Luxembourg: Market for Fish Fats And Oils 2024

Market Size for Fish Fats And Oils in Luxembourg

The Luxembourg fish fat and oil market rose remarkably to $X in 2022, growing by X% against the previous year. In general, the total consumption indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Production of Fish Fats And Oils in Luxembourg

In value terms, fish fat and oil production expanded slightly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2020 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Exports of Fish Fats And Oils

Exports from Luxembourg

After five years of growth, shipments abroad of fish fats and oils decreased by X% to X kg in 2022. In general, exports saw a abrupt slump. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, fish fat and oil exports reduced rapidly to $X in 2022. Overall, exports recorded a sharp decrease. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

France (X kg) was the main destination for fish fat and oil exports from Luxembourg, with a approx. X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to France stood at X%.

In value terms, France ($X) also remains the key foreign market for fish fats and oils exports from Luxembourg.

From 2012 to 2022, the average annual growth rate of value to France stood at X%.

Export Prices by Country

In 2022, the average fish fat and oil export price amounted to $X per ton, surging by X% against the previous year. In general, the export price, however, recorded a abrupt setback. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for France.

From 2012 to 2022, the rate of growth in terms of prices for France amounted to X% per year.

Imports of Fish Fats And Oils

Imports into Luxembourg

In 2022, approx. X tons of fish fats and oils were imported into Luxembourg; which is down by X% compared with the previous year's figure. Overall, imports faced a deep contraction. The growth pace was the most rapid in 2019 with an increase of X%. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, fish fat and oil imports declined notably to $X in 2022. Over the period under review, imports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Germany (X kg) constituted the largest fish fat and oil supplier to Luxembourg, accounting for a X% share of total imports. Moreover, fish fat and oil imports from Germany exceeded the figures recorded by the second-largest supplier, France (X kg), twofold. The Netherlands (X kg) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and the Netherlands (X% per year).

In value terms, Germany ($X), France ($X) and the Netherlands ($X) constituted the largest fish fat and oil suppliers to Luxembourg, with a combined X% share of total imports.

In terms of the main suppliers, the Netherlands, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average fish fat and oil import price stood at $X per ton in 2022, reducing by X% against the previous year. Over the period under review, the import price continues to indicate a deep slump. The pace of growth was the most pronounced in 2018 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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