Price for Spices; Vanilla, Crushed or Ground in Belgium - 2023
Contents:
- Price for Spices; Vanilla, Crushed or Ground in Belgium (CIF) - 2023
- Price for Spices; Vanilla, Crushed or Ground in Belgium (FOB) - 2022
- Imports of Spices; Vanilla, Crushed or Ground in Belgium
- Exports of Spices; Vanilla, Crushed or Ground in Belgium
Price for Spices; Vanilla, Crushed or Ground in Belgium (CIF) - 2023
The average import price for spices; vanilla, crushed or ground stood at $263K per ton in June 2023, picking up by 190% against the previous month. Over the period under review, the import price showed a strong increase. The pace of growth appeared the most rapid in October 2022 an increase of 365% month-to-month. The import price peaked in June 2023.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($107K per ton), while the price for Algeria ($7,188 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by France (+17.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Vanilla, Crushed or Ground in Belgium (FOB) - 2022
In 2022, the average export price for spices; vanilla, crushed or ground amounted to $11,549 per ton, shrinking by -67.8% against the previous year. Over the period under review, the export price, however, showed a measured increase. The most prominent rate of growth was recorded in 2017 an increase of 175%. The export price peaked at $60,024 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($156,620 per ton), while the average price for exports to Cameroon ($772 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 India (+135.8%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Spices; Vanilla, Crushed or Ground in Belgium
In 2022, overseas purchases of spices; vanilla, crushed or ground decreased by -26.1% to 32 tons, falling for the second year in a row after two years of growth. Overall, imports saw a perceptible curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by 276%. As a result, imports attained the peak of 135 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, spices; vanilla, crushed or ground imports shrank significantly to $1.9M in 2022. Over the period under review, imports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2020 when imports increased by 257% against the previous year. As a result, imports reached the peak of $4.4M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Spices; Vanilla, Crushed or Ground in Belgium (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 482 | 2,472 | 1,660 | 1,359 | 41.3% |
| Netherlands | 344 | 1,293 | 502 | 228 | -12.8% |
| Madagascar | 160 | 95.7 | 14.4 | 146 | -3.0% |
| Germany | 61.8 | 267 | 70.7 | 54.2 | -4.3% |
| Uganda | 0.1 | 0.2 | 45.1 | 38.6 | 628.1% |
| Hungary | 2.4 | 39.0 | 6.1 | 9.8 | 59.8% |
| Morocco | N/A | 102 | N/A | N/A | 0% |
| Others | 196 | 177 | 35.3 | 19.3 | -53.8% |
| Total | 1,246 | 4,445 | 2,333 | 1,854 | 14.2% |
Top Suppliers of Spices; Vanilla, Crushed or Ground to Belgium in 2022:
- Netherlands (13.4 tons)
- France (13.0 tons)
- Madagascar (3.0 tons)
- Uganda (0.7 tons)
- Hungary (0.7 tons)
- Germany (0.6 tons)
Exports of Spices; Vanilla, Crushed or Ground in Belgium
In 2022, shipments abroad of spices; vanilla, crushed or ground decreased by -88.4% to 3.4 tons, falling for the second consecutive year after two years of growth. In general, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2020 when exports increased by 6,968%. As a result, the exports attained the peak of 56 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, spices; vanilla, crushed or ground exports declined remarkably to $39K in 2022. Over the period under review, exports recorded a deep downturn. The growth pace was the most rapid in 2020 when exports increased by 6,375% against the previous year. As a result, the exports reached the peak of $3.1M. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Spices; Vanilla, Crushed or Ground in Belgium (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 0.8 | 1.0 | 126 | 12.9 | 152.6% |
| Netherlands | 28.3 | 2,036 | 592 | 12.4 | -24.0% |
| Luxembourg | 11.2 | 897 | 226 | 7.2 | -13.7% |
| Seychelles | 0.5 | 45.3 | 12.3 | 1.7 | 50.4% |
| Cameroon | N/A | N/A | N/A | 0.4 | 0% |
| Cote d'Ivoire | N/A | N/A | N/A | 0.2 | 0% |
| South Korea | N/A | 84.0 | N/A | N/A | 0% |
| Others | 6.7 | 6.9 | 83.5 | 4.3 | -13.7% |
| Total | 47.4 | 3,070 | 1,040 | 39.0 | -6.3% |
Top Export Markets for Spices; Vanilla, Crushed or Ground from Belgium in 2022:
- France (2154.0 kg)
- Cameroon (570.0 kg)
- Seychelles (243.0 kg)
- Cote d'Ivoire (150.0 kg)
- Luxembourg (147.0 kg)
- Netherlands (79.0 kg)
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This report provides an in-depth analysis of the vanilla market in Belgium.
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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 Belgium.
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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
