Price for Spices; Vanilla, Crushed or Ground in Kenya - 2022
Contents:
- Price for Spices; Vanilla, Crushed or Ground in Kenya (CIF) - 2022
- Price for Spices; Vanilla, Crushed or Ground in Kenya (FOB) - 2022
- Imports of Spices; Vanilla, Crushed or Ground in Kenya
- Exports of Spices; Vanilla, Crushed or Ground in Kenya
Price for Spices; Vanilla, Crushed or Ground in Kenya (CIF) - 2022
The average import price for spices; vanilla, crushed or ground stood at $15,773 per ton in 2022, which is down by -45% against the previous year. Overall, the import price, however, posted significant growth. The pace of growth was the most pronounced in 2021 when the average import price increased by 606% against the previous year. As a result, import price attained the peak level of $28,701 per ton, and then declined notably in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($49,063 per ton), while the price for South Africa amounted to $108 per ton.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Tanzania (+1,395.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Vanilla, Crushed or Ground in Kenya (FOB) - 2022
The average export price for spices; vanilla, crushed or ground stood at $6,397 per ton in 2022, jumping by 64% against the previous year. Overall, the export price showed buoyant growth. The pace of growth was the most pronounced in 2019 when the average export price increased by 114%. The export price peaked at $6,633 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Rwanda ($30,667 per ton), while the average price for exports to Uganda ($1,133 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 Rwanda (+31.4%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Spices; Vanilla, Crushed or Ground in Kenya
In 2022, spices; vanilla, crushed or ground imports into Kenya skyrocketed to 150 kg, picking up by 72% on the year before. Overall, imports, however, continue to indicate a significant contraction.
In value terms, spices; vanilla, crushed or ground imports reduced to $2.4K in 2022. The total import value increased at an average annual rate of +2.9% from 2020 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 12% against the previous year. As a result, imports attained the peak of $2.5K, and then dropped in the following year.
| Import of Spices; Vanilla, Crushed or Ground in Kenya (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| India | N/A | 141 | 2,355 | 1570.2% | |
| South Africa | 172 | N/A | 11.0 | -74.7% | |
| Tanzania | 1,495 | 1,749 | N/A | 17.0% | |
| United Arab Emirates | 349 | N/A | N/A | 0% | |
| Madagascar | N/A | 588 | N/A | 0% | |
| Pakistan | 219 | N/A | N/A | 0% | |
| Others | 1.0 | 19.0 | N/A | 1800.0% | |
| Total | 2,236 | 2,497 | 2,366 | 2.9% | |
Top Suppliers of Spices; Vanilla, Crushed or Ground to Kenya in 2022:
- South Africa (102.0 kg)
- India (48.0 kg)
Exports of Spices; Vanilla, Crushed or Ground in Kenya
In 2022, spices; vanilla, crushed or ground exports from Kenya declined to 229 kg, which is down by -9.1% on 2021. Over the period under review, exports saw a dramatic downturn.
In value terms, spices; vanilla, crushed or ground exports soared to $1.5K in 2022. In general, exports continue to indicate a abrupt contraction.
| Export of Spices; Vanilla, Crushed or Ground in Kenya (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Democratic Republic of the Congo | 1,162 | 525 | 428 | 374 | -31.5% |
| Rwanda | 1,224 | 1,332 | 227 | 184 | -46.8% |
| Uganda | 194 | 93.0 | 147 | 128 | -12.9% |
| Others | N/A | N/A | 180 | 779 | 332.8% |
| Total | 2,580 | 1,950 | 982 | 1,465 | -17.2% |
Top Export Markets for Spices; Vanilla, Crushed or Ground from Kenya in 2022:
- Uganda (113.0 kg)
- Democratic Republic of the Congo (106.0 kg)
- Rwanda (6.0 kg)
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This report provides an in-depth analysis of the vanilla market in Kenya.
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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 Kenya.
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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
