Price for Meat of Bovine Animals; Fresh or Chilled in Luxembourg - 2023
Contents:
- Price for Meat of Bovine Animals; Fresh or Chilled in Luxembourg (CIF) - 2022
- Price for Meat of Bovine Animals; Fresh or Chilled in Luxembourg (FOB) - 2022
- Imports of Meat of Bovine Animals; Fresh or Chilled in Luxembourg
- Exports of Meat of Bovine Animals; Fresh or Chilled in Luxembourg
Price for Meat of Bovine Animals; Fresh or Chilled in Luxembourg (CIF) - 2022
In 2022, the average import price for meat of bovine animals; fresh or chilled amounted to $11,411 per ton, approximately reflecting the previous year. Over the last decade, it increased at an average annual rate of +1.0%. The pace of growth was the most pronounced in 2021 an increase of 14% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Ireland ($14,032 per ton) and Germany ($13,440 per ton), while the price for the Netherlands ($9,723 per ton) and Belgium ($10,664 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Meat of Bovine Animals; Fresh or Chilled in Luxembourg (FOB) - 2022
The average export price for meat of bovine animals; fresh or chilled stood at $10,116 per ton in 2022, with an increase of 28% against the previous year. Overall, export price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for meat of bovine animals; fresh or chilled increased by +54.9% against 2020 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 ($14,741 per ton), while the average price for exports to the Netherlands ($1,259 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 (+4.3%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Meat of Bovine Animals; Fresh or Chilled in Luxembourg
In 2022, approx. 6.2K tons of meat of bovine animals; fresh or chilled were imported into Luxembourg; surging by 7.4% compared with the year before. Overall, imports, however, showed a relatively flat trend pattern.
In value terms, imports of meat of bovine animals; fresh or chilled rose notably to $70M in 2022. The total import value increased at an average annual rate of +4.8% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 18%. Imports peaked in 2022 and are expected to retain growth in years to come.
Import of Meat of Bovine Animals; Fresh or Chilled in Luxembourg (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Belgium | 27.9 | 27.9 | 31.8 | 33.0 | 5.8% |
France | 12.3 | 10.9 | 12.4 | 13.7 | 3.7% |
Netherlands | 4.1 | 5.6 | 7.6 | 8.2 | 26.0% |
Ireland | 2.5 | 4.1 | 5.4 | 7.3 | 42.9% |
Germany | 3.7 | 4.3 | 5.1 | 5.6 | 14.8% |
Others | 10.5 | 2.3 | 2.9 | 2.4 | -38.9% |
Total | 61.1 | 55.2 | 65.2 | 70.3 | 4.8% |
Top Suppliers of Meat of Bovine Animals; Fresh or Chilled to Luxembourg in 2022:
- Belgium (3.1K tons)
- France (1.1K tons)
- Netherlands (0.8K tons)
- Ireland (0.5K tons)
- Germany (0.4K tons)
Exports of Meat of Bovine Animals; Fresh or Chilled in Luxembourg
For the third consecutive year, Luxembourg recorded decline in overseas shipments of meat of bovine animals; fresh or chilled, which decreased by -11% to 1.9K tons in 2022. In general, exports continue to indicate a abrupt slump. The smallest decline of -6.1% was in 2021.
In value terms, exports of meat of bovine animals; fresh or chilled expanded remarkably to $19M in 2022. The total export value increased at an average annual rate of +5.0% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat 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 Meat of Bovine Animals; Fresh or Chilled in Luxembourg (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
France | 6.6 | 5.1 | 6.2 | 7.2 | 2.9% |
Belgium | 3.8 | 4.1 | 4.8 | 6.4 | 19.0% |
Germany | 5.6 | 5.1 | 5.4 | 5.1 | -3.1% |
Netherlands | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
Others | 0.2 | 0.1 | 0.2 | 0.2 | 0.0% |
Total | 16.4 | 14.6 | 16.6 | 18.9 | 4.8% |
Top Export Markets for Meat of Bovine Animals; Fresh or Chilled from Luxembourg in 2022:
- Germany (643.0 tons)
- Belgium (630.7 tons)
- France (487.4 tons)
- Netherlands (103.7 tons)
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