Luxembourg: Pork Market 2024

Pork Market Size in Luxembourg

The Luxembourg pork market dropped to $X in 2022, falling by -4.1% against the previous year. Over the period under review, consumption saw a slight contraction. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Pork Production in Luxembourg

In value terms, pork production contracted slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.6% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the production volume increased by 15%. Pork production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

In 2022, the average yield of pork in Luxembourg totaled X kg per head, approximately mirroring the previous year's figure. The yield figure increased at an average annual rate of +1.7% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 6.1% against the previous year. As a result, the yield reached the peak level of X kg per head. From 2021 to 2022, the growth of the average pork yield remained at a somewhat lower figure.

In 2022, the number of animals slaughtered for pork production in Luxembourg reduced modestly to X heads, which is down by -1.6% on the previous year's figure. In general, the number of producing animals showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 8.1% against the previous year. As a result, the amount of animals produced attained the peak level of X heads. From 2017 to 2022, the growth of this number failed to regain momentum.

Pork Exports

Exports from Luxembourg

After two years of decline, overseas shipments of pork increased by 2.8% to X tons in 2022. In general, total exports indicated moderate growth from 2012 to 2022: its volume increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -5.2% against 2019 indices. The most prominent rate of growth was recorded in 2016 with an increase of 31% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, pork exports soared to $X in 2022. The total export value increased at an average annual rate of +5.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 with an increase of 32% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Belgium (X tons), Germany (X tons) and France (X tons) were the main destinations of pork exports from Luxembourg, with a combined 97% share of total exports. These countries were followed by the Netherlands, which accounted for a further 3%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +82.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Germany ($X) and France ($X) were the largest markets for pork exported from Luxembourg worldwide, together comprising 99% of total exports. These countries were followed by the Netherlands, which accounted for a further 0.3%.

The Netherlands, with a CAGR of +49.2%, 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 more modest paces of growth.

Export Prices by Country

The average pork export price stood at $X per ton in 2022, picking up by 16% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The pace of growth appeared the most rapid in 2017 when the average export price increased by 23%. The export price peaked in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to the Netherlands ($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 Germany (+2.2%), while the prices for the other major destinations experienced more modest paces of growth.

Pork Imports

Imports into Luxembourg

In 2022, purchases abroad of pork decreased by -6.4% to X tons, falling for the second consecutive year after three years of growth. In general, imports continue to indicate a perceptible slump. The most prominent rate of growth was recorded in 2020 with an increase of 7.8%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, pork imports contracted modestly to $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of 9.8%. Imports peaked at $X in 2021, and then shrank in the following year.

Imports by Country

In 2022, Belgium (X tons) constituted the largest supplier of pork to Luxembourg, with a 74% share of total imports. Moreover, pork imports from Belgium exceeded the figures recorded by the second-largest supplier, France (X tons), sixfold. The third position in this ranking was taken by Germany (X tons), with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Belgium totaled -4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-0.3% per year) and Germany (+1.1% per year).

In value terms, Belgium ($X) constituted the largest supplier of pork to Luxembourg, comprising 64% of total imports. The second position in the ranking was held by France ($X), with a 16% share of total imports. It was followed by Germany, with a 6.1% share.

From 2012 to 2022, the average annual growth rate of value from Belgium amounted to -2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+6.8% per year) and Germany (+1.7% per year).

Import Prices by Country

In 2022, the average pork import price amounted to $X per ton, surging by 3.3% against the previous year. Over the period under review, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, pork import price increased by +66.8% against 2015 indices. The pace of growth was the most pronounced in 2016 when the average import price increased by 19%. The import price peaked in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: 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 2022, the most notable rate of growth in terms of prices was attained by France (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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