Price for Spices; Mace, Neither Crushed Nor Ground in Luxembourg - 2023

Contents:

1. Price for Spices; Mace, Neither Crushed Nor Ground in Luxembourg (CIF) - 2022
2. Price for Spices; Mace, Neither Crushed Nor Ground in Luxembourg (FOB) - 2022
3. Imports of Spices; Mace, Neither Crushed Nor Ground in Luxembourg
4. Exports of Spices; Mace, Neither Crushed Nor Ground in Luxembourg

Price for Spices; Mace, Neither Crushed Nor Ground in Luxembourg (CIF) - 2022

In 2022, the average import price for spices; mace, neither crushed nor ground amounted to $34,333 per ton, waning by -21.1% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average import price increased by 53%. The import price peaked at $47,467 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($41,000 per ton), while the price for Germany ($29,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.5%), while the prices for the other major suppliers experienced a decline.

Price for Spices; Mace, Neither Crushed Nor Ground in Luxembourg (FOB) - 2022

In 2020, the average export price for spices; mace, neither crushed nor ground amounted to $49,500 per ton, surging by 23% against the previous year. Overall, the export price enjoyed a strong increase. The most prominent rate of growth was recorded in 2019 when the average export price increased by 64% against the previous year. Over the period under review, the average export prices hit record highs in 2020 and is likely to see gradual growth in the immediate term.

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

From 2012 to 2020, the rate of growth in terms of prices for Germany amounted to +11.6% per year.

Imports of Spices; Mace, Neither Crushed Nor Ground in Luxembourg

After three years of growth, overseas purchases of spices; mace, neither crushed nor ground decreased by -40% to 9 kg in 2022. Over the period under review, imports continue to indicate a abrupt slump. The growth pace was the most rapid in 2021 with an increase of 15% against the previous year. As a result, imports reached the peak of 15 kg, and then contracted dramatically in the following year.

In value terms, imports of spices; mace, neither crushed nor ground fell notably to $309 in 2022. Overall, imports continue to indicate a deep reduction. The growth pace was the most rapid in 2021 when imports increased by 14%. As a result, imports attained the peak of $653, and then dropped dramatically in the following year.

Top Suppliers of Spices; Mace, Neither Crushed Nor Ground to Luxembourg in 2022:

1. Germany (4.0 kg)
2. France (3.0 kg)
3. Netherlands (2.0 kg)

Exports of Spices; Mace, Neither Crushed Nor Ground in Luxembourg

In 2020, the amount of spices; mace, neither crushed nor ground exported from Luxembourg dropped dramatically to 2 kg, which is down by -50% against the previous year's figure. In general, exports showed a significant decline.

In value terms, exports of spices; mace, neither crushed nor ground plummeted to $99 in 2020. Overall, exports showed a precipitous slump.

Top Export Markets for Spices; Mace, Neither Crushed Nor Ground from Luxembourg in 2022:

1. Germany (2.0 kg)

Source: IndexBox Market Intelligence Platform