Price for Spices; Vanilla, Crushed or Ground in Malaysia - 2021
Contents:
- Price for Spices; Vanilla, Crushed or Ground in Malaysia (CIF) - 2022
- Price for Spices; Vanilla, Crushed or Ground in Malaysia (FOB) - 2022
- Imports of Spices; Vanilla, Crushed or Ground in Malaysia
- Exports of Spices; Vanilla, Crushed or Ground in Malaysia
Price for Spices; Vanilla, Crushed or Ground in Malaysia (CIF) - 2022
In 2022, the average import price for spices; vanilla, crushed or ground amounted to $4,054 per ton, dropping by -3.9% against the previous year. Over the period under review, the import price recorded a slight setback. The most prominent rate of growth was recorded in 2013 when the average import price increased by 26%. As a result, import price reached the peak level of $5,799 per ton. From 2014 to 2022, the average import prices failed to regain momentum.
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 Australia ($5,081 per ton), while the price for Thailand ($1,225 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+5.7%), while the prices for the other major suppliers experienced a decline.
Price for Spices; Vanilla, Crushed or Ground in Malaysia (FOB) - 2022
In 2022, the average export price for spices; vanilla, crushed or ground amounted to $3,484 per ton, declining by -2.4% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by 47% against the previous year. Over the period under review, the average export prices attained the maximum at $3,705 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Myanmar ($11,353 per ton), while the average price for exports to Brunei Darussalam ($2,500 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 Myanmar (+12.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Vanilla, Crushed or Ground in Malaysia
In 2022, overseas purchases of spices; vanilla, crushed or ground were finally on the rise to reach 34 tons after two years of decline. In general, imports, however, showed a significant curtailment.
In value terms, spices; vanilla, crushed or ground imports surged to $139K in 2022. Overall, imports, however, saw a drastic downturn.
| Import of Spices; Vanilla, Crushed or Ground in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 4.0 | 8.9 | 10.1 | 68.0 | 157.1% |
| United States | 180 | 144 | 18.7 | 18.7 | -53.0% |
| Thailand | 25.2 | 20.0 | 6.2 | 11.0 | -24.1% |
| Taiwan (Chinese) | 11.2 | 7.0 | 0.3 | 3.5 | -32.1% |
| United Kingdom | 5.7 | 1.8 | 1.7 | 2.1 | -28.3% |
| Others | 35.6 | 36.6 | 23.4 | 36.1 | 0.5% |
| Total | 262 | 218 | 60.4 | 139 | -19.0% |
Top Suppliers of Spices; Vanilla, Crushed or Ground to Malaysia in 2022:
- Australia (13.4 tons)
- Thailand (9.0 tons)
- United States (8.8 tons)
- United Kingdom (1.2 tons)
- Taiwan (Chinese) (1.0 tons)
Exports of Spices; Vanilla, Crushed or Ground in Malaysia
In 2022, overseas shipments of spices; vanilla, crushed or ground increased by 130% to 7.9 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, continue to indicate a precipitous descent.
In value terms, spices; vanilla, crushed or ground exports skyrocketed to $28K in 2022. Over the period under review, exports, however, recorded a dramatic decrease.
| Export of Spices; Vanilla, Crushed or Ground in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 14.3 | 24.8 | 8.4 | 20.9 | 13.5% |
| Singapore | 1.1 | 10.2 | 1.9 | 3.3 | 44.2% |
| Myanmar | 0.3 | 2.9 | 0.9 | 1.8 | 81.7% |
| Indonesia | 0.8 | 4.2 | 0.8 | 1.3 | 17.6% |
| Netherlands | 56.9 | N/A | N/A | N/A | 0% |
| Others | 0.1 | 0.8 | 0.3 | 0.4 | 58.7% |
| Total | 73.6 | 43.0 | 12.3 | 27.6 | -27.9% |
Top Export Markets for Spices; Vanilla, Crushed or Ground from Malaysia in 2022:
- New Zealand (6.3 tons)
- Singapore (0.9 tons)
- Indonesia (0.5 tons)
- Myanmar (0.2 tons)
1801
This report provides an in-depth analysis of the vanilla market in Malaysia.
15921
This report provides an in-depth analysis of the global vanilla market.
1801
This report provides an in-depth analysis of the vanilla market in Malaysia.
15921
This report provides an in-depth analysis of the global vanilla market.
5190
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
2243
Global vanilla consumption amounted to X thousand tons in 2015, stabilizing at the previous year level.
1972
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
5013
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
2229
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.
2374
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.
8311
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
2212
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.
1336
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
5190
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
