Price for Spices; Vanilla, Crushed or Ground in Denmark - 2023
Contents:
- Price for Spices; Vanilla, Crushed or Ground in Denmark (CIF) - 2022
- Price for Spices; Vanilla, Crushed or Ground in Denmark (FOB) - 2022
- Imports of Spices; Vanilla, Crushed or Ground in Denmark
- Exports of Spices; Vanilla, Crushed or Ground in Denmark
Price for Spices; Vanilla, Crushed or Ground in Denmark (CIF) - 2022
The average import price for spices; vanilla, crushed or ground stood at $30,198 per ton in 2022, dropping by -7.5% against the previous year. In general, the import price, however, recorded a mild expansion. The growth pace was the most rapid in 2016 when the average import price increased by 76% against the previous year. The import price peaked at $114,813 per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($251,556 per ton), while the price for Sweden ($5,804 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+18.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Vanilla, Crushed or Ground in Denmark (FOB) - 2022
The average export price for spices; vanilla, crushed or ground stood at $52,800 per ton in 2022, increasing by 5.7% against the previous year. Overall, the export price saw a prominent expansion. The pace of growth was the most pronounced in 2014 when the average export price increased by 89%. The export price peaked at $75,816 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Finland ($171,401 per ton), while the average price for exports to Greenland ($8,566 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 Italy (+101.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Vanilla, Crushed or Ground in Denmark
After three years of growth, purchases abroad of spices; vanilla, crushed or ground decreased by -13.3% to 91 tons in 2022. In general, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 66% against the previous year.
In value terms, spices; vanilla, crushed or ground imports fell notably to $2.8M in 2022. The total import value increased at an average annual rate of +6.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 34% against the previous year.
| Import of Spices; Vanilla, Crushed or Ground in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Madagascar | 273 | 390 | 529 | 730 | 38.8% |
| Germany | 236 | 242 | 408 | 691 | 43.1% |
| Sweden | 119 | 328 | 476 | 422 | 52.5% |
| Netherlands | 18.2 | 50.9 | 579 | 382 | 175.8% |
| France | 1,218 | 1,146 | 1,214 | 341 | -34.6% |
| United Kingdom | 355 | 786 | 1.9 | N/A | -92.7% |
| Others | 68.9 | 126 | 234 | 194 | 41.2% |
| Total | 2,288 | 3,069 | 3,443 | 2,760 | 6.5% |
Top Suppliers of Spices; Vanilla, Crushed or Ground to Denmark in 2022:
- Sweden (72.7 tons)
- Germany (7.6 tons)
- France (4.8 tons)
- Madagascar (3.2 tons)
- Netherlands (1.5 tons)
Exports of Spices; Vanilla, Crushed or Ground in Denmark
In 2022, shipments abroad of spices; vanilla, crushed or ground decreased by -52.4% to 8.1 tons, falling for the second year in a row after two years of growth. In general, exports faced a dramatic decrease. The pace of growth was the most pronounced in 2020 with an increase of 40%. As a result, the exports reached the peak of 24 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, spices; vanilla, crushed or ground exports fell sharply to $427K in 2022. Overall, exports continue to indicate a sharp setback. The pace of growth appeared the most rapid in 2020 when exports increased by 7.5%. As a result, the exports reached the peak of $949K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Spices; Vanilla, Crushed or Ground in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Finland | 161 | 255 | 231 | 146 | -3.2% |
| Norway | 81.8 | 256 | 199 | 107 | 9.4% |
| Sweden | 339 | 244 | 292 | 82.8 | -37.5% |
| Germany | 15.3 | 53.2 | 53.9 | 33.4 | 29.7% |
| Greenland | 16.8 | 22.9 | 27.4 | 12.9 | -8.4% |
| Faroe Islands | 15.9 | 27.9 | 17.3 | 10.6 | -12.6% |
| Iceland | 12.5 | 13.6 | 8.4 | 8.3 | -12.8% |
| Belgium | 30.3 | 10.3 | N/A | N/A | -66.0% |
| Slovenia | 17.7 | N/A | N/A | N/A | 0% |
| Italy | 33.7 | 35.8 | 19.3 | N/A | -24.3% |
| Others | 160 | 30.3 | 1.8 | 26.3 | -45.2% |
| Total | 883 | 949 | 849 | 427 | -21.5% |
Top Export Markets for Spices; Vanilla, Crushed or Ground from Denmark in 2022:
- Norway (2.7 tons)
- Greenland (1.5 tons)
- Faroe Islands (1.2 tons)
- Finland (0.9 tons)
- Germany (0.7 tons)
- Sweden (0.6 tons)
- Iceland (0.3 tons)
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This report provides an in-depth analysis of the vanilla market in Denmark.
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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 Denmark.
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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
