Spices; Turmeric (Curcuma) Price in Luxembourg - 2023
Contents:
- Spices; Turmeric (Curcuma) Price in Luxembourg (CIF) - 2022
- Spices; Turmeric (Curcuma) Price in Luxembourg (FOB) - 2022
- Spices; Turmeric (Curcuma) Imports in Luxembourg
- Spices; Turmeric (Curcuma) Exports in Luxembourg
Spices; Turmeric (Curcuma) Price in Luxembourg (CIF) - 2022
In 2022, the average spices; turmeric (curcuma) import price amounted to $8,626 per ton, shrinking by -20.5% against the previous year. Over the period under review, the import price continues to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2019 when the average import price increased by 27% against the previous year. The import price peaked at $14,709 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($12,155 per ton), while the price for Belgium ($8,046 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (-2.6%), while the prices for the other major suppliers experienced a decline.
Spices; Turmeric (Curcuma) Price in Luxembourg (FOB) - 2022
The average spices; turmeric (curcuma) export price stood at $13,745 per ton in 2022, surging by 2.2% against the previous year. Overall, export price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, spices; turmeric (curcuma) export price decreased by -23.7% against 2020 indices. The most prominent rate of growth was recorded in 2017 an increase of 43%. The export price peaked at $18,007 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($14,068 per ton), while the average price for exports to Germany ($12,741 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 (+52.0%), while the prices for the other major destinations experienced more modest paces of growth.
Spices; Turmeric (Curcuma) Imports in Luxembourg
In 2022, spices; turmeric (curcuma) imports into Luxembourg soared to 7.5 tons, rising by 55% compared with the previous year. In general, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +21.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +77.2% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, spices; turmeric (curcuma) imports skyrocketed to $64K in 2022. The total import value increased at an average annual rate of +2.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period.
| Import of Spices; Turmeric (Curcuma) in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 19.5 | 43.7 | 20.8 | 40.4 | 27.5% |
| Belgium | 5.9 | 12.3 | 13.8 | 12.9 | 29.8% |
| Germany | 7.1 | 9.5 | 10.0 | 7.7 | 2.7% |
| Netherlands | 7.5 | 2.7 | 2.2 | 2.7 | -28.9% |
| India | 15.5 | 0.2 | 4.1 | 0.4 | -70.4% |
| United Kingdom | N/A | 0.8 | 0.6 | N/A | -25.0% |
| Others | 4.9 | 0.1 | 0.7 | 0.3 | -60.6% |
| Total | 60.5 | 69.4 | 52.2 | 64.3 | 2.1% |
Top Suppliers of Spices; Turmeric (Curcuma) to Luxembourg in 2022:
- India (undefined tons)
- France (4.7 tons)
- Belgium (1.6 tons)
- Germany (0.9 tons)
- Netherlands (0.2 tons)
Spices; Turmeric (Curcuma) Exports in Luxembourg
In 2022, approx. 165 kg of spices; turmeric (curcuma) were exported from Luxembourg; reducing by -8.3% against the previous year's figure. Over the period under review, exports faced a significant contraction. The growth pace was the most rapid in 2021 when exports increased by 20% against the previous year.
In value terms, spices; turmeric (curcuma) exports shrank to $2.3K in 2022. Overall, exports recorded a significant curtailment.
| Export of Spices; Turmeric (Curcuma) in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 2.2 | 1.5 | 1.2 | 1.2 | -18.3% |
| France | 0.5 | 0.5 | 1.0 | 0.7 | 11.9% |
| Germany | 45.3 | 0.5 | 0.3 | 0.3 | -81.2% |
| Others | N/A | 0.2 | N/A | N/A | 0% |
| Total | 48.0 | 2.7 | 2.4 | 2.3 | -63.7% |
Top Export Markets for Spices; Turmeric (Curcuma) from Luxembourg in 2022:
- Belgium (88.0 kg)
- France (50.0 kg)
- Germany (27.0 kg)
413
This report provides an in-depth analysis of the ginger market in Luxembourg.
116
This report provides an in-depth analysis of the market for spices except pepper or ginger in Luxembourg.
532
This report provides an in-depth analysis of the market for dog and cat food in Luxembourg.
437
This report provides an in-depth analysis of the apricot market in Luxembourg.
675
This report provides an in-depth analysis of the virgin olive oil market in Luxembourg.
520
This report provides an in-depth analysis of the paint and varnish market in Luxembourg.
235
This report provides an in-depth analysis of the olive oil market in Luxembourg.
222
This report provides an in-depth analysis of the encased lead pencil market in Luxembourg.
279
This report provides an in-depth analysis of the diphosphorus pentaoxide market in Luxembourg.
302
This report provides an in-depth analysis of the market for glass rear-view vehicle mirror in Luxembourg.
1202
The global ginger market is forecast to reach USD 10.3 billion by 2030, growing at a CAGR of 4.7% during the forecast period (2022-2030).
1120
In the wake of the pandemic, the ginger market has accelerated its growth as demand for foods with a reputation for immunity system health has soared to unprecedented heights. India, which almost tripled its export of ginger in 2020, may become a serious competitor to the main global supplier - China. The majority of the developed countries have increased the volume of imports, which, in the context of Covid restrictions and a shortage of container traffic, has led to an increase in prices for the product.
818
The global ginger market revenue amounted to $5.3B in 2018, jumping by 2.8% against the previous year. This figure...
7737
Global ginger consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
8673
Global ginger imports amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
1414
The global ginger market recorded a positive trend over the period under review, growing from X thousand tons in 2007 to X thousand tons in 2015 with a CAGR +X>
7995
The value of total imports on the global ginger market in 2015 stood at X million USD. There was an annual increase of +X% for the period from 2007 to 2015. In physical terms, imports of ginger was X thousand tons i
12103
In 2015, the leading ginger consuming markets were India (X%), Indonesia (X%), Nepal (X%), Nigeria (X%), and China (X%), together accounting for approximately X% of global consumption. These countries were also amongst the leading producers on the g
1704
From 2007 to 2015, global exports on the ginger market grew by +X% per year, amounting to X million USD in 2015. In physical terms, exports were X thousand tons in 2015, X thousand tons more than the year before.
3488
The global ginger production was estimated at X thousand tons in 2015, which was X thousand tons (or X%) more than in 2014.
