Price for Spices; Vanilla, Crushed or Ground in Greece - 2023
Contents:
- Price for Spices; Vanilla, Crushed or Ground in Greece (CIF) - 2022
- Price for Spices; Vanilla, Crushed or Ground in Greece (FOB) - 2022
- Imports of Spices; Vanilla, Crushed or Ground in Greece
- Exports of Spices; Vanilla, Crushed or Ground in Greece
Price for Spices; Vanilla, Crushed or Ground in Greece (CIF) - 2022
The average import price for spices; vanilla, crushed or ground stood at $70,008 per ton in 2022, growing by 56% against the previous year. In general, the import price recorded a buoyant increase. The pace of growth appeared the most rapid in 2018 when the average import price increased by 351%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($368,650 per ton), while the price for Belgium ($12,773 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+13.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Vanilla, Crushed or Ground in Greece (FOB) - 2022
The average export price for spices; vanilla, crushed or ground stood at $12,042 per ton in 2022, almost unchanged from the previous year. In general, the export price showed a mild descent. The most prominent rate of growth was recorded in 2014 when the average export price increased by 86%. As a result, the export price reached the peak level of $24,683 per ton. From 2015 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Albania ($30,222 per ton), while the average price for exports to Sweden ($2,977 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 Albania (+26.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Vanilla, Crushed or Ground in Greece
In 2022, the amount of spices; vanilla, crushed or ground imported into Greece rose rapidly to 2.3 tons, with an increase of 5.1% on the previous year's figure. Overall, imports saw a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of 132% against the previous year. As a result, imports reached the peak of 4.3 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, spices; vanilla, crushed or ground imports skyrocketed to $163K in 2022. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +8.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Spices; Vanilla, Crushed or Ground in Greece (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 0.9 | N/A | 55.2 | 67.8 | 322.3% |
| Madagascar | N/A | N/A | 13.7 | 52.4 | 282.5% |
| France | 37.0 | 24.6 | 14.3 | 10.4 | -34.5% |
| Tanzania | N/A | N/A | N/A | 9.2 | 0% |
| Uganda | N/A | N/A | N/A | 7.7 | 0% |
| United Kingdom | 69.2 | 56.7 | N/A | 7.4 | -52.5% |
| Belgium | 9.8 | 4.0 | 4.1 | 7.1 | -10.2% |
| Italy | 1.8 | 25.7 | N/A | 0.1 | -61.8% |
| Turkey | N/A | 0.2 | 0.2 | N/A | 0.0% |
| Others | 9.0 | 14.1 | 11.7 | 0.6 | -59.5% |
| Total | 128 | 125 | 99.2 | 163 | 8.4% |
Top Suppliers of Spices; Vanilla, Crushed or Ground to Greece in 2022:
- Netherlands (1190.0 kg)
- Belgium (555.0 kg)
- Madagascar (310.0 kg)
- France (85.0 kg)
- Tanzania (78.0 kg)
- Uganda (50.0 kg)
- United Kingdom (20.0 kg)
- Italy (10.0 kg)
Exports of Spices; Vanilla, Crushed or Ground in Greece
In 2022, overseas shipments of spices; vanilla, crushed or ground decreased by -45% to 143 kg, falling for the second year in a row after two years of growth. Over the period under review, exports continue to indicate a precipitous contraction. The growth pace was the most rapid in 2020 when exports increased by 7.8%. As a result, the exports reached the peak of 385 kg. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, spices; vanilla, crushed or ground exports shrank rapidly to $1.7K in 2022. Overall, exports faced a precipitous setback. The smallest decline of -10.4% was in 2020.
| Export of Spices; Vanilla, Crushed or Ground in Greece (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cyprus | 1,318 | 587 | 617 | 793 | -15.6% |
| Albania | 808 | 527 | 266 | 272 | -30.4% |
| Germany | 2,025 | 1,410 | 600 | 257 | -49.7% |
| Netherlands | 192 | 296 | 506 | 148 | -8.3% |
| Sweden | 77.0 | 63.0 | 224 | 128 | 18.5% |
| Bulgaria | 99.0 | 416 | 86.0 | 59.0 | -15.8% |
| United Kingdom | 223 | 517 | N/A | N/A | 131.8% |
| Others | 58.0 | 484 | 850 | 65.0 | 3.9% |
| Total | 4,800 | 4,300 | 3,149 | 1,722 | -28.9% |
Top Export Markets for Spices; Vanilla, Crushed or Ground from Greece in 2022:
- Sweden (43.0 kg)
- Germany (32.0 kg)
- Cyprus (32.0 kg)
- Bulgaria (17.0 kg)
- Albania (9.0 kg)
- Netherlands (6.0 kg)
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This report provides an in-depth analysis of the vanilla market in Greece.
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This report provides an in-depth analysis of the global vanilla market.
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This report provides an in-depth analysis of the vanilla market in Greece.
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This report provides an in-depth analysis of the global vanilla market.
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In 2016, the vanilla market dropped to X tons, caused by the reduction of global vanilla production due to harvest cuts in Madagascar and Indonesia. At the same time, demand for vanilla continues to grow against the backdrop of growing demand from
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Global vanilla consumption amounted to X thousand tons in 2015, stabilizing at the previous year level.
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In 2015, global consumption of vanilla amounted to X tons, standing approx. at the 2014 level. One year before there was a fall by X% caused by the reduction of vanilla production in Indonesia; from 2007 to 2013, va
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The value of total imports on the global vanilla market in 2015 stood at X million USD. There was an annual increase of +X% for the period from 2007 to 2015. In physical terms, imports of vanilla reached X tons i
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From 2007 to 2015, global exports of vanilla grew by +X% per year, amounting to X million USD in 2015. In physical terms, exports on the global vanilla market reached X tons in 2015, which was X tons (or X%) more than the year before.
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The global production of vanilla was estimated at X tons in 2015, an increase of X tons against the figure for 2013, and X tons (or X%) less than the peak production level recorded in 2011.
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From 2007 to 2015, global vanilla market consumption decreased by -X% annually. The highest annual rates of growth in terms of vanilla consumption between 2007 and 2015 were registered in India, with a +X% growth, due to the increased number of va
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Although widely considered a standard commodity, vanilla requires highly labor-intensive methods of cultivation that make it the second most expensive spice in the world, surpassed only by saffron.
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France dominates in the global vanilla trade. In 2014, France exported X thousand tons of vanilla totaling X million USD, X% over the previous year. Its primary trading partner was Germany, where it supplied X% of its total vanilla exports in val
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In 2016, the vanilla market dropped to X tons, caused by the reduction of global vanilla production due to harvest cuts in Madagascar and Indonesia. At the same time, demand for vanilla continues to grow against the backdrop of growing demand from
