Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Luxembourg - 2023
Contents:
- Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Luxembourg (CIF) - 2023
- Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Luxembourg (FOB) - 2023
- Imports of Fresh or Chilled Boneless Cuts of Bovine Meat in Luxembourg
- Exports of Fresh or Chilled Boneless Cuts of Bovine Meat in Luxembourg
Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Luxembourg (CIF) - 2023
In September 2023, the average import price for fresh or chilled boneless cuts of bovine meat amounted to $13,587 per ton, dropping by -3% against the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in December 2022 when the average import price increased by 8.8% month-to-month. Over the period under review, average import prices reached the maximum at $14,187 per ton in June 2023; however, from July 2023 to September 2023, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In September 2023, the highest price was recorded for prices from Germany ($14,999 per ton) and France ($14,492 per ton), while the price for the Netherlands ($11,515 per ton) and Italy ($11,908 per ton) were amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Belgium (+1.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Luxembourg (FOB) - 2023
The average export price for fresh or chilled boneless cuts of bovine meat stood at $35,041 per ton in October 2023, with an increase of 203% against the previous month. Over the period under review, the export price continues to indicate a buoyant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Azerbaijan.
From October 2022 to October 2023, the rate of growth in terms of prices for Azerbaijan amounted to +3.2% per month.
Imports of Fresh or Chilled Boneless Cuts of Bovine Meat in Luxembourg
In 2022, approx. 3.7K tons of fresh or chilled boneless cuts of bovine meat were imported into Luxembourg; rising by 18% compared with 2021. Overall, imports showed a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of fresh or chilled boneless cuts of bovine meat soared to $49M in 2022. The total import value increased at an average annual rate of +6.7% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 21% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Fresh or Chilled Boneless Cuts of Bovine Meat in Luxembourg (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 14.3 | 16.1 | 19.2 | 21.3 | 14.2% |
| France | 9.6 | 6.7 | 7.4 | 9.4 | -0.7% |
| Ireland | 1.9 | 3.5 | 4.5 | 6.3 | 49.1% |
| Germany | 3.2 | 3.6 | 4.4 | 5.2 | 17.6% |
| Netherlands | 2.0 | 3.3 | 4.5 | 4.8 | 33.9% |
| Denmark | 1.4 | 0.9 | 1.3 | 1.1 | -7.7% |
| Others | 7.6 | 0.6 | 0.8 | 0.5 | -59.6% |
| Total | 40.0 | 34.7 | 42.0 | 48.6 | 6.7% |
Top Suppliers of Fresh or Chilled Boneless Cuts of Bovine Meat to Luxembourg in 2022:
- Belgium (1709.3 tons)
- France (667.6 tons)
- Ireland (457.0 tons)
- Netherlands (393.2 tons)
- Germany (372.3 tons)
- Denmark (79.0 tons)
Exports of Fresh or Chilled Boneless Cuts of Bovine Meat in Luxembourg
In 2022, the amount of fresh or chilled boneless cuts of bovine meat exported from Luxembourg shrank slightly to 1.5K tons, therefore, remained relatively stable against 2021. In general, exports showed a perceptible shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 3.3%.
In value terms, exports of fresh or chilled boneless cuts of bovine meat skyrocketed to $16M in 2022. The total export value increased at an average annual rate of +7.8% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Fresh or Chilled Boneless Cuts of Bovine Meat in Luxembourg (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 2.9 | 3.0 | 3.8 | 5.9 | 26.7% |
| France | 4.8 | 3.5 | 4.5 | 5.7 | 5.9% |
| Germany | 4.6 | 3.9 | 4.1 | 4.0 | -4.6% |
| Netherlands | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Others | 0.2 | 0.1 | 0.2 | 0.2 | 0.0% |
| Total | 12.7 | 10.6 | 12.7 | 15.8 | 7.6% |
Top Export Markets for Fresh or Chilled Boneless Cuts of Bovine Meat from Luxembourg in 2022:
- Belgium (592.8 tons)
- Germany (482.8 tons)
- France (341.4 tons)
- Netherlands (106.1 tons)
694
This report provides an in-depth analysis of the beef market in Luxembourg.
660
This report provides an in-depth analysis of the meat and poultry market in Luxembourg.
949
This report provides an in-depth analysis of the meat market in Luxembourg.
361
This report provides an in-depth analysis of the fresh beef carcase market in Luxembourg.
600
Global Fresh Beef Cut Market Report 2018. This report provides an in-depth analysis of the global fresh beef cut market.
4438
This report provides an in-depth analysis of the global beef market.
2220
This report provides an in-depth analysis of the global meat and poultry market.
2853
This report provides an in-depth analysis of the global meat market.
1014
Global Beef Market Report 2019. This report provides an in-depth analysis of the global beef market.
877
This report provides an in-depth analysis of the global fresh beef carcase market.
660
Explore the top import markets for beef, including China, the United States, South Korea, and more. Discover key statistics and figures from the IndexBox market intelligence platform.
856
The global beef market stood at $379.4B in 2021, approximately mirroring the previous year. This figure reflects the...
1871
The global beef market revenue amounted to $385.7B in 2018, growing by 5.1% against the previous year. This figure...
1373
Global beef market remained relatively stable, rising from X tons in 2007, to X tons in 2016.
4109
Global beef consumption amounted to X thousand tons in 2015, standing approx. at the previous year level.
1823
Global beef exports amounted to X thousand tons in 2015, going up by +X% against the previous year level.
2034
Global beef imports amounted to X thousand tons in 2015, standing approx. at the previous year level.
1181
In 2015, the countries with the highest levels of production in 2015 were the United States (X thousand tons), Brazil (X thousand tons), China (X thousand tons), together accounting for X% of total output.
1292
France dominates in the global beef trade. In 2014, France exported X thousand tons of beef totaling X million USD, X% under the previous year. Its primary trading partner was Italy, where it supplied X% of its total beef exports in value terms
217
Discover the leading countries driving global meat and poultry imports, including key statistics and market insights.
