Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Luxembourg - 2023

Contents:

1. Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Luxembourg (CIF) - 2023
2. Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Luxembourg (FOB) - 2022
3. Imports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Luxembourg
4. Exports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Luxembourg

Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Luxembourg (CIF) - 2023

The average import price for tomatoes; prepared or preserved otherwise than by vinegar or acetic acid stood at $2,036 per ton in October 2023, waning by -9.7% against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +2.7%. The most prominent rate of growth was recorded in September 2023 an increase of 19% against the previous month. As a result, import price reached the peak level of $2,255 per ton, and then reduced in the following month.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was France ($2,870 per ton), while the price for Italy ($1,514 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Belgium (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Luxembourg (FOB) - 2022

In 2022, the average export price for tomatoes; prepared or preserved otherwise than by vinegar or acetic acid amounted to $1,856 per ton, approximately equating the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 14%. The export price peaked at $1,970 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($2,342 per ton), while the average price for exports to France ($1,600 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 (+2.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Luxembourg

In 2022, the amount of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid imported into Luxembourg stood at 4.3K tons, increasing by 12% on 2021 figures. The total import volume increased at an average annual rate of +4.7% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid rose to $6.4M in 2022. The total import value increased at an average annual rate of +7.6% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 11%. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the near future.

Top Suppliers of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid to Luxembourg in 2022:

1. Italy (2.9K tons)
2. Belgium (1.1K tons)
3. France (0.1K tons)

Exports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Luxembourg

Exports of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid from Luxembourg soared to 413 tons in 2022, rising by 36% on 2021. Overall, total exports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +16.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +59.4% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid surged to $766K in 2022. Over the period under review, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +19.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +77.0% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid from Luxembourg in 2022:

1. France (244.7 tons)
2. Belgium (121.3 tons)
3. Germany (45.4 tons)

Source: IndexBox Market Intelligence Platform