Starches; Inulin Price in Luxembourg - 2023

Starches; Inulin Price in Luxembourg (CIF) - 2022

In 2022, the average starches; inulin import price amounted to $3,691 per ton, declining by -8% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 35% against the previous year. The import price peaked at $4,534 per ton in 2014; however, from 2015 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 Belgium ($4,437 per ton), while the price for the Netherlands ($1,608 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Starches; Inulin Price in Luxembourg (FOB) - 2022

The average starches; inulin export price stood at $9,792 per ton in 2022, surging by 6.3% against the previous year. Overall, the export price continues to indicate a slight increase. The pace of growth was the most pronounced in 2016 when the average export price increased by 87%. Over the period under review, the average export prices attained the maximum at $14,068 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($45,000 per ton), while the average price for exports to Azerbaijan ($3,320 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 the Netherlands (+36.4%), while the prices for the other major destinations experienced more modest paces of growth.

Starches; Inulin Imports in Luxembourg

In 2022, after two years of decline, there was growth in purchases abroad of starches; inulins, when their volume increased by 1.9% to 139 tons. Over the period under review, imports, however, showed a slight descent.

In value terms, starches; inulin imports reduced to $515K in 2022. The total import value increased at an average annual rate of +1.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 28%. As a result, imports attained the peak of $549K, and then shrank in the following year.

Import of Starches; Inulin in Luxembourg (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Belgium	375	314	408	358	-1.5%
Germany	37.2	36.9	31.3	53.7	13.0%
France	23.0	33.1	45.0	49.8	29.4%
Netherlands	38.3	6.2	12.9	19.3	-20.4%
Brazil	4.7	8.2	9.1	8.9	23.7%
Portugal	1.7	4.3	5.0	4.8	41.3%
Others	10.5	26.8	37.3	20.3	24.6%
Total	491	430	549	515	1.6%

Top Suppliers of Starches; Inulin to Luxembourg in 2022:

Belgium (80.6 tons)
France (21.2 tons)
Germany (15.8 tons)
Netherlands (12.0 tons)
Portugal (2.3 tons)
Brazil (2.2 tons)

Starches; Inulin Exports in Luxembourg

For the third consecutive year, Luxembourg recorded decline in overseas shipments of starches; inulins, which decreased by -16.8% to 4.5 tons in 2022. Over the period under review, exports showed a sharp curtailment.

In value terms, starches; inulin exports declined to $44K in 2022. Overall, exports faced a sharp reduction.

Export of Starches; Inulin in Luxembourg (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	41.5	46.7	35.7	26.8	-13.6%
Austria	14.1	14.3	9.3	6.8	-21.6%
France	33.1	15.9	1.6	6.7	-41.3%
Belgium	2.4	2.1	2.7	2.6	2.7%
Azerbaijan	N/A	N/A	0.1	0.6	500.0%
Turkey	192	50.8	N/A	N/A	-73.5%
Others	1.1	2.1	0.3	0.5	-23.1%
Total	284	132	49.8	44.0	-46.3%