Milled Rice Price in Luxembourg - 2023
Contents:
- Milled Rice Price in Luxembourg (CIF) - 2023
- Milled Rice Price in Luxembourg (FOB) - 2022
- Milled Rice Imports in Luxembourg
- Milled Rice Exports in Luxembourg
Milled Rice Price in Luxembourg (CIF) - 2023
The average milled rice import price stood at $2,128 per ton in May 2023, dropping by -16% against the previous month. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in April 2023 an increase of 14% against the previous month. As a result, import price attained the peak level of $2,533 per ton, and then fell notably in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($4,883 per ton), while the price for Portugal ($1,452 per ton) was amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by Portugal (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Milled Rice Price in Luxembourg (FOB) - 2022
The average milled rice export price stood at $3,438 per ton in 2022, reducing by -3.1% against the previous year. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average export price increased by 17%. The export price peaked at $3,902 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Azerbaijan ($5,972 per ton), while the average price for exports to Belgium ($2,788 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 (+0.6%), while the prices for the other major destinations experienced a decline.
Milled Rice Imports in Luxembourg
In 2022, supplies from abroad of semi-milled or wholly milled (bleached) rice decreased by -5.3% to 2.6K tons, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of +2.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 13% against the previous year. As a result, imports reached the peak of 2.8K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, milled rice imports fell to $5.6M in 2022. The total import value increased at an average annual rate of +3.8% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 21%.
| Import of Milled Rice in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 2,315 | 3,186 | 3,402 | 2,547 | 3.2% |
| Italy | 384 | 439 | 426 | 530 | 11.3% |
| Pakistan | 69.8 | 7.4 | 292 | 476 | 89.6% |
| France | 574 | 568 | 547 | 476 | -6.0% |
| Portugal | 267 | 382 | 230 | 333 | 7.6% |
| India | 507 | 549 | 436 | 286 | -17.4% |
| Thailand | 202 | 195 | 261 | 275 | 10.8% |
| Germany | 194 | 222 | 234 | 226 | 5.2% |
| Netherlands | 170 | 193 | 177 | 194 | 4.5% |
| Others | 339 | 316 | 301 | 277 | -6.5% |
| Total | 5,022 | 6,059 | 6,307 | 5,620 | 3.8% |
Top Suppliers of Milled Rice to Luxembourg in 2022:
- Belgium (1144.8 tons)
- Portugal (317.2 tons)
- Pakistan (242.8 tons)
- Italy (195.8 tons)
- France (187.8 tons)
- Thailand (161.9 tons)
- India (110.4 tons)
- Netherlands (88.5 tons)
- Germany (49.5 tons)
Milled Rice Exports in Luxembourg
In 2022, approx. 64 tons of semi-milled or wholly milled (bleached) rice were exported from Luxembourg; picking up by 29% compared with the year before. The total export volume increased at an average annual rate of +8.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, milled rice exports surged to $219K in 2022. The total export value increased at an average annual rate of +4.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Milled Rice in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 97.7 | 72.8 | 74.7 | 99.3 | 0.5% |
| Belgium | 69.5 | 61.1 | 77.4 | 81.6 | 5.5% |
| Germany | 15.4 | 13.4 | 14.8 | 25.3 | 18.0% |
| Azerbaijan | 8.5 | 7.6 | 7.8 | 12.1 | 12.5% |
| Others | 1.1 | 0.4 | 0.2 | 0.3 | -35.2% |
| Total | 192 | 155 | 175 | 219 | 4.5% |
Top Export Markets for Milled Rice from Luxembourg in 2022:
- Belgium (29.3 tons)
- France (26.4 tons)
- Germany (5.8 tons)
- Azerbaijan (2.0 tons)
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