Luxembourg: Preserved Cows Meat Market 2024

Preserved Cows Meat Market Size in Luxembourg

The Luxembourg preserved cows meat market reached $X in 2021, remaining constant against the previous year. Overall, consumption, however, continues to indicate resilient growth. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Preserved Cows Meat Production in Luxembourg

In value terms, preserved cows meat production totaled $X in 2021 estimated in export price. Over the period under review, production recorded a precipitous slump. The pace of growth was the most pronounced in 2015 when the production volume increased by 162%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Preserved Cows Meat Exports

Exports from Luxembourg

In 2021, shipments abroad of prepared or preserved meat or offal of bovine animals was finally on the rise to reach X tons after two years of decline. Overall, exports, however, showed a dramatic decline. The most prominent rate of growth was recorded in 2015 with an increase of 20%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, preserved cows meat exports soared to $X in 2021. Over the period under review, exports, however, showed a abrupt decline. The pace of growth appeared the most rapid in 2017 when exports increased by 34%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

France (X tons) was the main destination for preserved cows meat exports from Luxembourg, with a 67% share of total exports. Moreover, preserved cows meat exports to France exceeded the volume sent to the second major destination, Belgium (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to France amounted to -25.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+7.3% per year) and Germany (+15.1% per year).

In value terms, France ($X) remains the key foreign market for prepared or preserved meat or offal of bovine animals exports from Luxembourg, comprising 66% of total exports. The second position in the ranking was taken by Belgium ($X), with a 26% share of total exports.

From 2012 to 2021, the average annual growth rate of value to France totaled -13.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+11.7% per year) and Germany (+16.8% per year).

Export Prices by Country

In 2021, the average preserved cows meat export price amounted to $X per ton, growing by 7.5% against the previous year. In general, the export price continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2019 an increase of 179% against the previous year. The export price peaked in 2021 and is expected to retain growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Germany ($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 (+17.0%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Cows Meat Imports

Imports into Luxembourg

In 2021, overseas purchases of prepared or preserved meat or offal of bovine animals decreased by -3.6% to X tons for the first time since 2017, thus ending a three-year rising trend. In general, total imports indicated a tangible increase from 2012 to 2021: its volume increased at an average annual rate of +4.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by 142%. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, preserved cows meat imports rose slightly to $X in 2021. Over the period under review, total imports indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +48.7% against 2016 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 20%. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the near future.

Imports by Country

In 2021, Belgium (X tons) constituted the largest supplier of preserved cows meat to Luxembourg, with a 65% share of total imports. Moreover, preserved cows meat imports from Belgium exceeded the figures recorded by the second-largest supplier, Germany (X tons), sixfold. The third position in this ranking was held by France (X tons), with an 8.3% share.

From 2012 to 2021, the average annual growth rate of volume from Belgium stood at +9.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-2.9% per year) and France (-3.1% per year).

In value terms, Belgium ($X) constituted the largest supplier of prepared or preserved meat or offal of bovine animals to Luxembourg, comprising 60% of total imports. The second position in the ranking was held by Germany ($X), with a 15% share of total imports. It was followed by France, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Belgium amounted to +8.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+0.7% per year) and France (+0.6% per year).

Import Prices by Country

In 2021, the average preserved cows meat import price amounted to $X per ton, with an increase of 7.5% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 103%. Over the period under review, average import prices reached the maximum in 2021 and is expected to retain growth in the near future.

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 Ireland ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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