Price for Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Luxembourg - 2023
Contents:
- Price for Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Luxembourg (CIF) - 2023
- Price for Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Luxembourg (FOB) - 2023
- Imports of Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Luxembourg
- Exports of Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Luxembourg
Price for Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Luxembourg (CIF) - 2023
The average import price for vegetables (uncooked or cooked by steaming or boiling in water); frozen stood at $1,979 per ton in August 2023, falling by -7% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 an increase of 37% m-o-m. The import price peaked at $2,379 per ton in May 2023; however, from June 2023 to August 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was the Netherlands ($3,348 per ton), while the price for Portugal ($1,314 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by France (+1.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Luxembourg (FOB) - 2023
In October 2023, the average export price for vegetables (uncooked or cooked by steaming or boiling in water); frozen amounted to $6,832 per ton, growing by 38% against the previous month. Over the period under review, the export price enjoyed a strong increase. The pace of growth was the most pronounced in May 2023 an increase of 91% month-to-month. As a result, the export price reached the peak level of $7,524 per ton. From June 2023 to October 2023, the the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Azerbaijan.
From October 2022 to October 2023, the rate of growth in terms of prices for Azerbaijan amounted to +6.3% per month.
Imports of Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Luxembourg
Imports of vegetables (uncooked or cooked by steaming or boiling in water); frozen into Luxembourg skyrocketed to 5.2K tons in 2022, jumping by 26% compared with 2021. The total import volume increased at an average annual rate of +8.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of vegetables (uncooked or cooked by steaming or boiling in water); frozen stood at $9.6M in 2022. The total import value increased at an average annual rate of +4.0% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 17%. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Luxembourg (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 4.4 | 5.0 | 5.6 | 4.5 | 0.8% |
| France | 1.5 | 1.6 | 1.9 | 2.0 | 10.1% |
| Germany | 1.1 | 0.9 | 0.9 | 1.9 | 20.0% |
| Netherlands | 0.4 | 0.2 | 0.7 | 0.7 | 20.5% |
| Portugal | 0.2 | 0.2 | 0.2 | 0.2 | 0.0% |
| Others | 1.0 | 0.1 | 0.2 | 0.2 | -41.5% |
| Total | 8.5 | 8.1 | 9.5 | 9.6 | 4.1% |
Top Suppliers of Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen to Luxembourg in 2022:
- Belgium (2241.9 tons)
- Germany (1581.1 tons)
- France (787.7 tons)
- Netherlands (417.2 tons)
- Portugal (90.3 tons)
Exports of Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Luxembourg
In 2022, after two years of decline, there was significant growth in shipments abroad of vegetables (uncooked or cooked by steaming or boiling in water); frozen, when their volume increased by 23% to 270 tons. Overall, exports, however, recorded a deep slump.
In value terms, exports of vegetables (uncooked or cooked by steaming or boiling in water); frozen surged to $1.1M in 2022. Over the period under review, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +8.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +69.3% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 463 | 325 | 415 | 460 | -0.2% |
| France | 259 | 222 | 224 | 312 | 6.4% |
| Germany | 60.4 | 55.7 | 63.4 | 173 | 42.0% |
| Netherlands | N/A | 0.3 | 0.3 | 73.6 | 1466.3% |
| Azerbaijan | 50.7 | 17.7 | 26.7 | 37.9 | -9.2% |
| Others | 2.8 | 4.1 | 7.5 | 0.5 | -43.7% |
| Total | 835 | 624 | 736 | 1,057 | 8.2% |
Top Export Markets for Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen from Luxembourg in 2022:
- Belgium (142.2 tons)
- France (76.8 tons)
- Germany (22.5 tons)
- Netherlands (17.7 tons)
- Azerbaijan (11.2 tons)
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