Price for Fish fillets; frozen, flat fish (Pleuronectidae, Bothidae, Cynoglossidae, Soleidae, Scophthalmidae and Citharidae) in Luxembourg - 2023

Contents:

  1. Price for Fish Fillets; Frozen, Flat Fish (Pleuronectidae, Bothidae, Cynoglossidae, Soleidae, Scophthalmidae and Citharidae) in Luxembourg (CIF) - 2022
  2. Price for Fish Fillets; Frozen, Flat Fish (Pleuronectidae, Bothidae, Cynoglossidae, Soleidae, Scophthalmidae and Citharidae) in Luxembourg (FOB) - 2022
  3. Imports of Fish Fillets; Frozen, Flat Fish (Pleuronectidae, Bothidae, Cynoglossidae, Soleidae, Scophthalmidae and Citharidae) in Luxembourg
  4. Exports of Fish Fillets; Frozen, Flat Fish (Pleuronectidae, Bothidae, Cynoglossidae, Soleidae, Scophthalmidae and Citharidae) in Luxembourg

Price for Fish Fillets; Frozen, Flat Fish (Pleuronectidae, Bothidae, Cynoglossidae, Soleidae, Scophthalmidae and Citharidae) in Luxembourg (CIF) - 2022

In 2022, the average import price for fish fillets; frozen, flat fish (pleuronectidae, bothidae, cynoglossidae, soleidae, scophthalmidae and citharidae)s amounted to $10,846 per ton, rising by 4.4% against the previous year. Over the last decade, it increased at an average annual rate of +3.2%. The growth pace was the most rapid in 2016 when the average import price increased by 24%. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

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 Belgium ($14,645 per ton), while the price for Denmark ($2,205 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Senegal (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Fish Fillets; Frozen, Flat Fish (Pleuronectidae, Bothidae, Cynoglossidae, Soleidae, Scophthalmidae and Citharidae) in Luxembourg (FOB) - 2022

In 2022, the average export price for fish fillets; frozen, flat fish (pleuronectidae, bothidae, cynoglossidae, soleidae, scophthalmidae and citharidae)s amounted to $14,823 per ton, which is down by -5.5% against the previous year. In general, export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +3.5% 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 fish fillets; frozen, flat fish (pleuronectidae, bothidae, cynoglossidae, soleidae, scophthalmidae and citharidae)s decreased by -16.1% against 2020 indices. The pace of growth appeared the most rapid in 2020 when the average export price increased by 29% against the previous year. As a result, the export price attained the peak level of $17,671 per ton. From 2021 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was France ($16,107 per ton), while the average price for exports to Germany ($13,141 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 Niger (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fish Fillets; Frozen, Flat Fish (Pleuronectidae, Bothidae, Cynoglossidae, Soleidae, Scophthalmidae and Citharidae) in Luxembourg

Imports of fish fillets; frozen, flat fish (pleuronectidae, bothidae, cynoglossidae, soleidae, scophthalmidae and citharidae)s into Luxembourg dropped markedly to 17 tons in 2022, declining by -27% compared with 2021 figures. Over the period under review, imports recorded a deep contraction. The pace of growth appeared the most rapid in 2021 with an increase of 2.4% against the previous year.

In value terms, imports of fish fillets; frozen, flat fish (pleuronectidae, bothidae, cynoglossidae, soleidae, scophthalmidae and citharidae)s contracted notably to $180K in 2022. Overall, imports continue to indicate a deep reduction. The pace of growth was the most pronounced in 2021 when imports increased by 7%.

Import of Fish Fillets; Frozen, Flat Fish (Pleuronectidae, Bothidae, Cynoglossidae, Soleidae, Scophthalmidae and Citharidae) in Luxembourg (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Senegal76.173.882.482.22.6%
Germany30.535.132.426.0-5.2%
Belgium69.235.930.725.9-27.9%
China26.135.861.918.9-10.2%
Netherlands16.015.19.76.3-26.7%
France24.311.36.05.2-40.2%
Denmark1.32.22.51.30.0%
Others10.911.410.714.08.7%
Total254221236180-10.8%

Top Suppliers of Fish Fillets; Frozen, Flat Fish (Pleuronectidae, Bothidae, Cynoglossidae, Soleidae, Scophthalmidae and Citharidae) to Luxembourg in 2022:

  1. Senegal (5.6 tons)
  2. Germany (3.4 tons)
  3. China (2.5 tons)
  4. Belgium (1.8 tons)
  5. Netherlands (0.8 tons)
  6. Denmark (0.6 tons)
  7. France (0.5 tons)

Exports of Fish Fillets; Frozen, Flat Fish (Pleuronectidae, Bothidae, Cynoglossidae, Soleidae, Scophthalmidae and Citharidae) in Luxembourg

In 2022, exports of fish fillets; frozen, flat fish (pleuronectidae, bothidae, cynoglossidae, soleidae, scophthalmidae and citharidae)s from Luxembourg reduced notably to 943 kg, which is down by -46.5% compared with 2021 figures. Overall, exports showed a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 71%. As a result, the exports reached the peak of 1.8 tons, and then reduced sharply in the following year.

In value terms, exports of fish fillets; frozen, flat fish (pleuronectidae, bothidae, cynoglossidae, soleidae, scophthalmidae and citharidae)s shrank dramatically to $14K in 2022. In general, exports showed a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 52%. As a result, the exports reached the peak of $28K, and then fell rapidly in the following year.

Export of Fish Fillets; Frozen, Flat Fish (Pleuronectidae, Bothidae, Cynoglossidae, Soleidae, Scophthalmidae and Citharidae) in Luxembourg (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Belgium8.011.111.57.6-1.7%
France2.22.67.93.820.0%
Germany2.62.17.52.5-1.3%
Azerbaijan0.9N/A0.30.1-51.9%
Niger8.82.40.5N/A-76.2%
OthersN/AN/AN/AN/A0%
Total22.718.227.714.0-14.9%

Top Export Markets for Fish Fillets; Frozen, Flat Fish (Pleuronectidae, Bothidae, Cynoglossidae, Soleidae, Scophthalmidae and Citharidae) from Luxembourg in 2022:

  1. Belgium (510.0 kg)
  2. France (233.0 kg)
  3. Germany (192.0 kg)
  4. Azerbaijan (8.0 kg)

Source: IndexBox Market Intelligence Platform

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