Luxembourg: Preserved Tuna Market 2024

Preserved Tuna Market Size in Luxembourg

The Luxembourg preserved tuna market expanded to $X in 2022, 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). The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Preserved tuna consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Preserved Tuna Exports

Exports from Luxembourg

In 2022, shipments abroad of tuna (prepared or preserved) increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, exports, however, showed a abrupt setback. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, preserved tuna exports expanded notably to $X in 2022. Over the period under review, exports, however, recorded a pronounced curtailment. The growth pace was the most rapid in 2018 with an increase of X%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Belgium (X tons), France (X tons) and Germany (X kg) were the main destinations of preserved tuna exports from Luxembourg, together comprising X% of total exports.

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

In value terms, the largest markets for preserved tuna exported from Luxembourg were Belgium ($X), France ($X) and Germany ($X), 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

The average preserved tuna export price stood at $X per ton in 2022, reducing by X% against the previous year. In general, export price indicated a strong 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 tuna export price increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. The export price peaked at $X per ton in 2021, and then reduced in the following year.

Average prices varied noticeably for the major overseas markets. In 2022, 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 Belgium (X%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Tuna Imports

Imports into Luxembourg

In 2022, the amount of tuna (prepared or preserved) imported into Luxembourg rose markedly to X tons, increasing by X% compared with 2021 figures. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when imports increased by X%. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, preserved tuna imports rose to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Belgium (X tons) constituted the largest preserved tuna supplier to Luxembourg, accounting for a X% share of total imports. Moreover, preserved tuna imports from Belgium exceeded the figures recorded by the second-largest supplier, Portugal (X tons), threefold. France (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Belgium stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (X% per year) and France (X% per year).

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

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

Import Prices by Country

The average preserved tuna import price stood at $X per ton in 2022, declining by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2021, and then declined in the following year.

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

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

Source: IndexBox Platform

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