Price for Spices; Vanilla, Crushed or Ground in Italy - 2023
Contents:
- Price for Spices; Vanilla, Crushed or Ground in Italy (CIF) - 2022
- Price for Spices; Vanilla, Crushed or Ground in Italy (FOB) - 2022
- Imports of Spices; Vanilla, Crushed or Ground in Italy
- Exports of Spices; Vanilla, Crushed or Ground in Italy
Price for Spices; Vanilla, Crushed or Ground in Italy (CIF) - 2022
In 2022, the average import price for spices; vanilla, crushed or ground amounted to $85,958 per ton, dropping by -35.1% against the previous year. In general, the import price, however, recorded a prominent expansion. The pace of growth appeared the most rapid in 2016 when the average import price increased by 97% against the previous year. Over the period under review, average import prices reached the maximum at $189,294 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Germany ($92,104 per ton) and Madagascar ($85,650 per ton), while the price for the Netherlands ($67,017 per ton) and France ($80,653 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+22.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Vanilla, Crushed or Ground in Italy (FOB) - 2022
The average export price for spices; vanilla, crushed or ground stood at $58,353 per ton in 2022, rising by 186% against the previous year. Over the period under review, the export price saw resilient growth. Over the period under review, the average export prices attained the peak figure at $76,571 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($394,889 per ton), while the average price for exports to Hungary ($3,000 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 Brazil (+27.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Vanilla, Crushed or Ground in Italy
Spices; vanilla, crushed or ground imports into Italy skyrocketed to 32 tons in 2022, rising by 60% compared with the previous year's figure. Over the period under review, imports saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, spices; vanilla, crushed or ground imports rose slightly to $2.7M in 2022. The total import value increased at an average annual rate of +4.7% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 28%. As a result, imports attained the peak of $3.1M. From 2021 to 2022, the growth of imports failed to regain momentum.
Import of Spices; Vanilla, Crushed or Ground in Italy (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Madagascar | 80.1 | 244 | 444 | 889 | 123.1% |
Germany | 1,146 | 960 | 829 | 872 | -8.7% |
France | 1,011 | 1,563 | 1,152 | 746 | -9.6% |
Netherlands | 24.5 | 27.5 | 31.5 | 121 | 70.3% |
Others | 132 | 277 | 185 | 122 | -2.6% |
Total | 2,393 | 3,071 | 2,642 | 2,749 | 4.7% |
Top Suppliers of Spices; Vanilla, Crushed or Ground to Italy in 2022:
- Madagascar (10.4 tons)
- Germany (9.5 tons)
- France (9.2 tons)
- Netherlands (1.8 tons)
Exports of Spices; Vanilla, Crushed or Ground in Italy
In 2022, the amount of spices; vanilla, crushed or ground exported from Italy declined significantly to 592 kg, shrinking by -81.1% on the year before. Overall, exports saw a deep contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 631% against the previous year. As a result, the exports attained the peak of 3.1 tons, and then dropped markedly in the following year.
In value terms, spices; vanilla, crushed or ground exports reduced sharply to $35K in 2022. In general, exports recorded a pronounced curtailment. The growth pace was the most rapid in 2021 with an increase of 191%. As a result, the exports attained the peak of $64K, and then declined sharply in the following year.
Export of Spices; Vanilla, Crushed or Ground in Italy (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 9.6 | 4.6 | 3.4 | 6.6 | -11.7% |
Switzerland | N/A | 2.9 | 1.6 | 6.2 | 46.2% |
United Kingdom | N/A | N/A | 4.1 | 4.2 | 2.4% |
Slovakia | 1.5 | 1.5 | 2.4 | 2.9 | 24.6% |
Malta | 1.7 | 1.9 | 1.4 | 2.8 | 18.1% |
Portugal | 3.4 | 3.7 | 3.1 | 2.4 | -11.0% |
Romania | N/A | 1.9 | 7.1 | 2.0 | 2.6% |
Austria | 0.2 | 0.3 | 0.1 | 0.8 | 58.7% |
Spain | N/A | N/A | 24.5 | 0.1 | -99.6% |
India | 16.7 | N/A | N/A | N/A | 0% |
Canada | N/A | N/A | 9.0 | N/A | 0% |
Others | 4.3 | 5.1 | 7.2 | 6.6 | 15.4% |
Total | 37.5 | 22.0 | 64.0 | 34.5 | -2.7% |
Top Export Markets for Spices; Vanilla, Crushed or Ground from Italy in 2022:
- Slovakia (162.0 kg)
- Germany (84.0 kg)
- Romania (54.0 kg)
- Austria (54.0 kg)
- United Kingdom (50.0 kg)
- Malta (42.0 kg)
- Switzerland (31.0 kg)
- Portugal (27.0 kg)
- Spain (11.0 kg)
This report provides an in-depth analysis of the vanilla market in Italy.
This report provides an in-depth analysis of the global vanilla market.
This report provides an in-depth analysis of the vanilla market in Italy.
This report provides an in-depth analysis of the global vanilla market.
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
Global vanilla consumption amounted to X thousand tons in 2015, stabilizing at the previous year level.
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
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
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.
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.
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
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.
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
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