The price per unit of fresh bovine meat in Luxembourg has generally increased from 2011 to 2021, starting at €12.46 per kilogram in 2011 and reaching €17.52 per kilogram in 2021. Notable peaks include 2014's €15.41 and a sharp rise to €18.97 in 2020, followed by a slight decrease in 2021. The overall compound annual growth rate (CAGR) from 2017 to 2021 was positive. However, the year-on-year variation showed fluctuations, with the most significant change between 2019 and 2020.
Future trends to watch include market disruptions from global trade issues or environmental policies, consumer demand shifts towards sustainable or alternative protein sources, and inflationary pressures that may affect meat pricing.
