Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Luxembourg - 2023
Contents:
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Luxembourg (CIF) - 2022
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Luxembourg (FOB) - 2022
- Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Luxembourg
- Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Luxembourg
Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Luxembourg (CIF) - 2022
The average import price for spices; fruits of the genus capsicum or pimenta, crushed or ground stood at $9,409 per ton in 2022, falling by -11% against the previous year. In general, the import price recorded a deep contraction. The most prominent rate of growth was recorded in 2020 when the average import price increased by 12%. The import price peaked at $18,317 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($23,624 per ton), while the price for Portugal ($4,939 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 (+5.2%), while the prices for the other major suppliers experienced a decline.
Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Luxembourg (FOB) - 2022
In 2022, the average export price for spices; fruits of the genus capsicum or pimenta, crushed or ground amounted to $12,381 per ton, declining by -36.9% against the previous year. Overall, the export price showed a abrupt decline. The growth pace was the most rapid in 2013 an increase of 66%. As a result, the export price attained the peak level of $38,243 per ton. From 2014 to 2022, the average export prices remained at a somewhat 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 Azerbaijan ($21,059 per ton), while the average price for exports to France ($8,957 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (-3.6%), while the prices for the other major destinations experienced a decline.
Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Luxembourg
In 2022, the amount of spices; fruits of the genus capsicum or pimenta, crushed or ground imported into Luxembourg expanded sharply to 21 tons, surging by 6.5% on the year before. The total import volume increased at an average annual rate of +9.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 25% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, imports of spices; fruits of the genus capsicum or pimenta, crushed or ground reduced to $199K in 2022. The total import value increased at an average annual rate of +4.8% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 11%. As a result, imports reached the peak of $210K, and then fell in the following year.
| Import of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 60.5 | 69.2 | 88.8 | 83.2 | 11.2% |
| Germany | 6.7 | 32.7 | 41.4 | 49.6 | 94.9% |
| Netherlands | 16.9 | 33.4 | 39.1 | 30.1 | 21.2% |
| France | 56.9 | 46.8 | 35.2 | 25.3 | -23.7% |
| Portugal | 0.5 | 2.4 | 2.8 | 6.4 | 133.9% |
| South Africa | 2.5 | N/A | N/A | N/A | 0% |
| Others | 28.7 | 3.7 | 2.5 | 4.4 | -46.5% |
| Total | 173 | 188 | 210 | 199 | 4.8% |
Top Suppliers of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground to Luxembourg in 2022:
- Belgium (11.0 tons)
- Germany (5.6 tons)
- France (1.8 tons)
- Netherlands (1.3 tons)
- Portugal (1.3 tons)
Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Luxembourg
In 2022, shipments abroad of spices; fruits of the genus capsicum or pimenta, crushed or ground increased by 106% to 825 kg for the first time since 2019, thus ending a two-year declining trend. In general, exports continue to indicate a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of spices; fruits of the genus capsicum or pimenta, crushed or ground soared to $10K in 2022. Over the period under review, exports, however, showed a precipitous descent.
| Export of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 9.8 | 7.9 | 4.1 | 5.0 | -20.1% |
| France | 10.0 | 7.0 | 2.2 | 3.1 | -32.3% |
| Germany | 2.3 | 1.7 | 1.4 | 1.4 | -15.3% |
| Azerbaijan | 1.1 | 0.3 | 0.3 | 0.7 | -14.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 23.2 | 16.8 | 7.8 | 10.2 | -24.0% |
Top Export Markets for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground from Luxembourg in 2022:
- Belgium (353.0 kg)
- France (346.0 kg)
- Germany (92.0 kg)
- Azerbaijan (34.0 kg)
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