Luxembourg: Fresh Pork Cut Market 2024

Fresh Pork Cut Market Size in Luxembourg

The Luxembourg fresh pork cut market was estimated at $X in 2022, approximately equating the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. Fresh pork cut consumption peaked in 2022 and is expected to retain growth in years to come.

Fresh Pork Cut Production in Luxembourg

In value terms, fresh pork cut production stood at $X in 2022 estimated in export price. Over the period under review, the total production indicated a tangible expansion 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 most prominent rate of growth was recorded in 2016 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Fresh Pork Cut Exports

Exports from Luxembourg

In 2022, shipments abroad of fresh or chilled hams, shoulders and cuts of pig meat decreased by X% to X tons, falling for the second consecutive year after two years of growth. Overall, exports showed a mild decrease. The pace of growth appeared the most rapid in 2016 with an increase of X%. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, fresh pork cut exports amounted to $X in 2022. In general, exports recorded a slight shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Belgium (X tons) was the main destination for fresh pork cut exports from Luxembourg, with a X% share of total exports. Moreover, fresh pork cut exports to Belgium exceeded the volume sent to the second major destination, Germany (X tons), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Belgium amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and France (X% per year).

In value terms, Belgium ($X) remains the key foreign market for fresh or chilled hams, shoulders and cuts of pig meat exports from Luxembourg, comprising X% of total exports. The second position in the ranking was held by Germany ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Belgium stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and France (X% per year).

Export Prices by Country

In 2022, the average fresh pork cut export price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2014; afterwards, it flattened through to 2022.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Germany ($X 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 France (X%), while the prices for the other major destinations experienced a decline.

Fresh Pork Cut Imports

Imports into Luxembourg

In 2022, after two years of growth, there was significant decline in overseas purchases of fresh or chilled hams, shoulders and cuts of pig meat, when their volume decreased by X% to X tons. Overall, imports recorded a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, fresh pork cut imports shrank to $X in 2022. Over the period under review, imports showed a slight decline. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Belgium (X tons), France (X tons) and Italy (X tons) were the main suppliers of fresh pork cut imports to Luxembourg, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest fresh pork cut suppliers to Luxembourg were France ($X), Belgium ($X) and Italy ($X), with a combined X% share of total imports.

Among the main suppliers, Italy, 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 more modest paces of growth.

Import Prices by Country

The average fresh pork cut import price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the import price showed prominent growth. The most prominent rate of growth was recorded in 2016 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

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 Spain ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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