Price for Frozen Sheep (Including Lamb) Boneless Cuts in Luxembourg - 2023

Contents:

  1. Price for Frozen Sheep (Including Lamb) Boneless Cuts in Luxembourg (CIF) - 2022
  2. Price for Frozen Sheep (Including Lamb) Boneless Cuts in Luxembourg (FOB) - 2022
  3. Imports of Frozen Sheep (Including Lamb) Boneless Cuts in Luxembourg
  4. Exports of Frozen Sheep (Including Lamb) Boneless Cuts in Luxembourg

Price for Frozen Sheep (Including Lamb) Boneless Cuts in Luxembourg (CIF) - 2022

The average import price for frozen sheep (including lamb) boneless cutses stood at $11,882 per ton in 2022, increasing by 17% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($23,982 per ton), while the price for Portugal ($5,656 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+17.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Frozen Sheep (Including Lamb) Boneless Cuts in Luxembourg (FOB) - 2022

The average export price for frozen sheep (including lamb) boneless cutses stood at $16,767 per ton in 2022, remaining relatively unchanged against the previous year. In general, the export price, however, saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2018 an increase of 19%. Over the period under review, the average export prices reached the peak figure at $21,407 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($22,518 per ton), while the average price for exports to France ($12,843 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 Belgium (+4.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Frozen Sheep (Including Lamb) Boneless Cuts in Luxembourg

In 2022, imports of frozen sheep (including lamb) boneless cutses into Luxembourg contracted dramatically to 19 tons, reducing by -18.4% against the previous year's figure. Over the period under review, imports faced a deep slump. The smallest decline of -17.8% was in 2020.

In value terms, imports of frozen sheep (including lamb) boneless cutses reduced modestly to $228K in 2022. In general, imports continue to indicate a deep reduction.

Import of Frozen Sheep (Including Lamb) Boneless Cuts in Luxembourg (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Belgium70.613512710714.9%
Portugal64.143.447.640.8-14.0%
Italy10.211.915.830.143.4%
Germany20.454.116.524.56.3%
France38.644.827.617.8-22.7%
New Zealand77.6N/AN/AN/A0%
Uruguay25.0N/AN/AN/A0%
Others58.033.93.78.0-48.3%
Total364323238228-14.4%

Top Suppliers of Frozen Sheep (Including Lamb) Boneless Cuts to Luxembourg in 2022:

  1. Belgium (7.5 tons)
  2. Portugal (7.2 tons)
  3. France (1.7 tons)
  4. Italy (1.3 tons)
  5. Germany (1.0 tons)

Exports of Frozen Sheep (Including Lamb) Boneless Cuts in Luxembourg

In 2022, approx. 2.3 tons of frozen sheep (including lamb) boneless cutses were exported from Luxembourg; waning by -27.9% against the previous year. Overall, total exports indicated a temperate expansion from 2019 to 2022: its volume increased at an average annual rate of +2.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +24.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 72% against the previous year. As a result, the exports reached the peak of 3.2 tons, and then contracted notably in the following year.

In value terms, exports of frozen sheep (including lamb) boneless cutses dropped notably to $39K in 2022. In general, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +6.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +22.1% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 67%. As a result, the exports attained the peak of $54K, and then dropped significantly in the following year.

Export of Frozen Sheep (Including Lamb) Boneless Cuts in Luxembourg (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Belgium9.117.134.520.130.2%
France13.314.816.917.910.4%
Germany6.6N/A2.21.2-43.3%
Others3.50.2N/AN/A-94.3%
Total32.532.153.639.26.4%

Top Export Markets for Frozen Sheep (Including Lamb) Boneless Cuts from Luxembourg in 2022:

  1. France (1391.0 kg)
  2. Belgium (894.0 kg)
  3. Germany (55.0 kg)

Source: IndexBox Market Intelligence Platform

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