Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Luxembourg - 2023

Contents:

1. Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Luxembourg (CIF) - 2023
2. Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Luxembourg (FOB) - 2022
3. Imports of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Luxembourg
4. Exports of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Luxembourg

Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Luxembourg (CIF) - 2023

The average import price for fresh or chilled carcasses and half-carcasses of bovine meat stood at $8,887 per ton in August 2023, dropping by -5.4% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.4%. The pace of growth appeared the most rapid in November 2022 when the average import price increased by 9.6% against the previous month. Over the period under review, average import prices hit record highs at $9,393 per ton in July 2023, and then contracted in the following month.

Average prices varied somewhat amongst the major supplying countries. In August 2023, the highest price was recorded for prices from France ($9,671 per ton) and Belgium ($9,055 per ton), while the price for the Netherlands ($7,116 per ton) and Portugal ($7,156 per ton) were amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Belgium (+1.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Luxembourg (FOB) - 2022

The average export price for fresh or chilled carcasses and half-carcasses of bovine meat stood at $6,517 per ton in 2022, surging by 24% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.1%. The pace of growth appeared the most rapid in 2016 when the average export price increased by 31%. As a result, the export price attained the peak level of $6,730 per ton. From 2017 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($7,875 per ton), while the average price for exports to Belgium ($2,857 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 Germany (+6.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Luxembourg

For the third year in a row, Luxembourg recorded decline in overseas purchases of fresh or chilled carcasses and half-carcasses of bovine meat, which decreased by -18.8% to 880 tons in 2022. Overall, imports continue to indicate a abrupt shrinkage. The smallest decline of -3.4% was in 2020.

In value terms, imports of fresh or chilled carcasses and half-carcasses of bovine meat fell dramatically to $6.7M in 2022. In general, imports showed a abrupt downturn. The growth pace was the most rapid in 2021 when imports increased by 0.1% against the previous year.

Top Suppliers of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat to Luxembourg in 2022:

1. Belgium (622.5 tons)
2. France (140.3 tons)
3. Netherlands (96.8 tons)
4. Portugal (19.3 tons)
5. Germany (0.9 tons)

Exports of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Luxembourg

For the third year in a row, Luxembourg recorded decline in shipments abroad of fresh or chilled carcasses and half-carcasses of bovine meat, which decreased by -52.9% to 81 tons in 2022. In general, exports recorded a dramatic decrease. The smallest decline of -12.8% was in 2020.

In value terms, exports of fresh or chilled carcasses and half-carcasses of bovine meat contracted rapidly to $529K in 2022. Over the period under review, exports continue to indicate a precipitous shrinkage. The smallest decline of -16.9% was in 2020.

Top Export Markets for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat from Luxembourg in 2022:

1. France (37.4 tons)
2. Germany (23.1 tons)
3. Belgium (20.6 tons)

Source: IndexBox Market Intelligence Platform