Price for Frozen Boneless Cuts of Bovine Meat in Luxembourg - 2023
Contents:
- Price for Frozen Boneless Cuts of Bovine Meat in Luxembourg (CIF) - 2023
- Price for Frozen Boneless Cuts of Bovine Meat in Luxembourg (FOB) - 2023
- Imports of Frozen Boneless Cuts of Bovine Meat in Luxembourg
- Exports of Frozen Boneless Cuts of Bovine Meat in Luxembourg
Price for Frozen Boneless Cuts of Bovine Meat in Luxembourg (CIF) - 2023
In August 2023, the average import price for frozen boneless cuts of bovine meat amounted to $4,673 per ton, stabilizing at the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +2.1%. The most prominent rate of growth was recorded in June 2023 an increase of 18% month-to-month. Over the period under review, average import prices reached the maximum at $5,084 per ton in April 2023; however, from May 2023 to August 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Belgium ($11,722 per ton), while the price for Germany ($4,498 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Germany (+2.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Frozen Boneless Cuts of Bovine Meat in Luxembourg (FOB) - 2023
In September 2023, the average export price for frozen boneless cuts of bovine meat amounted to $5,524 per ton, reducing by -10.1% against the previous month. Over the last eleven months, it increased at an average monthly rate of +4.3%. The growth pace was the most rapid in November 2022 when the average export price increased by 50% month-to-month. Over the period under review, the average export prices attained the peak figure at $6,200 per ton in February 2023; however, from March 2023 to September 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In September 2023, the country with the highest price was France ($8,760 per ton), while the average price for exports to Germany ($4,556 per ton) was amongst the lowest.
From October 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+19.7%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Frozen Boneless Cuts of Bovine Meat in Luxembourg
For the fourth consecutive year, Luxembourg recorded growth in purchases abroad of frozen boneless cuts of bovine meat, which increased by 24% to 3.1K tons in 2022. Overall, imports showed a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 43%. Over the period under review, imports of attained the peak figure in 2022 and are likely to continue growth in years to come.
In value terms, imports of frozen boneless cuts of bovine meat soared to $11M in 2022. In general, imports recorded a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 45%. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Frozen Boneless Cuts of Bovine Meat in Luxembourg (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 4.6 | 5.1 | 7.5 | 9.8 | 28.7% |
| Belgium | 0.5 | 0.6 | 0.8 | 0.9 | 21.6% |
| France | 0.3 | 0.5 | 0.7 | 0.5 | 18.6% |
| Others | 0.3 | 0.1 | 0.2 | 0.1 | -30.7% |
| Total | 5.6 | 6.3 | 9.2 | 11.3 | 26.4% |
Top Suppliers of Frozen Boneless Cuts of Bovine Meat to Luxembourg in 2022:
- Germany (2856.8 tons)
- France (153.8 tons)
- Belgium (73.5 tons)
Exports of Frozen Boneless Cuts of Bovine Meat in Luxembourg
Exports of frozen boneless cuts of bovine meat from Luxembourg skyrocketed to 692 tons in 2022, picking up by 181% against 2021. Overall, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of frozen boneless cuts of bovine meat skyrocketed to $3.2M in 2022. In general, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Frozen Boneless Cuts of Bovine Meat in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 274 | 523 | 855 | 1,510 | 76.6% |
| Germany | 125 | 144 | 147 | 1,448 | 126.3% |
| France | 84.7 | 96.2 | 136 | 236 | 40.7% |
| Others | 42.1 | 34.3 | 23.2 | 9.8 | -38.5% |
| Total | 527 | 798 | 1,160 | 3,204 | 82.5% |
Top Export Markets for Frozen Boneless Cuts of Bovine Meat from Luxembourg in 2022:
- Germany (386.4 tons)
- Belgium (246.0 tons)
- France (59.1 tons)
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