Luxembourg: Frozen Fish Fillet Market 2022

Frozen Fish Fillet Market Size in Luxembourg

The Luxembourg frozen fish fillet market rose slightly to $X in 2021, surging by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +X% against 2019 indices. Over the period under review, the market attained the maximum level in 2021 and is likely to continue growth in years to come.

Frozen Fish Fillet Exports

Exports from Luxembourg

Frozen fish fillet exports from Luxembourg amounted to X tons in 2021, increasing by X% on 2020 figures. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, frozen fish fillet exports reached $X in 2021. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Belgium (X tons), France (X tons) and Germany (X tons) were the main destinations of frozen fish fillet exports from Luxembourg, together comprising X% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +X%), while the other leaders experienced mixed trend patterns.

In value terms, Belgium ($X), France ($X) and Germany ($X) were the largest markets for frozen fish fillet exported from Luxembourg worldwide, with a combined X% share of total exports.

Among the main countries of destination, Germany, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average frozen fish fillet export price amounted to $X per ton, remaining stable against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by X% against the previous year. The export price peaked in 2021 and is likely to see steady growth in the immediate term.

Average prices varied somewhat for the major overseas markets. In 2021, the highest price was recorded for prices to Germany ($X per ton) and Belgium ($X per ton), while the average price for exports to Azerbaijan ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Azerbaijan (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Frozen Fish Fillet Imports

Imports into Luxembourg

In 2021, the amount of frozen fish fillet imported into Luxembourg shrank modestly to X tons, waning by -X% compared with 2020 figures. Over the period under review, total imports indicated measured growth from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2019 indices. The pace of growth appeared the most rapid in 2016 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, frozen fish fillet imports rose modestly to $X in 2021. Overall, total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2019 indices. The pace of growth appeared the most rapid in 2016 when imports increased by X%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Belgium (X tons) constituted the largest supplier of frozen fish fillet to Luxembourg, with a X% share of total imports. Moreover, frozen fish fillet imports from Belgium exceeded the figures recorded by the second-largest supplier, France (X tons), twofold. Germany (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Belgium amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-X% per year) and Germany (+X% per year).

In value terms, the largest frozen fish fillet suppliers to Luxembourg were Belgium ($X), France ($X) and Germany ($X), with a combined X% share of total imports.

Belgium, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average frozen fish fillet import price amounted to $X per ton, surging by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was France ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

From 2012 to 2021, 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 more modest paces of growth.

Source: IndexBox Platform