Luxembourg: Market for Sheep And Goat Meat 2022

Market Size for Sheep And Goat Meat in Luxembourg

In 2021, the Luxembourg sheep and goat meat market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, saw a slight slump. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Production of Sheep And Goat Meat in Luxembourg

In value terms, sheep and goat meat production shrank to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a mild decline. The growth pace was the most rapid in 2014 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

The average yield of sheep and goat meat in Luxembourg expanded rapidly to X kg per head in 2021, rising by X% on the year before. Overall, the yield, however, saw a noticeable shrinkage. The growth pace was the most rapid in 2014 when the yield increased by X% against the previous year. As a result, the yield attained the peak level of X kg per head. From 2015 to 2021, the growth of the average sheep and goat meat yield failed to regain momentum.

In 2021, the number of animals slaughtered for sheep and goat meat production in Luxembourg fell modestly to X head, with a decrease of -X% compared with the year before. In general, the number of producing animals continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2014 when the number of producing animals increased by X% against the previous year. As a result, the amount of producing animals reached the peak level of X head. From 2015 to 2021, the growth of this number failed to regain momentum.

Exports of Sheep And Goat Meat

Exports from Luxembourg

In 2021, shipments abroad of sheep and goat meat was finally on the rise to reach X kg for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, sheep and goat meat exports soared to $X in 2021. Overall, exports enjoyed temperate growth. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

France (X kg) was the main destination for sheep and goat meat exports from Luxembourg, with a X% share of total exports. Moreover, sheep and goat meat exports to France exceeded the volume sent to the second major destination, Azerbaijan (X kg), threefold.

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

In value terms, Belgium ($X), France ($X) and Azerbaijan ($X) were the largest markets for sheep and goat meat exported from Luxembourg worldwide.

In terms of the main countries of destination, Belgium, with a CAGR of +X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average sheep and goat meat export price stood at $X per ton in 2021, growing by X% against the previous year. In general, the export price showed a strong expansion. The pace of growth was the most pronounced in 2019 when the average export price increased by X% against the previous year. The export price peaked in 2021 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Belgium ($X per ton), while the average price for exports to Azerbaijan ($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 Belgium (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Sheep And Goat Meat

Imports into Luxembourg

In 2021, purchases abroad of sheep and goat meat increased by X% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, sheep and goat meat imports surged to $X in 2021. Overall, imports recorded a relatively flat trend pattern. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, France (X tons) constituted the largest supplier of sheep and goat meat to Luxembourg, accounting for a X% share of total imports. Moreover, sheep and goat meat imports from France exceeded the figures recorded by the second-largest supplier, Portugal (X tons), twofold. The Netherlands (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from France totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (+X% per year) and the Netherlands (+X% per year).

In value terms, France ($X) constituted the largest supplier of sheep and goat meat to Luxembourg, comprising X% of total imports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total imports. It was followed by Portugal, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from France was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+X% per year) and Portugal (+X% per year).

Import Prices by Country

In 2021, the average sheep and goat meat import price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, import price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, sheep and goat meat import price increased by +X% against 2018 indices. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure in 2021 and is likely to see steady growth in years to come.

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

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

Source: IndexBox Platform