Luxembourg: Preserved Salmon Market 2024

Preserved Salmon Market Size in Luxembourg

The Luxembourg preserved salmon market fell to $X in 2021, shrinking by -8.6% against the previous year. In general, consumption showed a perceptible descent. Preserved salmon consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Preserved Salmon Production in Luxembourg

In value terms, preserved salmon production dropped sharply to $X in 2021 estimated in export price. Over the period under review, production, however, showed a temperate expansion. The most prominent rate of growth was recorded in 2016 when the production volume increased by 80%. Over the period under review, production hit record highs at $X in 2020, and then fell sharply in the following year.

Preserved Salmon Exports

Exports from Luxembourg

In 2021, the amount of salmon (prepared or preserved) exported from Luxembourg soared to X tons, with an increase of 20% compared with the year before. Overall, exports recorded a temperate increase. The most prominent rate of growth was recorded in 2014 with an increase of 84% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, preserved salmon exports surged to $X in 2021. In general, exports recorded prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of 73%. Over the period under review, the exports attained the maximum in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Belgium (X tons) was the main destination for preserved salmon exports from Luxembourg, with a 83% share of total exports. Moreover, preserved salmon exports to Belgium exceeded the volume sent to the second major destination, France (X kg), sevenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Belgium totaled +31.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-15.8% per year) and Germany (+1.6% per year).

In value terms, Belgium ($X) remains the key foreign market for salmon (prepared or preserved) exports from Luxembourg, comprising 77% of total exports. The second position in the ranking was taken by France ($X), with a 19% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Belgium amounted to +30.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-7.0% per year) and Germany (+0.4% per year).

Export Prices by Country

In 2021, the average preserved salmon export price amounted to $X per ton, with an increase of 12% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.9%. The growth pace was the most rapid in 2013 when the average export price increased by 41% against the previous year. As a result, the export price attained the peak level of $X per ton; afterwards, it flattened through to 2021.

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 France ($X per ton), while the average price for exports to Belgium ($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 (+10.4%), while the prices for the other major destinations experienced a decline.

Preserved Salmon Imports

Imports into Luxembourg

For the fourth year in a row, Luxembourg recorded decline in supplies from abroad of salmon (prepared or preserved), which decreased by -13.4% to X tons in 2021. Over the period under review, imports continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2015 with an increase of 7.8% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, preserved salmon imports dropped to $X in 2021. Overall, imports recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2013 when imports increased by 9.1% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Belgium (X tons), Germany (X tons) and France (X tons) were the main suppliers of preserved salmon imports to Luxembourg, with a combined 81% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +9.6%), while purchases for the other leaders experienced a decline.

In value terms, the largest preserved salmon suppliers to Luxembourg were Belgium ($X), France ($X) and Germany ($X), with a combined 93% share of total imports.

In terms of the main suppliers, Germany, with a CAGR of +5.1%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average preserved salmon import price amounted to $X per ton, picking up by 13% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.7%. The most prominent rate of growth was recorded in 2013 an increase of 24% against the previous year. The import price peaked in 2021 and is likely to see steady growth in years to come.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :