Price for Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in Luxembourg - 2023

Contents:

  1. Price for Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in Luxembourg (CIF) - 2022
  2. Price for Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in Luxembourg (FOB) - 2022
  3. Imports of Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in Luxembourg
  4. Exports of Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in Luxembourg

Price for Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in Luxembourg (CIF) - 2022

The average import price for fresh or chilled sheep (including lamb) boneless cutses stood at $16,248 per ton in 2022, increasing by 3% against the previous year. In general, import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for fresh or chilled sheep (including lamb) boneless cutses increased by +11.4% against 2018 indices. The pace of growth was the most pronounced in 2017 when the average import price increased by 54%. The import price peaked in 2022 and is expected to retain 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 Ireland ($33,455 per ton), while the price for France ($12,096 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in Luxembourg (FOB) - 2022

The average export price for fresh or chilled sheep (including lamb) boneless cutses stood at $18,238 per ton in 2022, with an increase of 4.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2020 an increase of 15%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to continue growth in years to come.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($20,437 per ton), while the average price for exports to France ($16,774 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 Germany (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in Luxembourg

After three years of growth, purchases abroad of fresh or chilled sheep (including lamb) boneless cutses decreased by -24% to 80 tons in 2022. The total import volume increased at an average annual rate of +3.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 27% against the previous year.

In value terms, imports of fresh or chilled sheep (including lamb) boneless cutses declined significantly to $1.3M in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +9.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 33% against the previous year.

Import of Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in Luxembourg (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Belgium6938361,0557783.9%
France14941644244443.9%
Ireland4.461.656.852.7128.8%
United Kingdom114N/AN/AN/A0%
Others46.028.410926.2-17.1%
Total1,0061,3421,6621,3018.9%

Top Suppliers of Fresh or Chilled Sheep (Including Lamb) Boneless Cuts to Luxembourg in 2022:

  1. Belgium (40.5 tons)
  2. France (36.7 tons)
  3. Ireland (1.6 tons)

Exports of Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in Luxembourg

In 2022, approx. 9.2 tons of fresh or chilled sheep (including lamb) boneless cutses were exported from Luxembourg; surging by 11% on the year before. Over the period under review, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +11.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +82.2% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 64% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, exports of fresh or chilled sheep (including lamb) boneless cutses surged to $168K in 2022. In general, exports continue to indicate strong growth. The pace of growth was the most pronounced in 2021 with an increase of 71% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the near future.

Export of Fresh or Chilled Sheep (Including Lamb) Boneless Cuts in Luxembourg (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Belgium39.136.665.175.124.3%
France40.417.441.359.814.0%
Germany12.126.837.933.240.0%
Others6.23.7N/AN/A-40.3%
Total97.884.614416819.8%

Top Export Markets for Fresh or Chilled Sheep (Including Lamb) Boneless Cuts from Luxembourg in 2022:

  1. Belgium (4.0 tons)
  2. France (3.6 tons)
  3. Germany (1.6 tons)

Source: IndexBox Market Intelligence Platform

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