Price for Spices; Vanilla, Crushed or Ground in Guatemala - 2023
Contents:
- Price for Spices; Vanilla, Crushed or Ground in Guatemala (CIF) - 2022
- Imports of Spices; Vanilla, Crushed or Ground in Guatemala
Price for Spices; Vanilla, Crushed or Ground in Guatemala (CIF) - 2022
The average import price for spices; vanilla, crushed or ground stood at $8,147 per ton in 2022, declining by -34.3% against the previous year. In general, the import price, however, continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2021 an increase of 72% against the previous year. As a result, import price attained the peak level of $12,407 per ton, and then dropped dramatically in the following year.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($8,241 per ton), while the price for Spain stood at $5,615 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+7.5%).
Imports of Spices; Vanilla, Crushed or Ground in Guatemala
In 2022, approx. 1.1 tons of spices; vanilla, crushed or ground were imported into Guatemala; picking up by 46% against the previous year's figure. In general, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +6.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -18.4% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 47% against the previous year. As a result, imports reached the peak of 1.3 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, spices; vanilla, crushed or ground imports reduced modestly to $9K in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +12.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -8.1% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 53% against the previous year. As a result, imports reached the peak of $9.7K. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Spices; Vanilla, Crushed or Ground in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 6.3 | 9.3 | 9.4 | 8.7 | 11.4% |
| Spain | N/A | 0.4 | N/A | 0.2 | -29.3% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 6.3 | 9.7 | 9.4 | 9.0 | 12.6% |
Top Suppliers of Spices; Vanilla, Crushed or Ground to Guatemala in 2022:
- United States (1060.0 kg)
- Spain (39.0 kg)
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This report provides an in-depth analysis of the vanilla market in Guatemala.
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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 Guatemala.
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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
