the growth of pig fat exports remained at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for pig fat exports from Luxembourg, accounting for a X% share of total exports. Moreover, pig fat exports to Germany exceeded the volume sent to the second major destination, Belgium (X tons), twofold.

From 2007 to 2018, the average annual growth rate of volume to Germany totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+X% per year) and France (-X% per year).

In value terms, Germany ($X), Belgium ($X) and France ($X) appeared to be the largest markets for pig fat exported from Luxembourg worldwide, together comprising X% of total exports.

Among the main countries of destination, Germany recorded the highest growth rate of market size, over the period under review, while exports for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average pig fat export price stood at $X per ton in 2018, surging by X% against the previous year. In general, the pig fat export price, however, continues to indicate an abrupt downturn. The growth pace was the most rapid in 2009 an increase of X% year-to-year. In that year, the average export prices for pig fat attained their peak level of $X per ton. From 2010 to 2018, the growth in terms of the average export prices for pig fat remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was France ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to France, while the prices for the other major destinations experienced a decline.

Pig Fat Imports

Imports into Luxembourg

Pig fat imports into Luxembourg amounted to X tons in 2018, waning by -X% against the previous year. In general, pig fat imports continue to indicate a drastic shrinkage. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, pig fat imports attained their maximum at X tons in 2008; however, from 2009 to 2018, imports remained at a lower figure.

In value terms, pig fat imports amounted to $X in 2018. Over the period under review, pig fat imports continue to indicate an abrupt shrinkage. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Over the period under review, pig fat imports reached their peak figure at $X in 2016; however, from 2017 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, Belgium (X tons) constituted the largest pig fat supplier to Luxembourg, accounting for a X% share of total imports. Moreover, pig fat imports from Belgium exceeded the figures recorded by the second-largest supplier, Free Zones (X tons), twofold. The third position in this ranking was occupied by Germany (X tons), with a X% share.

From 2007 to 2018, the average annual growth rate of volume from Belgium totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Free Zones (-X% per year) and Germany (+X% per year).

In value terms, Belgium ($X) constituted the largest supplier of pig fat to Luxembourg, comprising X% of total pig fat imports. The second position in the ranking was occupied by Germany ($X), with a X% share of total imports. It was followed by Free Zones, with a X% share.

From 2007 to 2018, the average annual growth rate of value from Belgium amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and Free Zones (-X% per year).

Import Prices by Country

In 2018, the average pig fat import price amounted to $X per ton, waning by -X% against the previous year. In general, the pig fat import price, however, continues to indicate prominent growth. The pace of growth appeared the most rapid in 2010 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2017, and then declined slightly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Belgium ($X per ton), while the price for Free Zones ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Portugal, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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