Price for Vegetable Products Not Elsewhere Specified or Included in Luxembourg - 2024
Contents:
- Price for Vegetable Products Not Elsewhere Specified or Included in Luxembourg (CIF) - 2024
- Price for Vegetable Products Not Elsewhere Specified or Included in Luxembourg (FOB) - 2022
- Imports of Vegetable Products Not Elsewhere Specified or Included in Luxembourg
- Exports of Vegetable Products Not Elsewhere Specified or Included in Luxembourg
Price for Vegetable Products Not Elsewhere Specified or Included in Luxembourg (CIF) - 2024
In July 2023, the average import price for vegetable products not elsewhere specified or includeds amounted to $284 per ton, which is down by -39% against the previous month. In general, the import price continues to indicate a sharp descent. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 15% against the previous month. Over the period under review, average import prices hit record highs at $1,267 per ton in January 2023; however, from February 2023 to July 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($410 per ton), while the price for Belgium totaled $164 per ton.
From January 2023 to July 2023, the most notable rate of growth in terms of prices was attained by Germany (+0.6%).
Price for Vegetable Products Not Elsewhere Specified or Included in Luxembourg (FOB) - 2022
In 2022, the average export price for vegetable products not elsewhere specified or includeds amounted to $504 per ton, shrinking by -73% against the previous year. Overall, the export price continues to indicate a sharp decline. The growth pace was the most rapid in 2013 when the average export price increased by 47%. The export price peaked at $17,465 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($1,938 per ton), while the average price for exports to Germany ($873 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 France (-19.7%), while the prices for the other major destinations experienced a decline.
Imports of Vegetable Products Not Elsewhere Specified or Included in Luxembourg
In 2022, after two years of decline, there was significant growth in purchases abroad of vegetable products not elsewhere specified or includeds, when their volume increased by 45% to 1.5K tons. The total import volume increased at an average annual rate of +1.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of vegetable products not elsewhere specified or includeds skyrocketed to $1.5M in 2022. Overall, imports posted significant growth. The pace of growth was the most pronounced in 2020 with an increase of 122%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Vegetable Products Not Elsewhere Specified or Included in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 0.1 | N/A | 229 | 591 | 1708.0% |
| Germany | 247 | 300 | 344 | 371 | 14.5% |
| Belgium | 161 | 162 | 135 | 205 | 8.4% |
| Others | 20.3 | 487 | 205 | 337 | 155.1% |
| Total | 428 | 948 | 913 | 1,504 | 52.0% |
Top Suppliers of Vegetable Products Not Elsewhere Specified or Included to Luxembourg in 2022:
- Germany (741.9 tons)
- Belgium (639.2 tons)
- Switzerland (61.5 tons)
Exports of Vegetable Products Not Elsewhere Specified or Included in Luxembourg
In 2022, exports of vegetable products not elsewhere specified or includeds from Luxembourg soared to 15 tons, with an increase of 77% compared with the previous year. Overall, exports posted significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 2,948% against the previous year. As a result, the exports attained the peak of 159 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of vegetable products not elsewhere specified or includeds expanded notably to $18K in 2022. Over the period under review, exports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2020 when exports increased by 2,738%. As a result, the exports reached the peak of $306K. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Vegetable Products Not Elsewhere Specified or Included in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 4.3 | 301 | 9.7 | 9.1 | 28.4% |
| France | 2.1 | 4.7 | 6.0 | 5.0 | 33.5% |
| Belgium | 4.4 | 0.5 | 0.6 | 3.5 | -7.3% |
| Others | N/A | N/A | N/A | 0.1 | 0% |
| Total | 10.8 | 306 | 16.2 | 17.8 | 18.1% |
Top Export Markets for Vegetable Products Not Elsewhere Specified or Included from Luxembourg in 2022:
- Germany (10.4 tons)
- France (3.0 tons)
- Belgium (1.8 tons)
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