Price for Spices; Ginger, Neither Crushed Nor Ground in Luxembourg - 2023
Contents:
- Price for Spices; Ginger, Neither Crushed Nor Ground in Luxembourg (CIF) - 2022
- Price for Spices; Ginger, Neither Crushed Nor Ground in Luxembourg (FOB) - 2022
- Imports of Spices; Ginger, Neither Crushed Nor Ground in Luxembourg
- Exports of Spices; Ginger, Neither Crushed Nor Ground in Luxembourg
Price for Spices; Ginger, Neither Crushed Nor Ground in Luxembourg (CIF) - 2022
The average import price for spices; ginger, neither crushed nor ground stood at $2,929 per ton in 2022, falling by -22.6% against the previous year. In general, the import price recorded a mild curtailment. The most prominent rate of growth was recorded in 2017 when the average import price increased by 32% against the previous year. The import price peaked at $4,060 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($4,670 per ton), while the price for the Netherlands ($2,061 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Ginger, Neither Crushed Nor Ground in Luxembourg (FOB) - 2022
In 2022, the average export price for spices; ginger, neither crushed nor ground amounted to $3,030 per ton, falling by -19.6% against the previous year. In general, the export price, however, saw a temperate increase. The pace of growth was the most pronounced in 2014 an increase of 58%. As a result, the export price attained the peak level of $5,407 per ton. From 2015 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Azerbaijan ($18,000 per ton), while the average price for exports to Germany ($2,841 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 Azerbaijan (+20.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Ginger, Neither Crushed Nor Ground in Luxembourg
In 2022, approx. 101 tons of spices; ginger, neither crushed nor ground were imported into Luxembourg; picking up by 5.3% against the previous year's figure. The total import volume increased at an average annual rate of +4.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2020 with an increase of 24%. As a result, imports attained the peak of 110 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of spices; ginger, neither crushed nor ground contracted notably to $295K in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when imports increased by 48% against the previous year. As a result, imports reached the peak of $431K. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Spices; Ginger, Neither Crushed Nor Ground in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 72.2 | 158 | 149 | 127 | 20.7% |
| Netherlands | 74.5 | 127 | 99.1 | 76.9 | 1.1% |
| Germany | 21.9 | 79.3 | 67.0 | 47.6 | 29.5% |
| France | 53.0 | 42.6 | 44.9 | 42.8 | -6.9% |
| China | 34.0 | N/A | N/A | N/A | 0% |
| Others | 36.1 | 23.2 | 2.6 | 1.2 | -67.8% |
| Total | 292 | 431 | 363 | 295 | 0.3% |
Top Suppliers of Spices; Ginger, Neither Crushed Nor Ground to Luxembourg in 2022:
- Belgium (40.6 tons)
- Netherlands (37.3 tons)
- Germany (13.4 tons)
- France (9.2 tons)
Exports of Spices; Ginger, Neither Crushed Nor Ground in Luxembourg
In 2022, after two years of decline, there was significant growth in overseas shipments of spices; ginger, neither crushed nor ground, when their volume increased by 18% to 15 tons. In general, exports, however, recorded a deep reduction.
In value terms, exports of spices; ginger, neither crushed nor ground contracted to $44K in 2022. Overall, exports, however, recorded a deep contraction. The growth pace was the most rapid in 2020 with an increase of 18% against the previous year. As a result, the exports reached the peak of $65K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Spices; Ginger, Neither Crushed Nor Ground in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 19.9 | 33.6 | 25.5 | 22.8 | 4.6% |
| France | 8.6 | 19.0 | 17.1 | 16.5 | 24.3% |
| Belgium | 26.0 | 6.0 | 3.5 | 4.2 | -45.5% |
| Spain | N/A | 3.3 | N/A | N/A | 0% |
| Others | 0.9 | 3.3 | 0.4 | 0.7 | -8.0% |
| Total | 55.5 | 65.2 | 46.5 | 44.2 | -7.3% |
Top Export Markets for Spices; Ginger, Neither Crushed Nor Ground from Luxembourg in 2022:
- Germany (8.0 tons)
- France (5.6 tons)
- Belgium (0.9 tons)
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