Luxembourg: Preserved Salmon Market 2024

Preserved Salmon Market Size in Luxembourg

The Luxembourg preserved salmon market skyrocketed to $X in 2022, growing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. Over the period under review, the market hit record highs at $X in 2014; afterwards, it flattened through to 2022.

Preserved Salmon Production in Luxembourg

In value terms, preserved salmon production rose sharply to $X in 2022 estimated in export price. Over the period under review, the total production indicated a buoyant 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 2013 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

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Preserved Salmon Exports

Exports from Luxembourg

In 2022, the amount of salmon (prepared or preserved) exported from Luxembourg contracted notably to X tons, dropping by X% against 2021 figures. In general, exports, however, continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, preserved salmon exports contracted to $X in 2022. Over the period under review, exports, however, continue to indicate prominent growth. The pace of growth was the most pronounced in 2014 when exports increased by X%. The exports peaked at $X in 2021, and then reduced modestly in the following year.

Exports by Country

Belgium (X tons), France (X kg) and Germany (X kg) were the main destinations of preserved salmon exports from Luxembourg, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of X%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for preserved salmon exported from Luxembourg were France ($X), Belgium ($X) and Germany ($X), together accounting for X% of total exports.

Among the main countries of destination, Belgium, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average preserved salmon export price stood at $X per ton in 2022, rising by X% against the previous year. Overall, export price indicated a slight increase 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, preserved salmon export price increased by X% against 2015 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

Preserved Salmon Imports

Imports into Luxembourg

In 2022, purchases abroad of salmon (prepared or preserved) was finally on the rise to reach X tons after four years of decline. In general, imports, however, showed a abrupt slump. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, preserved salmon imports soared to $X in 2022. Overall, imports, however, showed a perceptible reduction. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Germany (X tons), Belgium (X tons) and Portugal (X tons) were the main suppliers of preserved salmon imports to Luxembourg, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of X%), while purchases for the other leaders experienced a decline.

In value terms, Germany ($X) constituted the largest supplier of salmon (prepared or preserved) to Luxembourg, comprising X% of total imports. The second position in the ranking was taken by Belgium ($X), with a X% share of total imports. It was followed by France, with a X% share.

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

Import Prices by Country

In 2022, the average preserved salmon import price amounted to $X per ton, jumping by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the near future.

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 the Netherlands ($X per ton), while the price for Portugal ($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 more modest paces of growth.

Source: IndexBox Platform

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