Price for Spices; Vanilla, Crushed or Ground in Kuwait - 2021
Contents:
- Price for Spices; Vanilla, Crushed or Ground in Kuwait (CIF) - 2022
- Imports of Spices; Vanilla, Crushed or Ground in Kuwait
Price for Spices; Vanilla, Crushed or Ground in Kuwait (CIF) - 2022
In 2022, the average import price for spices; vanilla, crushed or ground amounted to $18,310 per ton, remaining relatively unchanged against the previous year. In general, the import price, however, recorded resilient growth. The growth pace was the most rapid in 2015 when the average import price increased by 101%. The import price peaked at $18,316 per ton in 2021, and then dropped slightly 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 Saudi Arabia ($75,766 per ton), while the price for Bahrain ($3,189 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (+94.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Spices; Vanilla, Crushed or Ground in Kuwait
In 2022, purchases abroad of spices; vanilla, crushed or ground increased by 41% to 7.4 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, recorded a sharp setback.
In value terms, spices; vanilla, crushed or ground imports soared to $135K in 2022. In general, imports, however, continue to indicate a sharp shrinkage.
| Import of Spices; Vanilla, Crushed or Ground in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 49.9 | 36.1 | 33.5 | 73.6 | 13.8% |
| Bahrain | 71.7 | 23.4 | 5.3 | 15.3 | -40.2% |
| United Kingdom | 18.8 | 1.1 | 3.7 | 9.8 | -19.5% |
| Italy | 13.9 | 10.8 | 2.6 | 5.7 | -25.7% |
| India | 3.8 | 1.2 | 2.3 | 5.1 | 10.3% |
| United States | 6.9 | 2.4 | 2.0 | 4.5 | -13.3% |
| United Arab Emirates | 9.5 | 3.1 | 0.7 | 1.5 | -46.0% |
| Malta | 79.1 | N/A | 2.2 | N/A | -83.3% |
| Singapore | N/A | N/A | 33.1 | N/A | 0% |
| Others | 17.6 | 95.9 | 10.7 | 19.7 | 3.8% |
| Total | 271 | 174 | 96.0 | 135 | -20.7% |
Top Suppliers of Spices; Vanilla, Crushed or Ground to Kuwait in 2022:
- Bahrain (4795.0 kg)
- Saudi Arabia (971.0 kg)
- India (943.0 kg)
- Italy (194.0 kg)
- United Arab Emirates (97.0 kg)
- United States (81.0 kg)
- United Kingdom (15.0 kg)
841
This report provides an in-depth analysis of the vanilla market in Kuwait.
15892
This report provides an in-depth analysis of the global vanilla market.
841
This report provides an in-depth analysis of the vanilla market in Kuwait.
15892
This report provides an in-depth analysis of the global vanilla market.
5186
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
2235
Global vanilla consumption amounted to X thousand tons in 2015, stabilizing at the previous year level.
1970
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
5009
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
2217
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.
2364
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.
8306
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
2207
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.
1332
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
5186
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
