Luxembourg: Market for Smoked Fish Other than Salmon and Herring 2024

Market Size for Smoked Fish Other than Salmon and Herring in Luxembourg

The Luxembourg market for smoked fish other than salmon and herring amounted to $X in 2021, with an increase of 2.6% against the previous year. Overall, consumption recorded a strong increase. Over the period under review, the market attained the maximum level in 2021 and is likely to see gradual growth in years to come.

Production of Smoked Fish Other than Salmon and Herring in Luxembourg

In value terms, production of smoked fish other than salmon and herring dropped to $X in 2021 estimated in export price. In general, production, however, saw a strong increase. The most prominent rate of growth was recorded in 2014 when the production volume increased by 115% against the previous year. Over the period under review, production of reached the maximum level at $X in 2020, and then fell modestly in the following year.

Exports of Smoked Fish Other than Salmon and Herring

Exports from Luxembourg

After two years of decline, overseas shipments of smoked fish other than salmon and herring increased by 33% to X tons in 2021. Overall, exports, however, saw a deep contraction. The most prominent rate of growth was recorded in 2018 with an increase of 71% against the previous year. Over the period under review, the exports of reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, exports of smoked fish other than salmon and herring skyrocketed to $X in 2021. In general, exports, however, continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 95%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Belgium (X tons), Germany (X kg) and Azerbaijan (X kg) were the main destinations of exports of smoked fish other than salmon and herring from Luxembourg, together accounting for 89% of total exports. These countries were followed by France and the Netherlands, which together accounted for a further 10%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +80.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Azerbaijan ($X) and Germany ($X) constituted the largest markets for smoked fish other than salmon and herring exported from Luxembourg worldwide, with a combined 88% share of total exports. France and the Netherlands lagged somewhat behind, together comprising a further 11%.

The Netherlands, with a CAGR of +95.7%, recorded 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 export price for smoked fish other than salmon and herring stood at $X per ton in 2021, picking up by 18% against the previous year. Over the last nine years, it increased at an average annual rate of +2.6%. The most prominent rate of growth was recorded in 2014 an increase of 18%. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2021, the countries with the highest prices were Azerbaijan ($X per ton) and France ($X per ton), while the average price for exports to Germany ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Smoked Fish Other than Salmon and Herring

Imports into Luxembourg

In 2021, after two years of decline, there was significant growth in purchases abroad of smoked fish other than salmon and herring, when their volume increased by 13% to X tons. The total import volume increased at an average annual rate of +2.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 41% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports of failed to regain momentum.

In value terms, imports of smoked fish other than salmon and herring surged to $X in 2021. The total import value increased at an average annual rate of +5.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by 38% against the previous year. Over the period under review, imports of reached the maximum in 2021 and are likely to see steady growth in the near future.

Imports by Country

Belgium (X tons), Germany (X tons) and France (X tons) were the main suppliers of imports of smoked fish other than salmon and herring to Luxembourg, with a combined 98% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +4.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Germany ($X) and France ($X) appeared to be the largest smoked fish other than salmon and herring suppliers to Luxembourg, together accounting for 96% of total imports.

Among the main suppliers, Belgium, with a CAGR of +10.0%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for smoked fish other than salmon and herring stood at $X per ton in 2021, surging by 3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.6%. The pace of growth was the most pronounced in 2014 an increase of 20%. The import price peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was France ($X per ton), while the price for Germany ($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 (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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