Luxembourg: Market for Salted, Dried or Smoked Meat, and Offal 2024

Market Size for Salted, Dried or Smoked Meat, and Offal in Luxembourg

In 2022, after two years of growth, there was decline in the Luxembourg market for salted, dried or smoked meat, and offal, when its value decreased by -2.1% to $X. The market value increased at an average annual rate of +2.5% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level at $X in 2021, and then fell slightly in the following year.

Exports of Salted, Dried or Smoked Meat, and Offal

Exports from Luxembourg

In 2022, the amount of salted, dried or smoked meat, and offal exported from Luxembourg expanded markedly to X tons, with an increase of 9.7% compared with the year before. Overall, exports, however, saw a deep slump. The most prominent rate of growth was recorded in 2019 with an increase of 35% against the previous year. Over the period under review, the exports of attained the maximum at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of salted, dried or smoked meat, and offal soared to $X in 2022. Over the period under review, exports, however, showed a drastic downturn. Over the period under review, the exports of attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

France (X tons), Belgium (X tons) and Germany (X tons) were the main destinations of exports of salted, dried or smoked meat, and offal from Luxembourg, with a combined 97% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of -5.9%), while the other leaders experienced a decline.

In value terms, France ($X), Belgium ($X) and Germany ($X) appeared to be the largest markets for salted, dried or smoked meat, and offal exported from Luxembourg worldwide, together accounting for 95% of total exports.

Belgium, with a CAGR of -3.9%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average export price for salted, dried or smoked meat, and offal amounted to $X per ton, picking up by 9.9% against the previous year. Over the last decade, it increased at an average annual rate of +2.5%. The pace of growth was the most pronounced in 2021 an increase of 18% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Germany ($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 Belgium (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Salted, Dried or Smoked Meat, and Offal

Imports into Luxembourg

Imports of salted, dried or smoked meat, and offal into Luxembourg rose to X tons in 2022, growing by 2.8% on 2021 figures. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 12%. Imports peaked at X tons in 2019; afterwards, it flattened through to 2022.

In value terms, imports of salted, dried or smoked meat, and offal fell to $X in 2022. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 14%. Imports peaked at $X in 2021, and then fell slightly in the following year.

Imports by Country

In 2022, Belgium (X tons) constituted the largest supplier of salted, dried or smoked meat, and offal to Luxembourg, accounting for a 59% share of total imports. Moreover, imports of salted, dried or smoked meat, and offal from Belgium exceeded the figures recorded by the second-largest supplier, Italy (X tons), fourfold. The third position in this ranking was held by France (X tons), with an 8.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Belgium totaled +2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-3.4% per year) and France (-0.8% per year).

In value terms, Belgium ($X) constituted the largest supplier of salted, dried or smoked meat, and offal to Luxembourg, comprising 52% of total imports. The second position in the ranking was held by Italy ($X), with an 18% share of total imports. It was followed by France, with an 8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Belgium stood at +2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-3.5% per year) and France (+0.1% per year).

Import Prices by Country

The average import price for salted, dried or smoked meat, and offal stood at $X per ton in 2022, falling by -4.9% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average import price increased by 13%. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform