Luxembourg - Sweet Potato - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSweet Potato Price in Luxembourg - 2023
Contents:
- Sweet Potato Price in Luxembourg (CIF) - 2022
- Sweet Potato Price in Luxembourg (FOB) - 2022
- Sweet Potato Imports in Luxembourg
- Sweet Potato Exports in Luxembourg
Sweet Potato Price in Luxembourg (CIF) - 2022
The average sweet potato import price stood at $1,509 per ton in 2022, shrinking by -18.7% against the previous year. Over the period under review, the import price showed a perceptible reduction. The growth pace was the most rapid in 2021 when the average import price increased by 6.9%. Over the period under review, average import prices hit record highs at $1,905 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($3,102 per ton), while the price for the United States ($1,089 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+7.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Sweet Potato Price in Luxembourg (FOB) - 2022
In 2022, the average sweet potato export price amounted to $1,693 per ton, reducing by -4% against the previous year. In general, the export price recorded a perceptible slump. The pace of growth was the most pronounced in 2014 an increase of 12% against the previous year. As a result, the export price reached the peak level of $2,801 per ton. From 2015 to 2022, the average 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 Belgium ($4,603 per ton), while the average price for exports to Germany ($1,570 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 Oman (+34.1%), while the prices for the other major destinations experienced mixed trend patterns.
Sweet Potato Imports in Luxembourg
In 2022, the amount of sweet potatoes imported into Luxembourg rose significantly to 425 tons, with an increase of 11% compared with 2021 figures. The total import volume increased at an average annual rate of +8.4% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The growth pace was the most rapid in 2020 with an increase of 13%. Imports peaked in 2022 and are likely to continue growth in the near future.
In value terms, sweet potato imports dropped to $641K in 2022. The total import value increased at an average annual rate of +4.3% 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 2020 when imports increased by 16% against the previous year.
Import of Sweet Potato in Luxembourg (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Belgium | 161 | 198 | 219 | 220 | 11.0% |
Egypt | 46.1 | 3.6 | 93.6 | 110 | 33.6% |
United States | 32.4 | 16.9 | 72.1 | 93.5 | 42.4% |
France | 38.3 | 38.1 | 95.7 | 74.6 | 24.9% |
Spain | 14.1 | 29.5 | 37.8 | 45.2 | 47.4% |
South Africa | 24.0 | 42.8 | 34.9 | 34.9 | 13.3% |
Portugal | 50.3 | 97.3 | 109 | 33.6 | -12.6% |
Netherlands | 178 | 152 | 3.6 | 3.3 | -73.5% |
Others | 21.4 | 77.6 | 42.5 | 25.9 | 6.6% |
Total | 565 | 656 | 708 | 641 | 4.3% |
Top Suppliers of Sweet Potato to Luxembourg in 2022:
- Belgium (113.7 tons)
- Egypt (91.8 tons)
- United States (85.9 tons)
- France (39.1 tons)
- Spain (27.8 tons)
- Portugal (26.2 tons)
- South Africa (25.9 tons)
- Netherlands (1.1 tons)
Sweet Potato Exports in Luxembourg
In 2022, the amount of sweet potatoes exported from Luxembourg skyrocketed to 24 tons, jumping by 17% on the previous year's figure. In general, total exports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +23.3% 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 +87.5% against 2019 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 72%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.
In value terms, sweet potato exports rose significantly to $41K in 2022. Over the period under review, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +19.1% 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 +69.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 46%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.
Export of Sweet Potato in Luxembourg (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
France | 17.1 | 22.3 | 21.0 | 28.8 | 19.0% |
Germany | 6.5 | 4.9 | 5.9 | 8.1 | 7.6% |
Belgium | 0.7 | 0.6 | 2.1 | 4.3 | 83.1% |
Others | 0.1 | 7.8 | 7.7 | N/A | 777.5% |
Total | 24.4 | 35.6 | 36.8 | 41.2 | 19.1% |
Top Export Markets for Sweet Potato from Luxembourg in 2022:
- France (18.3 tons)
- Germany (5.2 tons)
- Belgium (0.9 tons)
This report provides an in-depth analysis of the sweet potato market in Luxembourg. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 122 - Sweet potatoes
Country coverage:
- Luxembourg
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Luxembourg
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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