Price for Spices; Vanilla, Crushed or Ground in Germany - 2023
Contents:
- Price for Spices; Vanilla, Crushed or Ground in Germany (CIF) - 2023
- Price for Spices; Vanilla, Crushed or Ground in Germany (FOB) - 2023
- Imports of Spices; Vanilla, Crushed or Ground in Germany
- Exports of Spices; Vanilla, Crushed or Ground in Germany
Price for Spices; Vanilla, Crushed or Ground in Germany (CIF) - 2023
The average import price for spices; vanilla, crushed or ground stood at $71,459 per ton in June 2023, falling by -10.4% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 an increase of 244% against the previous month. As a result, import price attained the peak level of $144K per ton. From January 2023 to June 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was South Africa ($159K per ton), while the price for Russia ($22,817 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 the Czech Republic (+15.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Vanilla, Crushed or Ground in Germany (FOB) - 2023
The average export price for spices; vanilla, crushed or ground stood at $94,042 per ton in June 2023, shrinking by -17.9% against the previous month. Overall, the export price saw a pronounced decline. The growth pace was the most rapid in November 2022 when the average export price increased by 66% m-o-m. The export price peaked at $160K per ton in December 2022; however, from January 2023 to June 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Switzerland ($387K per ton), while the average price for exports to the United States ($48,295 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+18.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Vanilla, Crushed or Ground in Germany
After three years of growth, overseas purchases of spices; vanilla, crushed or ground decreased by -49.8% to 167 tons in 2022. Over the period under review, imports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 25% against the previous year.
In value terms, spices; vanilla, crushed or ground imports reduced markedly to $13M in 2022. In general, imports showed a abrupt downturn. The pace of growth was the most pronounced in 2020 when imports increased by 10% against the previous year. As a result, imports reached the peak of $27M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Spices; Vanilla, Crushed or Ground in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Madagascar | 11.8 | 13.4 | 17.4 | 6.6 | -17.6% |
| France | 6.3 | 6.4 | 4.4 | 3.3 | -19.4% |
| Indonesia | 0.7 | N/A | N/A | 0.7 | 0.0% |
| Austria | 1.1 | 0.8 | 0.8 | 0.7 | -14.0% |
| Netherlands | 0.2 | 0.2 | 0.3 | 0.5 | 35.7% |
| United States | 0.4 | 0.5 | 0.5 | 0.2 | -20.6% |
| Australia | 0.1 | 0.2 | 0.2 | 0.1 | 0.0% |
| Czech Republic | 2.3 | 3.9 | 1.6 | 0.1 | -64.8% |
| Others | 1.4 | 1.4 | 1.5 | 1.3 | -2.4% |
| Total | 24.2 | 26.8 | 26.6 | 13.4 | -17.9% |
Top Suppliers of Spices; Vanilla, Crushed or Ground to Germany in 2022:
- Madagascar (68.4 tons)
- France (46.2 tons)
- Netherlands (11.5 tons)
- Australia (8.7 tons)
- Indonesia (5.2 tons)
- United States (5.1 tons)
- Austria (5.0 tons)
- Czech Republic (0.9 tons)
Exports of Spices; Vanilla, Crushed or Ground in Germany
In 2022, overseas shipments of spices; vanilla, crushed or ground decreased by -20.1% to 101 tons, falling for the second consecutive year after two years of growth. In general, exports continue to indicate a noticeable setback. The pace of growth appeared the most rapid in 2020 with an increase of 51% against the previous year. As a result, the exports attained the peak of 165 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, spices; vanilla, crushed or ground exports fell rapidly to $12M in 2022. Overall, exports recorded a abrupt decrease. The growth pace was the most rapid in 2020 with an increase of 11%. As a result, the exports attained the peak of $23M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Spices; Vanilla, Crushed or Ground in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 5.7 | 4.3 | 3.7 | 3.0 | -19.3% |
| Canada | 0.9 | 0.5 | 1.4 | 1.3 | 13.0% |
| Italy | 1.5 | 1.3 | 1.0 | 1.1 | -9.8% |
| Austria | 3.4 | 2.8 | 1.6 | 1.1 | -31.4% |
| France | 1.7 | 2.1 | 2.2 | 0.9 | -19.1% |
| Denmark | 0.3 | 0.5 | 0.5 | 0.7 | 32.6% |
| United States | 0.3 | 1.3 | 0.4 | 0.6 | 26.0% |
| Netherlands | 1.2 | 1.8 | 1.7 | 0.5 | -25.3% |
| Poland | 1.5 | 1.5 | 1.0 | 0.5 | -30.7% |
| Finland | 0.3 | 0.4 | 0.3 | 0.3 | 0.0% |
| United Kingdom | 0.2 | 0.7 | 0.9 | 0.3 | 14.5% |
| Belgium | 0.6 | 0.4 | 0.4 | 0.3 | -20.6% |
| Hungary | 0.3 | 0.6 | 0.4 | 0.2 | -12.6% |
| Others | 2.7 | 4.5 | 2.3 | 1.2 | -23.7% |
| Total | 20.4 | 22.7 | 17.7 | 12.0 | -16.2% |
Top Export Markets for Spices; Vanilla, Crushed or Ground from Germany in 2022:
- United States (23.5 tons)
- France (16.1 tons)
- Switzerland (10.5 tons)
- Canada (7.3 tons)
- United Kingdom (6.0 tons)
- Poland (5.9 tons)
- Italy (5.2 tons)
- Denmark (5.2 tons)
- Austria (4.0 tons)
- Netherlands (2.6 tons)
- Hungary (2.4 tons)
- Finland (2.0 tons)
- Belgium (1.7 tons)
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This report provides an in-depth analysis of the vanilla market in Germany.
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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 Germany.
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This report provides an in-depth analysis of the global vanilla market.
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In April 2023, the Vanilla price reached $219K per ton (CIF, Germany), increasing by 12% compared to the previous month.
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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
