Report Update Apr 1, 2024

Luxembourg - Frozen Whole Turkeys - Market Analysis, Forecast, Size, Trends and Insights

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Luxembourg: Frozen Whole Turkey Market 2024

Frozen Whole Turkey Market Size in Luxembourg

The Luxembourg frozen whole turkey market dropped notably to $X in 2022, with a decrease of -56.3% 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, consumption, however, saw a prominent expansion. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Frozen Whole Turkey Exports

Exports from Luxembourg

In 2021, the amount of frozen whole turkeys exported from Luxembourg declined significantly to X kg, dropping by -89.5% on the year before. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 800%. Over the period under review, the exports reached the peak figure at X kg in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, frozen whole turkey exports declined significantly to $X in 2021. In general, exports saw a abrupt curtailment. The pace of growth was the most pronounced in 2016 with an increase of 880%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Belgium (X kg) was the main destination for frozen whole turkey exports from Luxembourg, with a approx. 100% share of total exports.

From 2015 to 2021, the average annual rate of growth in terms of volume to Belgium was relatively modest.

In value terms, Belgium ($X) also remains the key foreign market for frozen whole turkeys exports from Luxembourg.

From 2015 to 2021, the average annual growth rate of value to Belgium stood at -8.5%.

Export Prices by Country

The average frozen whole turkey export price stood at $X per ton in 2021, waning by -15.9% against the previous year. In general, the export price saw a drastic downturn. The growth pace was the most rapid in 2016 when the average export price increased by 8.9%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

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

From 2015 to 2021, the rate of growth in terms of prices for Belgium amounted to -8.5% per year.

Frozen Whole Turkey Imports

Imports into Luxembourg

In 2022, after two years of growth, there was significant decline in purchases abroad of frozen whole turkeys, when their volume decreased by -55.7% to X kg. Overall, imports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2020 with an increase of 10,100%. Imports peaked at X tons in 2021, and then dropped significantly in the following year.

In value terms, frozen whole turkey imports shrank remarkably to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 1,803% against the previous year. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Portugal (X kg) was the main supplier of frozen whole turkey to Luxembourg, accounting for a 97% share of total imports. It was followed by Germany (X kg), with a 2.9% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Portugal totaled -11.7%.

In value terms, Portugal ($X) constituted the largest supplier of frozen whole turkeys to Luxembourg, comprising 97% of total imports. The second position in the ranking was taken by Germany ($X), with a 3.2% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Portugal amounted to -13.6%.

Import Prices by Country

In 2022, the average frozen whole turkey import price amounted to $X per ton, falling by -11.5% against the previous year. Over the period under review, the import price faced a deep setback. The growth pace was the most rapid in 2018 when the average import price increased by 117%. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Portugal amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+12.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for frozen whole turkeys in the world?

The countries with the highest volumes of consumption in 2022 were the United States, India and Brazil, with a combined 51% share of global consumption. Mexico, Australia, Turkey, Germany, Chile, Canada, Argentina, Panama and Finland lagged somewhat behind, together accounting for a further 24%.

What are the largest producers of frozen whole turkeys in the world?

The United States remains the largest frozen whole turkey producing country worldwide, comprising approx. 38% of total volume. Moreover, frozen whole turkey production in the United States exceeded the figures recorded by the second-largest producer, India, twofold. Brazil ranked third in terms of total production with an 8% share.

What are the leading suppliers of frozen whole turkeys to Luxembourg?

In value terms, Portugal constituted the largest supplier of frozen whole turkeys to Luxembourg, comprising 97% of total imports. The second position in the ranking was held by Germany $68), with a 3.2% share of total imports.

What are the leading importers of frozen whole turkeys from Luxembourg?

In value terms, Belgium $24) remains the key foreign market for frozen whole turkeys exports from Luxembourg.

What is the average export price for frozen whole turkeys in Luxembourg?

The average frozen whole turkey export price stood at $12,000 per ton in 2021, waning by -15.9% against the previous year.

What is the average import price for frozen whole turkeys in Luxembourg?

The average frozen whole turkey import price stood at $4,313 per ton in 2022, declining by -11.5% against the previous year.

This report provides an in-depth analysis of the frozen whole turkey market in Luxembourg. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10122015 - Frozen whole turkeys

Country coverage:

Luxembourg

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Luxembourg
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Producing Animals Slaughtered, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023