Price for Offal, Edible; of Bovine Animals, Fresh or Chilled in Luxembourg - 2023

Contents:

  1. Price for Offal, Edible; of Bovine Animals, Fresh or Chilled in Luxembourg (CIF) - 2023
  2. Price for Offal, Edible; of Bovine Animals, Fresh or Chilled in Luxembourg (FOB) - 2022
  3. Imports of Offal, Edible; of Bovine Animals, Fresh or Chilled in Luxembourg
  4. Exports of Offal, Edible; of Bovine Animals, Fresh or Chilled in Luxembourg

Price for Offal, Edible; of Bovine Animals, Fresh or Chilled in Luxembourg (CIF) - 2023

In August 2023, the average import price for offal, edible; of bovine animals, fresh or chilleds amounted to $8,225 per ton, with a decrease of -3.6% against the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 13% against the previous month. The import price peaked at $9,062 per ton in April 2023; however, from May 2023 to August 2023, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In August 2023, the highest price was recorded for prices from the Netherlands ($10,401 per ton) and Ireland ($9,762 per ton), while the price for Belgium ($7,396 per ton) and France ($9,501 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 Ireland (+1.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Offal, Edible; of Bovine Animals, Fresh or Chilled in Luxembourg (FOB) - 2022

In 2022, the average export price for offal, edible; of bovine animals, fresh or chilleds amounted to $2,904 per ton, picking up by 18% against the previous year. Over the period under review, the export price recorded a buoyant increase. The growth pace was the most rapid in 2016 an increase of 37%. The export price peaked in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($8,863 per ton), while the average price for exports to the Netherlands ($196 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 (+22.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Offal, Edible; of Bovine Animals, Fresh or Chilled in Luxembourg

In 2022, purchases abroad of offal, edible; of bovine animals, fresh or chilleds was finally on the rise to reach 221 tons after two years of decline. Overall, imports, however, recorded a noticeable downturn.

In value terms, imports of offal, edible; of bovine animals, fresh or chilleds soared to $1.8M in 2022. The total import value increased at an average annual rate of +6.5% over the period from 2019 to 2022; the trend pattern 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.

Import of Offal, Edible; of Bovine Animals, Fresh or Chilled in Luxembourg (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Belgium7461,0009601,04011.7%
Netherlands12816218125425.7%
Ireland11065.183.921825.6%
France472170181163-29.8%
Germany30.232.811.538.88.7%
Others40.924.315.913047.0%
Total1,5271,4541,4341,8446.5%

Top Suppliers of Offal, Edible; of Bovine Animals, Fresh or Chilled to Luxembourg in 2022:

  1. Belgium (142.9 tons)
  2. Netherlands (25.1 tons)
  3. Ireland (25.0 tons)
  4. France (19.6 tons)
  5. Germany (4.4 tons)

Exports of Offal, Edible; of Bovine Animals, Fresh or Chilled in Luxembourg

In 2022, exports of offal, edible; of bovine animals, fresh or chilleds from Luxembourg dropped sharply to 336 tons, waning by -51.5% on 2021. In general, exports recorded a significant contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 1.6%.

In value terms, exports of offal, edible; of bovine animals, fresh or chilleds dropped markedly to $977K in 2022. Overall, exports saw a drastic downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 24% against the previous year. As a result, the exports reached the peak of $1.7M, and then reduced dramatically in the following year.

Export of Offal, Edible; of Bovine Animals, Fresh or Chilled in Luxembourg (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
France3842963354717.0%
Belgium2452062833179.0%
Germany9978431,055161-45.5%
Netherlands20.723.829.726.48.4%
Others0.2N/AN/A0.314.5%
Total1,6461,3701,702977-16.0%

Top Export Markets for Offal, Edible; of Bovine Animals, Fresh or Chilled from Luxembourg in 2022:

  1. Netherlands (135.1 tons)
  2. Germany (81.0 tons)
  3. Belgium (67.0 tons)
  4. France (53.2 tons)

Source: IndexBox Market Intelligence Platform

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