Price for Spices; Cardamoms, Neither Crushed Nor Ground in Luxembourg - 2023

Contents:

1. Price for Spices; Cardamoms, Neither Crushed Nor Ground in Luxembourg (CIF) - 2022
2. Price for Spices; Cardamoms, Neither Crushed Nor Ground in Luxembourg (FOB) - 2022
3. Imports of Spices; Cardamoms, Neither Crushed Nor Ground in Luxembourg
4. Exports of Spices; Cardamoms, Neither Crushed Nor Ground in Luxembourg

Price for Spices; Cardamoms, Neither Crushed Nor Ground in Luxembourg (CIF) - 2022

In 2022, the average import price for spices; cardamoms, neither crushed nor ground amounted to $23,739 per ton, flattening at the previous year. Overall, the import price, however, showed a deep contraction. The most prominent rate of growth was recorded in 2013 an increase of 24%. As a result, import price reached the peak level of $73,962 per ton. From 2014 to 2022, the average import prices failed to regain momentum.

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 Belgium ($70,250 per ton), while the price for Germany ($14,622 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+11.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Spices; Cardamoms, Neither Crushed Nor Ground in Luxembourg (FOB) - 2022

In 2021, the average export price for spices; cardamoms, neither crushed nor ground amounted to $20,250 per ton, reducing by -45.3% against the previous year. Over the period under review, the export price saw a abrupt decline. The most prominent rate of growth was recorded in 2020 when the average export price increased by 72% against the previous year. As a result, the export price attained the peak level of $37,000 per ton, and then shrank notably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($32,500 per ton), while the average price for exports to France totaled $8,000 per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Azerbaijan (+24.3%), while the prices for the other major destinations experienced a decline.

Imports of Spices; Cardamoms, Neither Crushed Nor Ground in Luxembourg

In 2022, purchases abroad of spices; cardamoms, neither crushed nor ground decreased by -60.9% to 211 kg for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, recorded a prominent expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 81%.

In value terms, imports of spices; cardamoms, neither crushed nor ground reduced notably to $5K in 2022. Overall, imports saw a abrupt shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 60%.

Top Suppliers of Spices; Cardamoms, Neither Crushed Nor Ground to Luxembourg in 2022:

1. Germany (119.0 kg)
2. India (48.0 kg)
3. France (39.0 kg)
4. Belgium (4.0 kg)

Exports of Spices; Cardamoms, Neither Crushed Nor Ground in Luxembourg

In 2021, the amount of spices; cardamoms, neither crushed nor ground exported from Luxembourg skyrocketed to 4 kg, rising by 300% against the previous year's figure. Over the period under review, exports saw a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of spices; cardamoms, neither crushed nor ground skyrocketed to $81 in 2021. In general, exports, however, showed a noticeable curtailment.

Top Export Markets for Spices; Cardamoms, Neither Crushed Nor Ground from Luxembourg in 2022:

1. Belgium (2.0 kg)
2. France (2.0 kg)

Source: IndexBox Market Intelligence Platform