Cereals; Rye, Seed Price in Luxembourg - 2023

Contents:

  1. Cereals; Rye, Seed Price in Luxembourg (CIF) - 2022
  2. Cereals; Rye, Seed Price in Luxembourg (FOB) - 2022
  3. Cereals; Rye, Seed Imports in Luxembourg
  4. Cereals; Rye, Seed Exports in Luxembourg

Cereals; Rye, Seed Price in Luxembourg (CIF) - 2022

The average cereals; rye, seed import price stood at $465 per ton in 2022, with a decrease of -21.3% against the previous year. In general, the import price, however, saw notable growth. The most prominent rate of growth was recorded in 2013 an increase of 111%. Over the period under review, average import prices attained the maximum at $922 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Germany.

From 2012 to 2022, the rate of growth in terms of prices for Germany amounted to +3.5% per year.

Cereals; Rye, Seed Price in Luxembourg (FOB) - 2022

The average cereals; rye, seed export price stood at $823 per ton in 2022, growing by 36% against the previous year. Overall, the export price showed a remarkable increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by 72% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was France ($985 per ton), while the average price for exports to Belgium ($675 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 Germany (+11.3%), while the prices for the other major destinations experienced mixed trend patterns.

Cereals; Rye, Seed Imports in Luxembourg

For the fourth consecutive year, Luxembourg recorded growth in overseas purchases of cereals; rye, seeds, which increased by 44% to 502 tons in 2022. Over the period under review, imports enjoyed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, cereals; rye, seed imports rose rapidly to $233K in 2022. The total import value increased at an average annual rate of +5.6% 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 2020 with an increase of 33%. As a result, imports attained the peak of $263K. From 2021 to 2022, the growth of imports remained at a lower figure.

Import of Cereals; Rye, Seed in Luxembourg (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany1882531972276.5%
Others10.310.28.85.6-18.4%
Total1982632052335.6%

Top Suppliers of Cereals; Rye, Seed to Luxembourg in 2022:

  1. Germany (496.4 tons)

Cereals; Rye, Seed Exports in Luxembourg

After two years of decline, overseas shipments of cereals; rye, seeds increased by 145% to 570 tons in 2022. Overall, exports, however, continue to indicate a abrupt curtailment.

In value terms, cereals; rye, seed exports skyrocketed to $469K in 2022. Over the period under review, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Cereals; Rye, Seed in Luxembourg (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany16190.485.931024.4%
Belgium56.273.345.114637.5%
France17.1N/A9.613.5-7.6%
NetherlandsN/A21.1N/AN/A0%
Others18.2N/AN/AN/A0%
Total25218514146923.0%

Top Export Markets for Cereals; Rye, Seed from Luxembourg in 2022:

  1. Germany (339.9 tons)
  2. Belgium (216.4 tons)
  3. France (13.8 tons)

Source: IndexBox Market Intelligence Platform

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