Price for Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Luxembourg - 2023
Contents:
- Price for Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Luxembourg (CIF) - 2023
- Price for Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Luxembourg (FOB) - 2022
- Imports of Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Luxembourg
- Exports of Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Luxembourg
Price for Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Luxembourg (CIF) - 2023
In August 2023, the average import price for vegetables; potatoes (other than seed), fresh or chilleds amounted to $1,114 per ton, reducing by -3.4% against the previous month. In general, import price indicated a slight expansion from August 2022 to August 2023: its price increased at an average monthly rate of +1.4% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, import price for vegetables; potatoes (other than seed), fresh or chilleds decreased by -20.6% against April 2023 indices. The growth pace was the most rapid in December 2022 an increase of 22% against the previous month. Over the period under review, average import prices hit record highs at $1,403 per ton in April 2023; however, from May 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 ($2,535 per ton), while the price for Portugal ($1,004 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 Germany (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Luxembourg (FOB) - 2022
The average export price for vegetables; potatoes (other than seed), fresh or chilleds stood at $592 per ton in 2022, reducing by -11.7% against the previous year. Over the period under review, the export price continues to indicate a pronounced reduction. The growth pace was the most rapid in 2016 when the average export price increased by 67%. The export price peaked at $1,164 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($1,458 per ton), while the average price for exports to the Netherlands ($226 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 (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Luxembourg
In 2022, purchases abroad of vegetables; potatoes (other than seed), fresh or chilleds increased by 4.6% to 10K tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, recorded a perceptible shrinkage.
In value terms, imports of vegetables; potatoes (other than seed), fresh or chilleds reached $10M in 2022. Overall, imports, however, showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 3.1% against the previous year.
| Import of Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Luxembourg (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 4.1 | 5.6 | 5.2 | 5.2 | 8.2% |
| France | 2.4 | 2.5 | 3.2 | 3.0 | 7.7% |
| Netherlands | 0.9 | 0.5 | 0.5 | 0.9 | 0.0% |
| Germany | 0.8 | 0.8 | 0.7 | 0.7 | -4.4% |
| Portugal | 0.3 | 0.2 | 0.2 | 0.2 | -12.6% |
| Spain | 1.5 | 0.1 | 0.1 | 0.1 | -59.5% |
| Others | 1.2 | N/A | N/A | N/A | 0% |
| Total | 11.1 | 9.6 | 9.9 | 10.1 | -3.1% |
Top Suppliers of Vegetables; Potatoes (Other than Seed), Fresh or Chilled to Luxembourg in 2022:
- Belgium (5.9K tons)
- France (3.1K tons)
- Germany (0.7K tons)
- Netherlands (0.4K tons)
- Portugal (0.2K tons)
Exports of Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Luxembourg
Exports of vegetables; potatoes (other than seed), fresh or chilleds from Luxembourg surged to 2.7K tons in 2022, jumping by 27% compared with the previous year's figure. Overall, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 146% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see steady growth in the near future.
In value terms, exports of vegetables; potatoes (other than seed), fresh or chilleds stood at $1.6M in 2022. In general, total exports indicated noticeable growth from 2019 to 2022: its value increased at an average annual rate of +3.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +64.4% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 47%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 445 | 388 | 481 | 493 | 3.5% |
| France | 476 | 299 | 410 | 441 | -2.5% |
| Netherlands | 282 | 127 | 388 | 398 | 12.2% |
| Germany | 183 | 104 | 133 | 158 | -4.8% |
| Others | 44.5 | 46.1 | 9.2 | 96.2 | 29.3% |
| Total | 1,431 | 965 | 1,421 | 1,586 | 3.5% |
Top Export Markets for Vegetables; Potatoes (Other than Seed), Fresh or Chilled from Luxembourg in 2022:
- Netherlands (1759.2 tons)
- France (431.2 tons)
- Belgium (343.4 tons)
- Germany (108.5 tons)
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