Price for Spices; Nutmeg, Neither Crushed Nor Ground in Luxembourg - 2023
Contents:
- Price for Spices; Nutmeg, Neither Crushed Nor Ground in Luxembourg (CIF) - 2022
- Price for Spices; Nutmeg, Neither Crushed Nor Ground in Luxembourg (FOB) - 2022
- Imports of Spices; Nutmeg, Neither Crushed Nor Ground in Luxembourg
- Exports of Spices; Nutmeg, Neither Crushed Nor Ground in Luxembourg
Price for Spices; Nutmeg, Neither Crushed Nor Ground in Luxembourg (CIF) - 2022
The average import price for spices; nutmeg, neither crushed nor ground stood at $16,766 per ton in 2022, shrinking by -12.9% against the previous year. Overall, the import price saw a abrupt contraction. The pace of growth was the most pronounced in 2021 an increase of 19%. Over the period under review, average import prices reached the peak figure at $35,132 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($45,842 per ton), while the price for Germany ($7,893 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 (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Nutmeg, Neither Crushed Nor Ground in Luxembourg (FOB) - 2022
The average export price for spices; nutmeg, neither crushed nor ground stood at $53,345 per ton in 2022, with an increase of 35% against the previous year. Over the last decade, it increased at an average annual rate of +3.6%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($64,403 per ton), while the average price for exports to Germany ($35,681 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 (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Nutmeg, Neither Crushed Nor Ground in Luxembourg
In 2022, approx. 2.3 tons of spices; nutmeg, neither crushed nor ground were imported into Luxembourg; shrinking by -22.8% against 2021 figures. Over the period under review, imports continue to indicate a perceptible setback. The most prominent rate of growth was recorded in 2021 with an increase of 22%. As a result, imports reached the peak of 2.9 tons, and then contracted dramatically in the following year.
In value terms, imports of spices; nutmeg, neither crushed nor ground contracted sharply to $38K in 2022. In general, imports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 45% against the previous year. As a result, imports attained the peak of $57K, and then reduced sharply in the following year.
| Import of Spices; Nutmeg, Neither Crushed Nor Ground in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 7.8 | 7.0 | 7.5 | 9.9 | 8.3% |
| Austria | 27.5 | 10.7 | 24.7 | 7.5 | -35.2% |
| Germany | 6.6 | 7.5 | 8.5 | 6.8 | 1.0% |
| Indonesia | 6.1 | 4.8 | 5.5 | 5.2 | -5.2% |
| France | 4.3 | 4.1 | 3.7 | 3.9 | -3.2% |
| Belgium | 3.1 | 3.7 | 4.7 | 2.7 | -4.5% |
| Portugal | 0.6 | 1.0 | 1.4 | 1.8 | 44.2% |
| Others | 0.2 | 0.4 | 0.7 | 0.3 | 14.5% |
| Total | 56.2 | 39.0 | 56.7 | 38.1 | -12.2% |
Top Suppliers of Spices; Nutmeg, Neither Crushed Nor Ground to Luxembourg in 2022:
- Germany (859.0 kg)
- Indonesia (638.0 kg)
- Netherlands (215.0 kg)
- Austria (198.0 kg)
- Belgium (173.0 kg)
- France (110.0 kg)
- Portugal (73.0 kg)
Exports of Spices; Nutmeg, Neither Crushed Nor Ground in Luxembourg
In 2022, exports of spices; nutmeg, neither crushed nor ground from Luxembourg dropped to 148 kg, with a decrease of -5.1% compared with the previous year. The total export volume increased at an average annual rate of +1.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 43%. As a result, the exports reached the peak of 156 kg, and then shrank in the following year.
In value terms, exports of spices; nutmeg, neither crushed nor ground soared to $7.9K in 2022. Over the period under review, total exports indicated mild growth from 2019 to 2022: its value increased at an average annual rate of +1.9% 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 +51.9% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Spices; Nutmeg, Neither Crushed Nor Ground in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 3.8 | 2.5 | 3.3 | 4.3 | 4.2% |
| Germany | 1.3 | 1.4 | 1.3 | 1.7 | 9.4% |
| France | 1.1 | 1.1 | 1.5 | 1.5 | 10.9% |
| Azerbaijan | 1.3 | 0.1 | N/A | 0.4 | -32.5% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 7.5 | 5.2 | 6.2 | 7.9 | 1.7% |
Top Export Markets for Spices; Nutmeg, Neither Crushed Nor Ground from Luxembourg in 2022:
- Belgium (67.0 kg)
- Germany (47.0 kg)
- France (24.0 kg)
- Azerbaijan (10.0 kg)
357
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Luxembourg.
3988
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
357
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Luxembourg.
3988
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
3773
In 2016, the nutmeg, mace and cardamom market peaked at X tons. Over the period from 2007 to 2016, consumption expanded with an annual average rate of growth of +X%. Following a slight decline in consumption from 2009-2010, the nutmeg, mace and
8418
In 2015, the countries with the highest levels of production in 2015 were Guatemala (X thousand tons), Indonesia (X thousand tons), India (X thousand tons), together accounting for X% of total output.
3860
Guatemala continued its dominance in the global trade of nutmeg, mace and cardamom. In 2014, Guatemala exported X thousand tons of nutmeg, mace and cardamoms totaling X USD, X% over the previous year. Its primary trading partner was Saudi Arabia,
3773
In 2016, the nutmeg, mace and cardamom market peaked at X tons. Over the period from 2007 to 2016, consumption expanded with an annual average rate of growth of +X%. Following a slight decline in consumption from 2009-2010, the nutmeg, mace and
8418
In 2015, the countries with the highest levels of production in 2015 were Guatemala (X thousand tons), Indonesia (X thousand tons), India (X thousand tons), together accounting for X% of total output.
3860
Guatemala continued its dominance in the global trade of nutmeg, mace and cardamom. In 2014, Guatemala exported X thousand tons of nutmeg, mace and cardamoms totaling X USD, X% over the previous year. Its primary trading partner was Saudi Arabia,
