Luxembourg: Goat Meat Market 2024

Goat Meat Market Size in Luxembourg

The Luxembourg goat meat market dropped remarkably to $X in 2022, which is down by X% against the previous year. In general, consumption continues to indicate a mild setback. Goat meat consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Goat Meat Production in Luxembourg

In value terms, goat meat production stood at $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

In 2022, the average yield of goat meat in Luxembourg dropped to X kg per head, which is down by X% compared with 2021. Overall, the yield showed a pronounced reduction. The pace of growth appeared the most rapid in 2014 when the yield increased by X%. As a result, the yield attained the peak level of X kg per head. From 2015 to 2022, the growth of the average goat meat yield remained at a lower figure.

In 2022, the number of animals slaughtered for goat meat production in Luxembourg expanded markedly to X head, rising by X% compared with the previous year. Overall, the number of producing animals, however, continues to indicate a deep slump. The pace of growth was the most pronounced in 2014 when the number of producing animals increased by X%. As a result, the amount of producing animals attained the peak level of X head. From 2015 to 2022, the growth of this number remained at a lower figure.

Goat Meat Exports

Exports from Luxembourg

In 2022, shipments abroad of goat meat increased by X% to X kg, rising for the second year in a row after two years of decline. In general, exports recorded modest growth. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, goat meat exports shrank markedly to $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when exports increased by X%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Belgium (X kg) was the main destination for goat meat exports from Luxembourg, with a X% share of total exports. Moreover, goat meat exports to Belgium exceeded the volume sent to the second major destination, Azerbaijan (X kg), sixfold. France (X kg) ranked third in terms of total exports with a X% share.

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

In value terms, Belgium ($X) remains the key foreign market for goat meat exports from Luxembourg, comprising X% of total exports. The second position in the ranking was held by France ($X), with a X% share of total exports. It was followed by Azerbaijan, with a X% share.

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

Export Prices by Country

The average goat meat export price stood at $X per ton in 2022, falling by X% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2021, and then contracted markedly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Azerbaijan ($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.

Goat Meat Imports

Imports into Luxembourg

In 2022, approx. X tons of goat meat were imported into Luxembourg; waning by X% against the previous year's figure. Overall, imports continue to indicate a perceptible downturn. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, goat meat imports reduced remarkably to $X in 2022. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

France (X tons), the Netherlands (X tons) and Portugal (X tons) were the main suppliers of goat meat imports to Luxembourg, together accounting for X% of total imports. Belgium and Spain lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constituted the largest supplier of goat meat to Luxembourg, comprising X% of total imports. The second position in the ranking was taken by the Netherlands ($X), with an X% share of total imports. It was followed by Portugal, with a X% share.

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

Import Prices by Country

In 2022, the average goat meat import price amounted to $X per ton, falling by X% against the previous year. In general, import price indicated a pronounced expansion from 2012 to 2022: its price 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, goat meat import price decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2020 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2021 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 Belgium (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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