Price for Spices; Vanilla, Crushed or Ground in Costa Rica - 2022
Contents:
- Price for Spices; Vanilla, Crushed or Ground in Costa Rica (CIF) - 2022
- Price for Spices; Vanilla, Crushed or Ground in Costa Rica (FOB) - 2022
- Imports of Spices; Vanilla, Crushed or Ground in Costa Rica
- Exports of Spices; Vanilla, Crushed or Ground in Costa Rica
Price for Spices; Vanilla, Crushed or Ground in Costa Rica (CIF) - 2022
The average import price for spices; vanilla, crushed or ground stood at $17,110 per ton in 2022, jumping by 41% against the previous year. Over the period under review, the import price continues to indicate a prominent increase. The growth pace was the most rapid in 2019 when the average import price increased by 189%. As a result, import price attained the peak level of $17,220 per ton. From 2020 to 2022, the average import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for Guatemala amounted to +24.8% per year.
Price for Spices; Vanilla, Crushed or Ground in Costa Rica (FOB) - 2022
The average export price for spices; vanilla, crushed or ground stood at $13,207 per ton in 2022, remaining constant against the previous year. Overall, the export price, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 an increase of 471%. As a result, the export price attained the peak level of $177,143 per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Nicaragua.
From 2012 to 2022, the rate of growth in terms of prices for Slovenia amounted to +19.3% per year.
Imports of Spices; Vanilla, Crushed or Ground in Costa Rica
In 2022, overseas purchases of spices; vanilla, crushed or ground decreased by -24.3% to 3.1 tons for the first time since 2018, thus ending a three-year rising trend. Overall, total imports indicated a noticeable expansion from 2019 to 2022: its volume increased at an average annual rate of +4.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 23% against the previous year. As a result, imports attained the peak of 4.1 tons, and then contracted markedly in the following year.
In value terms, spices; vanilla, crushed or ground imports rose notably to $53K in 2022. The total import value increased at an average annual rate of +4.3% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 20% against the previous year. As a result, imports attained the peak of $56K. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Spices; Vanilla, Crushed or Ground in Costa Rica (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 10.5 | 15.7 | 50.0 | 53.2 | 71.8% |
| Guatemala | 8.1 | 40.7 | N/A | N/A | 402.5% |
| Others | 28.4 | N/A | N/A | N/A | 0% |
| Total | 47.0 | 56.4 | 50.0 | 53.2 | 4.2% |
Top Suppliers of Spices; Vanilla, Crushed or Ground to Costa Rica in 2022:
- United States (3.1 tons)
Exports of Spices; Vanilla, Crushed or Ground in Costa Rica
In 2022, the amount of spices; vanilla, crushed or ground exported from Costa Rica fell rapidly to 280 kg, which is down by -49.3% against 2021 figures. Over the period under review, exports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 4,500% against the previous year. As a result, the exports reached the peak of 552 kg, and then contracted notably in the following year.
In value terms, spices; vanilla, crushed or ground exports plummeted to $3.7K in 2022. Overall, exports, however, recorded significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 3,498%. As a result, the exports attained the peak of $7.2K, and then contracted rapidly in the following year.
| Export of Spices; Vanilla, Crushed or Ground in Costa Rica (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nicaragua | 0.5 | 0.2 | 7.2 | 3.5 | 91.3% |
| Others | 0.1 | N/A | N/A | 0.2 | 26.0% |
| Total | 0.6 | 0.2 | 7.2 | 3.7 | 83.4% |
Top Export Markets for Spices; Vanilla, Crushed or Ground from Costa Rica in 2022:
- Nicaragua (278.0 kg)
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This report provides an in-depth analysis of the vanilla market in Costa Rica.
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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 Costa Rica.
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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
