Spices; Saffron Price in Luxembourg - 2023
Contents:
- Spices; Saffron Price in Luxembourg (CIF) - 2022
- Spices; Saffron Price in Luxembourg (FOB) - 2022
- Spices; Saffron Imports in Luxembourg
- Spices; Saffron Exports in Luxembourg
Spices; Saffron Price in Luxembourg (CIF) - 2022
The average spices; saffron import price stood at $168,642 per ton in 2022, stabilizing at the previous year. Over the period under review, the import price continues to indicate a buoyant increase. The pace of growth appeared the most rapid in 2017 an increase of 452% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the near future.
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 Belgium ($217,388 per ton), while the price for Italy ($55,745 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+2,876.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Spices; Saffron Price in Luxembourg (FOB) - 2022
In 2022, the average spices; saffron export price amounted to $282,321 per ton, surging by 32% against the previous year. In general, export price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +8.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, spices; saffron export price increased by +50.1% against 2020 indices. The pace of growth was the most pronounced in 2016 when the average export price increased by 55% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($412,913 per ton), while the average price for exports to Germany ($202,528 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 (+16.9%), while the prices for the other major destinations experienced mixed trend patterns.
Spices; Saffron Imports in Luxembourg
In 2022, spices; saffron imports into Luxembourg plummeted to 874 kg, with a decrease of -32.8% compared with 2021. In general, imports faced a significant decrease. The smallest decline of -1% was in 2021.
In value terms, spices; saffron imports reduced notably to $147K in 2022. Over the period under review, imports showed a noticeable reduction. The growth pace was the most rapid in 2021 with an increase of 16%. As a result, imports reached the peak of $217K, and then declined remarkably in the following year.
| Import of Spices; Saffron in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 64.3 | 69.8 | 77.6 | 56.8 | -4.0% |
| Belgium | 48.7 | 69.7 | 84.9 | 56.1 | 4.8% |
| France | 24.6 | 17.2 | 17.6 | 12.6 | -20.0% |
| Netherlands | 14.2 | 15.9 | 13.7 | 10.0 | -11.0% |
| Italy | 2.9 | 2.5 | 5.3 | 2.6 | -3.6% |
| Germany | 2.9 | 3.8 | 5.3 | 1.8 | -14.7% |
| Others | 9.1 | 7.8 | 13.1 | 7.5 | -6.2% |
| Total | 167 | 187 | 217 | 147 | -4.2% |
Top Suppliers of Spices; Saffron to Luxembourg in 2022:
- Spain (317.0 kg)
- Belgium (258.0 kg)
- Netherlands (119.0 kg)
- France (61.0 kg)
- Italy (47.0 kg)
- Germany (28.0 kg)
Spices; Saffron Exports in Luxembourg
Spices; saffron exports from Luxembourg shrank slightly to 81 kg in 2022, approximately reflecting the previous year's figure. Overall, exports faced a drastic downturn.
In value terms, spices; saffron exports surged to $23K in 2022. In general, exports, however, saw a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Spices; Saffron in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 3.5 | 6.3 | 8.5 | 9.5 | 39.5% |
| Germany | 3.4 | 3.9 | 5.7 | 7.3 | 29.0% |
| France | 3.0 | 4.6 | 3.2 | 6.1 | 26.7% |
| Niger | 0.7 | 1.2 | N/A | N/A | 71.4% |
| Oman | 11.4 | N/A | N/A | N/A | 0% |
| Others | 0.9 | 0.4 | 0.1 | N/A | -66.7% |
| Total | 22.8 | 16.5 | 17.5 | 22.9 | 0.1% |
Top Export Markets for Spices; Saffron from Luxembourg in 2022:
- Germany (36.0 kg)
- Belgium (23.0 kg)
- France (22.0 kg)
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