Price for Spices; Cardamoms, Crushed or Ground in Luxembourg - 2023
Contents:
- Price for Spices; Cardamoms, Crushed or Ground in Luxembourg (CIF) - 2022
- Price for Spices; Cardamoms, Crushed or Ground in Luxembourg (FOB) - 2022
- Imports of Spices; Cardamoms, Crushed or Ground in Luxembourg
- Exports of Spices; Cardamoms, Crushed or Ground in Luxembourg
Price for Spices; Cardamoms, Crushed or Ground in Luxembourg (CIF) - 2022
The average import price for spices; cardamoms, crushed or ground stood at $40,632 per ton in 2022, surging by 68% against the previous year. Over the period under review, the import price showed resilient growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($52,250 per ton), while the price for India ($25,500 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+16.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Cardamoms, Crushed or Ground in Luxembourg (FOB) - 2022
In 2022, the average export price for spices; cardamoms, crushed or ground amounted to $16,400 per ton, growing by 14% against the previous year. In general, the export price recorded a noticeable increase. The most prominent rate of growth was recorded in 2015 an increase of 65%. Over the period under review, the average export prices attained the peak figure at $34,231 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Belgium.
From 2012 to 2022, the rate of growth in terms of prices for Belgium amounted to +2.9% per year.
Imports of Spices; Cardamoms, Crushed or Ground in Luxembourg
After three years of growth, overseas purchases of spices; cardamoms, crushed or ground decreased by -62.2% to 133 kg in 2022. In general, imports, however, enjoyed a modest expansion. The growth pace was the most rapid in 2021 when imports increased by 171% against the previous year. As a result, imports attained the peak of 352 kg, and then shrank notably in the following year.
In value terms, spices; cardamoms, crushed or ground imports declined sharply to $5.4K in 2022. Over the period under review, imports, however, recorded a strong expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 77%. As a result, imports attained the peak of $8.5K, and then fell notably in the following year.
| Import of Spices; Cardamoms, Crushed or Ground in Luxembourg (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,854 | 2,002 | 3,774 | 2,717 | 13.6% |
| Sweden | 448 | 716 | 2,172 | 1,139 | 36.5% |
| Belgium | 631 | 910 | 822 | 590 | -2.2% |
| India | N/A | N/A | N/A | 255 | 0% |
| France | 424 | 155 | 220 | 213 | -20.5% |
| Netherlands | N/A | N/A | 66.0 | 164 | 148.5% |
| United Kingdom | N/A | N/A | 784 | N/A | 0% |
| Turkey | N/A | N/A | 499 | N/A | 0% |
| Others | 518 | 1,037 | 189 | 326 | -14.3% |
| Total | 3,875 | 4,820 | 8,526 | 5,404 | 11.7% |
Top Suppliers of Spices; Cardamoms, Crushed or Ground to Luxembourg in 2022:
- Germany (52.0 kg)
- Sweden (31.0 kg)
- Belgium (22.0 kg)
- India (10.0 kg)
- France (6.0 kg)
- Netherlands (5.0 kg)
Exports of Spices; Cardamoms, Crushed or Ground in Luxembourg
In 2022, spices; cardamoms, crushed or ground exports from Luxembourg reduced remarkably to 5 kg, waning by -16.7% against 2021. Over the period under review, exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 20%. As a result, the exports reached the peak of 6 kg, and then dropped markedly in the following year.
In value terms, spices; cardamoms, crushed or ground exports reduced to $82 in 2022. In general, exports showed a abrupt slump. The growth pace was the most rapid in 2021 with an increase of 69% against the previous year.
| Export of Spices; Cardamoms, Crushed or Ground in Luxembourg (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 112 | 51.0 | 86.0 | 82.0 | -9.9% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 112 | 51.0 | 86.0 | 82.0 | -9.9% |
Top Export Markets for Spices; Cardamoms, Crushed or Ground from Luxembourg in 2022:
- Belgium (5.0 kg)
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In 2016, the nutmeg, mace and cardamom market peaked at X tons. Over the period from 2007 to 2016, consumption expanded with an annual average rate of growth of +X%. Following a slight decline in consumption from 2009-2010, the nutmeg, mace and
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