Price for Spices; Vanilla, Crushed or Ground in Bangladesh - 2022
Contents:
- Price for Spices; Vanilla, Crushed or Ground in Bangladesh (CIF) - 2022
- Price for Spices; Vanilla, Crushed or Ground in Bangladesh (FOB) - 2022
- Imports of Spices; Vanilla, Crushed or Ground in Bangladesh
- Exports of Spices; Vanilla, Crushed or Ground in Bangladesh
Price for Spices; Vanilla, Crushed or Ground in Bangladesh (CIF) - 2022
In 2022, the average import price for spices; vanilla, crushed or ground amounted to $5,307 per ton, which is down by -29.8% against the previous year. In general, the import price recorded a abrupt decline. The most prominent rate of growth was recorded in 2018 when the average import price increased by 159%. The import price peaked at $16,389 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Singapore.
From 2012 to 2022, the rate of growth in terms of prices for India amounted to +10.8% per year.
Price for Spices; Vanilla, Crushed or Ground in Bangladesh (FOB) - 2022
The average export price for spices; vanilla, crushed or ground stood at $17,000 per ton in 2022, picking up by 55% against the previous year. Overall, the export price recorded a significant expansion. The most prominent rate of growth was recorded in 2015 an increase of 181% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.
As there is only one major export destination, the average price level is determined by prices for Kuwait.
From 2012 to 2022, the rate of growth in terms of prices for Kuwait amounted to +20.1% per year.
Imports of Spices; Vanilla, Crushed or Ground in Bangladesh
In 2022, imports of spices; vanilla, crushed or ground into Bangladesh surged to 352 kg, picking up by 53% against 2021. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +5.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +73.4% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, spices; vanilla, crushed or ground imports rose notably to $1.9K in 2022. Overall, imports, however, showed a abrupt setback.
| Import of Spices; Vanilla, Crushed or Ground in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 0.1 | 2.0 | 1.7 | 1.9 | 166.8% |
| Thailand | 2.2 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 2.3 | 2.0 | 1.7 | 1.9 | -6.2% |
Top Suppliers of Spices; Vanilla, Crushed or Ground to Bangladesh in 2022:
- Singapore (352.0 kg)
Exports of Spices; Vanilla, Crushed or Ground in Bangladesh
In 2022, approx. 6 kg of spices; vanilla, crushed or ground were exported from Bangladesh; waning by -25% on the year before. Overall, exports continue to indicate a sharp decline.
In value terms, spices; vanilla, crushed or ground exports surged to $102 in 2022. In general, exports showed a abrupt slump.
| Export of Spices; Vanilla, Crushed or Ground in Bangladesh (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kuwait | 14.0 | 14.0 | 82.0 | 102 | 93.9% |
| United Kingdom | N/A | 49.0 | N/A | N/A | 0% |
| France | N/A | N/A | 6.0 | N/A | 0% |
| Saudi Arabia | 120 | 52.0 | N/A | N/A | -56.7% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 134 | 115 | 88.0 | 102 | -8.7% |
Top Export Markets for Spices; Vanilla, Crushed or Ground from Bangladesh in 2022:
- Kuwait (6.0 kg)
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This report provides an in-depth analysis of the vanilla market in Bangladesh.
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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 Bangladesh.
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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
