Price for Smoked Fish, Incl. Fillets in Luxembourg - 2023

Contents:

1. Price for Smoked Fish, Incl. Fillets in Luxembourg (CIF) - 2023
2. Price for Smoked Fish, Incl. Fillets in Luxembourg (FOB) - 2022
3. Imports of Smoked Fish, Incl. Fillets in Luxembourg
4. Exports of Smoked Fish, Incl. Fillets in Luxembourg

Price for Smoked Fish, Incl. Fillets in Luxembourg (CIF) - 2023

In May 2023, the average smoked fish, incl. fillets import price amounted to $23,018 per ton, surging by 3.1% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in February 2023 an increase of 16% month-to-month. The import price peaked in May 2023.

There were significant differences in the average prices amongst the major supplying countries. In May 2023, the country with the highest price was the Netherlands ($63,679 per ton), while the price for Germany ($18,590 per ton) was amongst the lowest.

From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by France (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Smoked Fish, Incl. Fillets in Luxembourg (FOB) - 2022

The average smoked fish, incl. fillets export price stood at $31,721 per ton in 2022, with a decrease of -2.7% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. The growth pace was the most rapid in 2014 when the average export price increased by 18%. Over the period under review, the average export prices attained the peak figure at $34,238 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were France ($35,641 per ton) and Azerbaijan ($34,955 per ton), while the average price for exports to Germany ($26,459 per ton) and the Netherlands ($30,227 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Smoked Fish, Incl. Fillets in Luxembourg

In 2022, the amount of smoked fish, incl. fillets imported into Luxembourg contracted slightly to 80 tons, with a decrease of -3% on the year before. The total import volume increased at an average annual rate of +3.1% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 13% against the previous year. As a result, imports attained the peak of 83 tons, and then dropped in the following year.

In value terms, smoked fish, incl. fillets imports fell to $1.7M in 2022. The total import value increased at an average annual rate of +3.6% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2021 with an increase of 16% against the previous year. As a result, imports attained the peak of $1.8M, and then dropped in the following year.

Top Suppliers of Smoked Fish, Incl. Fillets to Luxembourg in 2022:

1. Belgium (40.5 tons)
2. Germany (30.0 tons)
3. France (5.8 tons)

Exports of Smoked Fish, Incl. Fillets in Luxembourg

Smoked fish, incl. fillets exports from Luxembourg skyrocketed to 4 tons in 2022, jumping by 18% on 2021. Over the period under review, exports, however, continue to indicate a slight curtailment. The growth pace was the most rapid in 2021 with an increase of 33% against the previous year.

In value terms, smoked fish, incl. fillets exports totaled $126K in 2022. Overall, total exports indicated a measured expansion from 2019 to 2022: its value increased at an average annual rate of +2.3% 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 +79.4% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 57%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Top Export Markets for Smoked Fish, Incl. Fillets from Luxembourg in 2022:

1. Belgium (1448.0 kg)
2. Germany (1089.0 kg)
3. Azerbaijan (1017.0 kg)
4. France (334.0 kg)
5. Netherlands (75.0 kg)

Source: IndexBox Market Intelligence Platform