Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Luxembourg - 2023

Contents:

1. Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Luxembourg (CIF) - 2022
2. Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Luxembourg (FOB) - 2022
3. Imports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Luxembourg
4. Exports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Luxembourg

Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Luxembourg (CIF) - 2022

In 2022, the average import price for frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat amounted to $5,614 per ton, picking up by 4.4% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by 78%. The import price peaked at $5,761 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Portugal ($10,597 per ton), while the price for France ($4,728 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 (+2.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Luxembourg (FOB) - 2022

The average export price for frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat stood at $11,295 per ton in 2022, remaining stable against the previous year. In general, the export price showed resilient growth. The most prominent rate of growth was recorded in 2014 an increase of 91% against the previous year. The export price peaked at $18,996 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Azerbaijan ($12,890 per ton), while the average price for exports to Germany ($8,180 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 (+3.2%), while the prices for the other major destinations experienced a decline.

Imports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Luxembourg

In 2022, the amount of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat imported into Luxembourg stood at 121 tons, growing by 3.8% compared with the previous year. The total import volume increased at an average annual rate of +2.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat expanded markedly to $682K in 2022. The total import value increased at an average annual rate of +4.6% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat to Luxembourg in 2022:

1. France (77.6 tons)
2. Belgium (27.1 tons)
3. Netherlands (11.7 tons)
4. Portugal (3.0 tons)
5. Germany (2.0 tons)

Exports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Luxembourg

For the fourth year in a row, Luxembourg recorded growth in shipments abroad of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat, which increased by 33% to 6.4 tons in 2022. Over the period under review, total exports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +22.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +82.4% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat skyrocketed to $72K in 2022. In general, exports recorded significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 122% against the previous year. As a result, the exports reached the peak of $84K. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Top Export Markets for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat from Luxembourg in 2022:

1. Belgium (4.3 tons)
2. France (1.1 tons)
3. Germany (0.8 tons)
4. Azerbaijan (0.4 tons)

Source: IndexBox Market Intelligence Platform