Price for Cereals; Millet, Other than Seed in Luxembourg - 2023
Contents:
- Price for Cereals; Millet, Other than Seed in Luxembourg (CIF) - 2022
- Price for Cereals; Millet, Other than Seed in Luxembourg (FOB) - 2022
- Imports of Cereals; Millet, Other than Seed in Luxembourg
- Exports of Cereals; Millet, Other than Seed in Luxembourg
Price for Cereals; Millet, Other than Seed in Luxembourg (CIF) - 2022
In 2022, the average import price for cereals; millet, other than seeds amounted to $5,611 per ton, rising by 65% against the previous year. In general, import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +7.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached 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 2022, amid the top importers, the country with the highest price was Germany ($6,328 per ton), while the price for Austria ($2,899 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 (+15.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cereals; Millet, Other than Seed in Luxembourg (FOB) - 2022
The average export price for cereals; millet, other than seeds stood at $10,872 per ton in 2022, standing approx. at the previous year. Overall, the export price continues to indicate a resilient expansion. The pace of growth appeared the most rapid in 2020 when the average export price increased by 68% against the previous year. As a result, the export price reached the peak level of $10,901 per ton; afterwards, it flattened through to 2022.
As there is only one major export destination, the average price level is determined by prices for France.
From 2013 to 2022, the rate of growth in terms of prices for France amounted to +22.1% per year.
Imports of Cereals; Millet, Other than Seed in Luxembourg
After three years of growth, supplies from abroad of cereals; millet, other than seeds decreased by -62.2% to 5.1 tons in 2022. Over the period under review, imports continue to indicate a deep setback. The pace of growth was the most pronounced in 2021 when imports increased by 60%. As a result, imports attained the peak of 13 tons, and then reduced rapidly in the following year.
In value terms, cereals; millet, other than seed imports reduced markedly to $29K in 2022. Overall, imports recorded a noticeable reduction. The pace of growth appeared the most rapid in 2020 with an increase of 31%.
| Import of Cereals; Millet, Other than Seed in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 21.2 | 34.1 | 36.0 | 23.2 | 3.1% |
| Belgium | 3.7 | 2.5 | 6.4 | 2.7 | -10.0% |
| France | 1.1 | 1.5 | 0.8 | 0.9 | -6.5% |
| Austria | 0.6 | 1.8 | 1.6 | 0.9 | 14.5% |
| Netherlands | 1.4 | 0.3 | 0.8 | 0.8 | -17.0% |
| Others | 2.7 | N/A | 0.2 | 0.2 | -58.0% |
| Total | 30.6 | 40.2 | 45.8 | 28.5 | -2.3% |
Top Suppliers of Cereals; Millet, Other than Seed to Luxembourg in 2022:
- Germany (3666.0 kg)
- Belgium (694.0 kg)
- Austria (297.0 kg)
- France (247.0 kg)
- Netherlands (152.0 kg)
Exports of Cereals; Millet, Other than Seed in Luxembourg
In 2022, shipments abroad of cereals; millet, other than seeds decreased by -86.1% to 39 kg for the first time since 2018, thus ending a three-year rising trend. Overall, exports showed a precipitous decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 153% against the previous year. As a result, the exports attained the peak of 281 kg, and then declined sharply in the following year.
In value terms, cereals; millet, other than seed exports dropped sharply to $424 in 2022. Over the period under review, exports saw a abrupt downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 152%. As a result, the exports attained the peak of $3.1K, and then contracted markedly in the following year.
| Export of Cereals; Millet, Other than Seed in Luxembourg (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 353 | 1,157 | 2,997 | 424 | 6.3% |
| Belgium | 239 | 53.0 | 57.0 | N/A | -51.2% |
| Others | 6.0 | N/A | N/A | N/A | 0% |
| Total | 598 | 1,210 | 3,054 | 424 | -10.8% |
Top Export Markets for Cereals; Millet, Other than Seed from Luxembourg in 2022:
- France (39.0 kg)
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