Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Luxembourg - 2023
Contents:
- Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Luxembourg (CIF) - 2023
- Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Luxembourg (FOB) - 2022
- Imports of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Luxembourg
- Exports of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Luxembourg
Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Luxembourg (CIF) - 2023
In October 2023, the average import price for nuts, edible; cashew nuts, shelled, fresh or drieds amounted to $6,102 per ton, declining by -14.4% against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 4.7% m-o-m. Over the period under review, average import prices reached the maximum at $7,157 per ton in May 2023; however, from June 2023 to October 2023, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Vietnam.
From October 2022 to October 2023, the rate of growth in terms of prices for Germany amounted to +1.7% per month.
Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Luxembourg (FOB) - 2022
In 2022, the average export price for nuts, edible; cashew nuts, shelled, fresh or drieds amounted to $3,765 per ton, falling by -13.9% against the previous year. Overall, the export price saw a abrupt downturn. The pace of growth was the most pronounced in 2019 when the average export price increased by 51% against the previous year. Over the period under review, the average export prices reached the maximum at $15,893 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($9,420 per ton), while the average price for exports to Italy amounted to $3,275 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (-0.2%).
Imports of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Luxembourg
For the fourth year in a row, Luxembourg recorded growth in purchases abroad of nuts, edible; cashew nuts, shelled, fresh or drieds, which increased by 4.1% to 3.6K tons in 2022. The total import volume increased at an average annual rate of +3.7% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of nuts, edible; cashew nuts, shelled, fresh or drieds dropped to $23M in 2022. In general, imports, however, continue to indicate a pronounced descent. The growth pace was the most rapid in 2020 with an increase of 0.5%. As a result, imports attained the peak of $26M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Luxembourg (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 0.1 | 22.5 | 22.9 | 21.7 | 500.9% |
| Vietnam | 18.6 | 3.4 | 1.0 | 0.6 | -68.2% |
| India | 3.2 | N/A | N/A | N/A | 0% |
| Others | 4.3 | 0.5 | 0.6 | 0.5 | -51.2% |
| Total | 26.2 | 26.3 | 24.5 | 22.8 | -4.5% |
Top Suppliers of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried to Luxembourg in 2022:
- Germany (3422.9 tons)
- Vietnam (86.6 tons)
Exports of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Luxembourg
In 2022, overseas shipments of nuts, edible; cashew nuts, shelled, fresh or drieds decreased by -3.8% to 75 tons, falling for the second consecutive year after two years of growth. In general, exports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2020 with an increase of 70% against the previous year. As a result, the exports attained the peak of 217 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of nuts, edible; cashew nuts, shelled, fresh or drieds contracted dramatically to $284K in 2022. Overall, exports continue to indicate a dramatic shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 31% against the previous year. As a result, the exports attained the peak of $1.5M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 4.4 | 254 | 288 | 229 | 273.4% |
| Germany | 1,137 | 1,259 | 43.0 | 34.1 | -68.9% |
| Others | 29.0 | 16.9 | 11.6 | 20.3 | -11.2% |
| Total | 1,171 | 1,531 | 343 | 284 | -37.6% |
Top Export Markets for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried from Luxembourg in 2022:
- Italy (70.1 tons)
- Germany (3.6 tons)
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