Price for Spices; Mixtures of 2 or More Products of the Same Heading in Luxembourg - 2023
Contents:
- Price for Spices; Mixtures of 2 or More Products of the Same Heading in Luxembourg (CIF) - 2023
- Price for Spices; Mixtures of 2 or More Products of the Same Heading in Luxembourg (FOB) - 2022
- Imports of Spices; Mixtures of 2 or More Products of the Same Heading in Luxembourg
- Exports of Spices; Mixtures of 2 or More Products of the Same Heading in Luxembourg
Price for Spices; Mixtures of 2 or More Products of the Same Heading in Luxembourg (CIF) - 2023
In September 2023, the average import price for spices; mixtures of 2 or more products of the same heading amounted to $6,708 per ton, growing by 2.2% against the previous month. Overall, the import price, however, showed a mild slump. The most prominent rate of growth was recorded in December 2022 when the average import price increased by 17% against the previous month. The import price peaked at $10,260 per ton in January 2023; however, from February 2023 to September 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($37,084 per ton), while the price for Portugal ($2,130 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Spices; Mixtures of 2 or More Products of the Same Heading in Luxembourg (FOB) - 2022
In 2022, the average export price for spices; mixtures of 2 or more products of the same heading amounted to $8,499 per ton, reducing by -5.4% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average export price increased by 21% against the previous year. Over the period under review, the average export prices hit record highs at $18,796 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($10,655 per ton), while the average price for exports to Belgium ($6,912 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 Germany (+5.9%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Spices; Mixtures of 2 or More Products of the Same Heading in Luxembourg
In 2022, purchases abroad of spices; mixtures of 2 or more products of the same heading decreased by -7.5% to 317 tons for the first time since 2018, thus ending a three-year rising trend. In general, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 7.7%. As a result, imports attained the peak of 343 tons, and then declined in the following year.
In value terms, imports of spices; mixtures of 2 or more products of the same heading dropped significantly to $2.2M in 2022. The total import value increased at an average annual rate of +3.4% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 18%. As a result, imports attained the peak of $2.7M, and then reduced sharply in the following year.
| Import of Spices; Mixtures of 2 or More Products of the Same Heading in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 729 | 969 | 1,042 | 898 | 7.2% |
| Germany | 350 | 527 | 633 | 467 | 10.1% |
| France | 334 | 347 | 454 | 437 | 9.4% |
| Portugal | 89.0 | 235 | 354 | 238 | 38.8% |
| Netherlands | 120 | 168 | 195 | 137 | 4.5% |
| Others | 388 | 58.5 | 48.8 | 46.0 | -50.9% |
| Total | 2,011 | 2,305 | 2,728 | 2,223 | 3.4% |
Top Suppliers of Spices; Mixtures of 2 or More Products of the Same Heading to Luxembourg in 2022:
- Belgium (188.7 tons)
- Germany (39.3 tons)
- Portugal (38.7 tons)
- France (38.3 tons)
- Netherlands (7.2 tons)
Exports of Spices; Mixtures of 2 or More Products of the Same Heading in Luxembourg
Exports of spices; mixtures of 2 or more products of the same heading from Luxembourg surged to 18 tons in 2022, increasing by 34% compared with 2021. Over the period under review, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +16.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +70.6% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of spices; mixtures of 2 or more products of the same heading skyrocketed to $153K in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 30%. Over the period under review, the exports of spices; mixtures of 2 or more products of same heading hit record highs in 2022 and are likely to continue growth in the near future.
| Export of Spices; Mixtures of 2 or More Products of the Same Heading in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 69.5 | 44.6 | 53.3 | 71.1 | 0.8% |
| France | 39.7 | 33.7 | 43.8 | 63.7 | 17.1% |
| Germany | 33.4 | 7.3 | 9.2 | 11.2 | -30.5% |
| Azerbaijan | 7.5 | 4.5 | 5.3 | 5.5 | -9.8% |
| Others | 1.0 | 2.4 | 9.2 | 1.5 | 14.5% |
| Total | 151 | 92.5 | 121 | 153 | 0.4% |
Top Export Markets for Spices; Mixtures of 2 or More Products of the Same Heading from Luxembourg in 2022:
- Belgium (10.3 tons)
- France (6.3 tons)
- Germany (1.0 tons)
- Azerbaijan (0.2 tons)
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