Shrimp Price in Luxembourg - 2023
Contents:
- Shrimp Price in Luxembourg (CIF) - 2023
- Shrimp Price in Luxembourg (FOB) - 2023
- Shrimp Imports in Luxembourg
- Shrimp Exports in Luxembourg
Shrimp Price in Luxembourg (CIF) - 2023
The average shrimp import price stood at $13,865 per ton in April 2023, with an increase of 10% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In April 2023, the country with the highest price was Germany ($15,552 per ton), while the price for Portugal ($7,542 per ton) was amongst the lowest.
From April 2022 to April 2023, the most notable rate of growth in terms of prices was attained by Portugal (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Shrimp Price in Luxembourg (FOB) - 2023
The average shrimp export price stood at $18,204 per ton in May 2023, stabilizing at the previous month. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 9% month-to-month. As a result, the export price attained the peak level of $18,207 per ton, leveling off in the following month.
Average prices varied somewhat for the major export markets. In May 2023, the countries with the highest prices were Azerbaijan ($22,382 per ton) and Germany ($19,792 per ton), while the average price for exports to France ($16,205 per ton) and Belgium ($18,638 per ton) were amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+0.5%), while the prices for the other major destinations experienced more modest paces of growth.
Shrimp Imports in Luxembourg
In 2022, approx. 1.1K tons of shrimps were imported into Luxembourg; waning by -26.9% compared with the year before. Over the period under review, imports recorded a deep contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 9.3% against the previous year. As a result, imports reached the peak of 1.5K tons, and then dropped remarkably in the following year.
In value terms, shrimp imports declined notably to $16M in 2022. In general, imports recorded a pronounced downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 11% against the previous year. As a result, imports attained the peak of $20M, and then reduced remarkably in the following year.
| Import of Shrimp in Luxembourg (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 4.9 | 8.7 | 9.4 | 7.3 | 14.2% |
| Netherlands | 2.4 | 3.4 | 4.1 | 3.7 | 15.5% |
| France | 3.3 | 4.6 | 5.1 | 3.6 | 2.9% |
| Germany | 0.5 | 1.0 | 1.2 | 0.8 | 17.0% |
| Portugal | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Vietnam | 1.0 | N/A | N/A | N/A | 0% |
| India | 1.2 | N/A | N/A | N/A | 0% |
| Bangladesh | 1.7 | N/A | N/A | N/A | 0% |
| Others | 2.5 | 0.3 | 0.1 | 0.2 | -56.9% |
| Total | 17.5 | 18.0 | 20.0 | 15.7 | -3.6% |
Top Suppliers of Shrimp to Luxembourg in 2022:
- Belgium (527.6 tons)
- Netherlands (254.2 tons)
- France (244.4 tons)
- Germany (47.6 tons)
- Portugal (23.4 tons)
Shrimp Exports in Luxembourg
Shrimp exports from Luxembourg contracted dramatically to 26 tons in 2022, waning by -73.5% compared with 2021. Over the period under review, exports showed a precipitous slump. The pace of growth was the most pronounced in 2021 with an increase of 24% against the previous year.
In value terms, shrimp exports contracted dramatically to $437K in 2022. In general, exports saw a precipitous setback. The pace of growth was the most pronounced in 2021 when exports increased by 25% against the previous year. As a result, the exports reached the peak of $1.8M, and then reduced markedly in the following year.
| Export of Shrimp in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 789 | 707 | 925 | 204 | -36.3% |
| France | 588 | 451 | 481 | 152 | -36.3% |
| Germany | 237 | 210 | 293 | 69.7 | -33.5% |
| Azerbaijan | 22.6 | 36.9 | 50.3 | 10.4 | -22.8% |
| Others | 17.7 | 3.1 | 4.9 | N/A | -47.4% |
| Total | 1,654 | 1,408 | 1,754 | 437 | -35.8% |
Top Export Markets for Shrimp from Luxembourg in 2022:
- Belgium (12.7 tons)
- France (9.4 tons)
- Germany (3.5 tons)
- Azerbaijan (0.4 tons)
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