Price for Spices; Vanilla, Crushed or Ground in Estonia - 2023
Contents:
- Price for Spices; Vanilla, Crushed or Ground in Estonia (CIF) - 2022
- Price for Spices; Vanilla, Crushed or Ground in Estonia (FOB) - 2022
- Imports of Spices; Vanilla, Crushed or Ground in Estonia
- Exports of Spices; Vanilla, Crushed or Ground in Estonia
Price for Spices; Vanilla, Crushed or Ground in Estonia (CIF) - 2022
In 2022, the average import price for spices; vanilla, crushed or ground amounted to $68,192 per ton, with a decrease of -32.6% against the previous year. Overall, the import price, however, recorded prominent growth. The pace of growth appeared the most rapid in 2016 when the average import price increased by 351% against the previous year. The import price peaked at $463,635 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Madagascar ($229,860 per ton), while the price for Latvia ($9,715 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+245.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Vanilla, Crushed or Ground in Estonia (FOB) - 2022
The average export price for spices; vanilla, crushed or ground stood at $501,800 per ton in 2022, with an increase of 111% against the previous year. Over the period under review, the export price enjoyed a remarkable increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
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 Kazakhstan ($821,250 per ton), while the average price for exports to Finland ($100,000 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 Russia (+11.2%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Spices; Vanilla, Crushed or Ground in Estonia
For the fourth year in a row, Estonia recorded growth in overseas purchases of spices; vanilla, crushed or ground, which increased by 103% to 1.5 tons in 2022. Overall, imports saw a significant increase. 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 skyrocketed to $102K in 2022. In general, imports, however, showed a deep setback. The most prominent rate of growth was recorded in 2020 when imports increased by 56% against the previous year. As a result, imports attained the peak of $188K. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Spices; Vanilla, Crushed or Ground in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Madagascar | 112 | 169 | 53.2 | 74.0 | -12.9% |
| Finland | N/A | N/A | N/A | 7.7 | 0% |
| Latvia | N/A | N/A | 4.7 | 7.0 | 48.9% |
| Germany | 2.5 | 11.1 | 8.3 | 5.7 | 31.6% |
| Sri Lanka | N/A | N/A | 3.7 | 4.0 | 8.1% |
| Others | 6.1 | 7.8 | 5.0 | 4.0 | -13.1% |
| Total | 121 | 188 | 74.9 | 102 | -5.5% |
Top Suppliers of Spices; Vanilla, Crushed or Ground to Estonia in 2022:
- Latvia (719.0 kg)
- Madagascar (322.0 kg)
- Finland (281.0 kg)
- Sri Lanka (86.0 kg)
- Germany (75.0 kg)
Exports of Spices; Vanilla, Crushed or Ground in Estonia
Spices; vanilla, crushed or ground exports from Estonia contracted markedly to 15 kg in 2022, reducing by -21.1% on the year before. Over the period under review, exports continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2021 when exports increased by 19% against the previous year.
In value terms, spices; vanilla, crushed or ground exports surged to $7.5K in 2022. Overall, exports, however, saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Spices; Vanilla, Crushed or Ground in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Latvia | 3.9 | 3.8 | 4.5 | 4.0 | 0.8% |
| Kazakhstan | N/A | N/A | N/A | 3.3 | 0% |
| Finland | 0.2 | N/A | N/A | 0.2 | 0.0% |
| Lithuania | 0.2 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 4.3 | 3.8 | 4.5 | 7.5 | 20.4% |
Top Export Markets for Spices; Vanilla, Crushed or Ground from Estonia in 2022:
- Latvia (9.0 kg)
- Kazakhstan (4.0 kg)
- Finland (2.0 kg)
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This report provides an in-depth analysis of the vanilla market in Estonia.
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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 Estonia.
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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
5017
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
