Price for Spices; Vanilla, Crushed or Ground in Hungary - 2023
Contents:
- Price for Spices; Vanilla, Crushed or Ground in Hungary (FOB) - 2022
- Price for Spices; Vanilla, Crushed or Ground in Hungary (CIF) - 2022
- Exports of Spices; Vanilla, Crushed or Ground in Hungary
- Imports of Spices; Vanilla, Crushed or Ground in Hungary
Price for Spices; Vanilla, Crushed or Ground in Hungary (FOB) - 2022
The average export price for spices; vanilla, crushed or ground stood at $227,615 per ton in 2022, waning by -9.1% against the previous year. Over the period under review, the export price, however, recorded a slight increase. The pace of growth was the most pronounced in 2016 an increase of 518% against the previous year. The export price peaked at $507,365 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
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 the Czech Republic ($455,290 per ton), while the average price for exports to Saudi Arabia ($5,610 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 Romania (+28.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Spices; Vanilla, Crushed or Ground in Hungary (CIF) - 2022
In 2022, the average import price for spices; vanilla, crushed or ground amounted to $69,009 per ton, reducing by -20.2% against the previous year. In general, the import price, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2020 when the average import price increased by 166%. As a result, import price attained the peak level of $131,070 per ton. From 2021 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($480,591 per ton), while the price for France ($20,452 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+27.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Spices; Vanilla, Crushed or Ground in Hungary
In 2022, after three years of growth, there was significant decline in shipments abroad of spices; vanilla, crushed or ground, when their volume decreased by -26.5% to 2.6 tons. Over the period under review, exports, however, enjoyed significant growth. The growth pace was the most rapid in 2021 when exports increased by 416% against the previous year. As a result, the exports attained the peak of 3.6 tons, and then declined dramatically in the following year.
In value terms, spices; vanilla, crushed or ground exports fell markedly to $602K in 2022. Overall, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 313%. As a result, the exports attained the peak of $901K, and then declined remarkably in the following year.
| Export of Spices; Vanilla, Crushed or Ground in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Croatia | 14.1 | 18.9 | 720 | 458 | 219.1% |
| Slovakia | 49.7 | 68.8 | 54.2 | 78.7 | 16.6% |
| Finland | 4.4 | 27.4 | 10.5 | 27.8 | 84.9% |
| Czech Republic | 53.0 | 37.9 | 59.5 | 14.1 | -35.7% |
| Romania | 0.2 | 0.3 | 12.0 | 6.2 | 214.1% |
| Saudi Arabia | N/A | N/A | N/A | 2.8 | 0% |
| France | N/A | N/A | 16.5 | N/A | 0% |
| Others | 48.0 | 64.9 | 28.1 | 14.0 | -33.7% |
| Total | 170 | 218 | 901 | 602 | 52.4% |
Top Export Markets for Spices; Vanilla, Crushed or Ground from Hungary in 2022:
- Croatia (1637.0 kg)
- Saudi Arabia (500.0 kg)
- Slovakia (240.0 kg)
- Finland (150.0 kg)
- Romania (50.0 kg)
- Czech Republic (31.0 kg)
Imports of Spices; Vanilla, Crushed or Ground in Hungary
In 2022, imports of spices; vanilla, crushed or ground into Hungary dropped markedly to 2.2 tons, waning by -31.6% against the year before. Over the period under review, imports continue to indicate a sharp curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 116%.
In value terms, spices; vanilla, crushed or ground imports dropped rapidly to $153K in 2022. Overall, imports saw a precipitous setback. The growth pace was the most rapid in 2021 with an increase of 42% against the previous year.
| Import of Spices; Vanilla, Crushed or Ground in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 224 | 117 | 193 | 76.4 | -30.1% |
| Uganda | N/A | 7.2 | 45.2 | 34.6 | 119.2% |
| France | 220 | 14.2 | 22.5 | 27.4 | -50.1% |
| United States | N/A | 13.0 | 6.4 | 5.7 | -33.8% |
| Netherlands | 11.9 | N/A | 1.4 | 3.3 | -34.8% |
| Mexico | N/A | N/A | N/A | 3.1 | 0% |
| Others | 21.3 | 46.5 | 12.5 | 2.9 | -48.6% |
| Total | 477 | 198 | 281 | 153 | -31.5% |
Top Suppliers of Spices; Vanilla, Crushed or Ground to Hungary in 2022:
- France (1340.0 kg)
- Uganda (453.0 kg)
- Germany (159.0 kg)
- United States (120.0 kg)
- Netherlands (65.0 kg)
- Mexico (60.0 kg)
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This report provides an in-depth analysis of the vanilla market in Hungary.
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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 Hungary.
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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
