Price for Spices; Vanilla, Crushed or Ground in Lithuania - 2023
Contents:
- Price for Spices; Vanilla, Crushed or Ground in Lithuania (CIF) - 2022
- Price for Spices; Vanilla, Crushed or Ground in Lithuania (FOB) - 2022
- Imports of Spices; Vanilla, Crushed or Ground in Lithuania
- Exports of Spices; Vanilla, Crushed or Ground in Lithuania
Price for Spices; Vanilla, Crushed or Ground in Lithuania (CIF) - 2022
The average import price for spices; vanilla, crushed or ground stood at $28,735 per ton in 2022, reducing by -16.3% against the previous year. Overall, the import price, however, saw a measured expansion. The growth pace was the most rapid in 2016 when the average import price increased by 245%. As a result, import price attained the peak level of $61,541 per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($37,179 per ton), while the price for Austria amounted to $28,487 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+27.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Vanilla, Crushed or Ground in Lithuania (FOB) - 2022
In 2022, the average export price for spices; vanilla, crushed or ground amounted to $28,454 per ton, picking up by 6.6% against the previous year. In general, the export price showed a prominent increase. The pace of growth was the most pronounced in 2016 when the average export price increased by 488% against the previous year. As a result, the export price reached the peak level of $96,233 per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Latvia ($30,288 per ton), while the average price for exports to Russia ($25,635 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 Estonia (+15.3%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Spices; Vanilla, Crushed or Ground in Lithuania
In 2022, spices; vanilla, crushed or ground imports into Lithuania soared to 1.4 tons, growing by 26% compared with 2021 figures. In general, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +19.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.8% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 49%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the near future.
In value terms, spices; vanilla, crushed or ground imports expanded markedly to $39K in 2022. Overall, imports enjoyed a significant increase. The growth pace was the most rapid in 2020 with an increase of 83%. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in years to come.
Import of Spices; Vanilla, Crushed or Ground in Lithuania (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Austria | 12.5 | 25.3 | 36.1 | 37.6 | 44.4% |
Germany | N/A | N/A | N/A | 1.0 | 0% |
Others | 1.8 | 0.8 | 0.9 | 0.4 | -39.4% |
Total | 14.3 | 26.1 | 37.0 | 39.0 | 39.7% |
Top Suppliers of Spices; Vanilla, Crushed or Ground to Lithuania in 2022:
- Austria (1319.0 kg)
- Germany (28.0 kg)
Exports of Spices; Vanilla, Crushed or Ground in Lithuania
For the fourth year in a row, Lithuania recorded growth in shipments abroad of spices; vanilla, crushed or ground, which increased by 22% to 315 kg in 2022. Overall, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +21.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +81.0% against 2019 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 35% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.
In value terms, spices; vanilla, crushed or ground exports soared to $9K in 2022. In general, exports showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 45%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.
Export of Spices; Vanilla, Crushed or Ground in Lithuania (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Estonia | 1.9 | 4.3 | 4.9 | 5.3 | 40.8% |
Latvia | 0.5 | 1.0 | 2.0 | 2.0 | 58.7% |
Russia | N/A | N/A | N/A | 1.6 | 0% |
Germany | 1.2 | N/A | N/A | N/A | 0% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 3.6 | 5.3 | 6.9 | 9.0 | 35.7% |
Top Export Markets for Spices; Vanilla, Crushed or Ground from Lithuania in 2022:
- Estonia (186.0 kg)
- Latvia (66.0 kg)
- Russia (63.0 kg)
This report provides an in-depth analysis of the vanilla market in Lithuania.
This report provides an in-depth analysis of the global vanilla market.
This report provides an in-depth analysis of the vanilla market in Lithuania.
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