Bovine Animals; Live Price in Luxembourg - 2023
Contents:
- Bovine Animals; Live Price in Luxembourg (FOB) - 2023
- Bovine Animals; Live Price in Luxembourg (CIF) - 2023
- Bovine Animals; Live Exports in Luxembourg
- Bovine Animals; Live Imports in Luxembourg
Bovine Animals; Live Price in Luxembourg (FOB) - 2023
The average bovine animals; live export price stood at $735 per unit in July 2023, standing approximately at the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +1.2%. The most prominent rate of growth was recorded in November 2022 an increase of 9.1% m-o-m. Over the period under review, the average export prices reached the peak figure at $759 per unit in May 2023; however, from June 2023 to July 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was the UK ($1,114 per unit), while the average price for exports to Belgium ($651 per unit) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+1.5%), while the prices for the other major destinations experienced more modest paces of growth.
Bovine Animals; Live Price in Luxembourg (CIF) - 2023
In July 2023, the average bovine animals; live import price amounted to $785 per unit, with an increase of 4.4% against the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +1.5%. The growth pace was the most rapid in November 2022 when the average import price increased by 15% month-to-month. Over the period under review, average import prices reached the maximum in July 2023.
Average prices varied somewhat amongst the major supplying countries. In July 2023, the highest price was recorded for prices from the Netherlands ($940 per unit) and Belgium ($800 per unit), while the price for France ($742 per unit) and Germany ($780 per unit) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Italy (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Bovine Animals; Live Exports in Luxembourg
After three years of growth, shipments abroad of bovine animals; lives decreased by -2.2% to 42K units in 2022. The total export volume increased at an average annual rate of +4.8% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 12% against the previous year. The exports peaked at 43K units in 2021, and then contracted in the following year.
In value terms, bovine animals; live exports rose notably to $31M in 2022. The total export value increased at an average annual rate of +10.5% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 24%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Bovine Animals; Live in Luxembourg (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 11.1 | 13.8 | 15.5 | 17.4 | 16.2% |
| Germany | 4.6 | 4.1 | 7.6 | 8.0 | 20.3% |
| Netherlands | 4.6 | 4.0 | 3.7 | 4.3 | -2.2% |
| Others | 2.4 | 1.0 | 1.6 | 1.0 | -25.3% |
| Total | 22.7 | 22.9 | 28.4 | 30.7 | 10.6% |
Top Export Markets for Bovine Animals; Live from Luxembourg in 2022:
- Netherlands (22.4K units)
- Belgium (12.9K units)
- Germany (5.9K units)
Bovine Animals; Live Imports in Luxembourg
In 2022, approx. 4.3K units of bovine animals; lives were imported into Luxembourg; with an increase of 91% against the previous year. In general, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +15.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, bovine animals; live imports soared to $6.9M in 2022. Overall, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +17.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +61.7% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Bovine Animals; Live in Luxembourg (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 3.0 | 3.5 | 2.8 | 3.1 | 1.1% |
| France | 0.5 | 0.4 | 0.4 | 2.4 | 68.7% |
| Italy | N/A | N/A | N/A | 0.3 | 0% |
| Belgium | 0.6 | 0.3 | 0.3 | 0.2 | -30.7% |
| Netherlands | N/A | N/A | N/A | N/A | 0% |
| Others | 0.2 | 0.5 | 1.0 | 0.8 | 58.7% |
| Total | 4.3 | 4.7 | 4.4 | 6.9 | 17.1% |
Top Suppliers of Bovine Animals; Live to Luxembourg in 2022:
- Germany (1911.0 units)
- France (1392.0 units)
- Italy (212.0 units)
- Belgium (138.0 units)
- Netherlands (94.0 units)
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