Price for Spices; Vanilla, Crushed or Ground in Hong Kong SAR - 2022
Contents:
- Price for Spices; Vanilla, Crushed or Ground in Hong Kong SAR (FOB) - 2022
- Price for Spices; Vanilla, Crushed or Ground in Hong Kong SAR (CIF) - 2022
- Exports of Spices; Vanilla, Crushed or Ground in Hong Kong SAR
- Imports of Spices; Vanilla, Crushed or Ground in Hong Kong SAR
Price for Spices; Vanilla, Crushed or Ground in Hong Kong SAR (FOB) - 2022
The average export price for spices; vanilla, crushed or ground stood at $70,750 per ton in 2021, waning by -64% against the previous year. In general, the export price, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 an increase of 92%. As a result, the export price reached the peak level of $196,353 per ton, and then shrank significantly in the following year.
As there is only one major export destination, the average price level is determined by prices for China.
From 2012 to 2021, the rate of growth in terms of prices for Uganda amounted to 0.0% per year.
Price for Spices; Vanilla, Crushed or Ground in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for spices; vanilla, crushed or ground amounted to $83,471 per ton, surging by 100% against the previous year. Overall, the import price posted a prominent increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for Indonesia.
From 2012 to 2022, the rate of growth in terms of prices for Singapore amounted to +11.5% per year.
Exports of Spices; Vanilla, Crushed or Ground in Hong Kong SAR
In 2021, the amount of spices; vanilla, crushed or ground exported from Hong Kong SAR soared to 56 kg, increasing by 65% on the previous year. In general, exports, however, faced a precipitous setback.
In value terms, spices; vanilla, crushed or ground exports declined dramatically to $4K in 2021. Overall, exports, however, saw a significant decline. The smallest decline of -28.9% was in 2020.
| Export of Spices; Vanilla, Crushed or Ground in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| China | N/A | N/A | 4.0 | 0% | |
| Indonesia | N/A | 6.7 | N/A | 0% | |
| Philippines | 8.9 | N/A | N/A | 0% | |
| Singapore | 0.5 | N/A | N/A | 0% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 9.4 | 6.7 | 4.0 | -34.8% | |
Top Export Markets for Spices; Vanilla, Crushed or Ground from Hong Kong SAR in 2022:
- China (56.0 kg)
Imports of Spices; Vanilla, Crushed or Ground in Hong Kong SAR
In 2022, supplies from abroad of spices; vanilla, crushed or ground decreased by -99.5% to 17 kg, falling for the second year in a row after two years of growth. Overall, imports continue to indicate a dramatic downturn. The pace of growth was the most pronounced in 2020 with an increase of 48%. As a result, imports attained the peak of 7.4 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, spices; vanilla, crushed or ground imports declined dramatically to $1.4K in 2022. In general, imports recorded a precipitous decrease. The growth pace was the most rapid in 2020 with an increase of 28% against the previous year. As a result, imports reached the peak of $181K. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Spices; Vanilla, Crushed or Ground in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 2.8 | 3.9 | 12.6 | 1.4 | -20.6% |
| South Korea | 2.5 | 6.3 | 3.1 | N/A | 11.4% |
| United Kingdom | 5.1 | 3.4 | 5.5 | N/A | 3.8% |
| France | 55.2 | 69.3 | 44.4 | N/A | -10.3% |
| Singapore | 1.0 | 3.3 | 3.6 | N/A | 89.7% |
| Australia | 5.3 | 10.1 | 1.4 | N/A | -48.6% |
| United States | 6.6 | 5.5 | 2.6 | N/A | -37.2% |
| Others | 62.9 | 79.4 | 68.2 | N/A | 4.1% |
| Total | 141 | 181 | 141 | 1.4 | -78.5% |
Top Suppliers of Spices; Vanilla, Crushed or Ground to Hong Kong SAR in 2022:
- Indonesia (17.0 kg)
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This report provides an in-depth analysis of the vanilla market in Hong Kong SAR, China.
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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 Hong Kong SAR, China.
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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
