Price for Spices; Vanilla, Crushed or Ground in New Zealand - 2023
Contents:
- Price for Spices; Vanilla, Crushed or Ground in New Zealand (FOB) - 2022
- Price for Spices; Vanilla, Crushed or Ground in New Zealand (CIF) - 2022
- Exports of Spices; Vanilla, Crushed or Ground in New Zealand
- Imports of Spices; Vanilla, Crushed or Ground in New Zealand
Price for Spices; Vanilla, Crushed or Ground in New Zealand (FOB) - 2022
In 2022, the average export price for spices; vanilla, crushed or ground amounted to $24,462 per ton, reducing by -50.9% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 69%. As a result, the export price reached the peak level of $68,427 per ton. From 2020 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($77,638 per ton), while the average price for exports to Canada ($14,500 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 Denmark (+15.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Spices; Vanilla, Crushed or Ground in New Zealand (CIF) - 2022
In 2022, the average import price for spices; vanilla, crushed or ground amounted to $80,047 per ton, declining by -14.1% against the previous year. Overall, the import price, however, saw a strong expansion. The pace of growth was the most pronounced in 2021 when the average import price increased by 270%. As a result, import price attained the peak level of $93,142 per ton, and then reduced in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Papua New Guinea ($143,436 per ton), while the price for Germany ($30,600 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+31.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Spices; Vanilla, Crushed or Ground in New Zealand
In 2022, approx. 35 tons of spices; vanilla, crushed or ground were exported from New Zealand; picking up by 404% against the previous year's figure. Over the period under review, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, spices; vanilla, crushed or ground exports soared to $847K in 2022. Overall, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Spices; Vanilla, Crushed or Ground in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 15.9 | 47.2 | 200 | 695 | 252.3% |
| Australia | 38.2 | 25.2 | 45.4 | 64.8 | 19.3% |
| Spain | N/A | 33.9 | 67.8 | 49.7 | 21.1% |
| United Kingdom | 13.5 | 44.0 | 12.8 | 23.6 | 20.5% |
| Canada | N/A | N/A | 5.0 | 8.1 | 62.0% |
| Others | 10.1 | 13.4 | 10.8 | 6.1 | -15.5% |
| Total | 77.6 | 164 | 342 | 847 | 121.8% |
Top Export Markets for Spices; Vanilla, Crushed or Ground from New Zealand in 2022:
- United States (32.3 tons)
- Australia (0.9 tons)
- Canada (0.6 tons)
- United Kingdom (0.3 tons)
- Spain (0.3 tons)
Imports of Spices; Vanilla, Crushed or Ground in New Zealand
In 2022, approx. 1.2 tons of spices; vanilla, crushed or ground were imported into New Zealand; shrinking by -61.1% on the previous year. Overall, imports continue to indicate a precipitous curtailment. The smallest decline of -41% was in 2021.
In value terms, spices; vanilla, crushed or ground imports contracted markedly to $94K in 2022. In general, imports faced a dramatic curtailment. The growth pace was the most rapid in 2021 when imports increased by 119%. As a result, imports reached the peak of $280K, and then shrank notably in the following year.
| Import of Spices; Vanilla, Crushed or Ground in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1.2 | 5.1 | 75.1 | 47.0 | 239.6% |
| Indonesia | 134 | 16.8 | 23.9 | 12.7 | -54.4% |
| Papua New Guinea | 5.9 | N/A | N/A | 11.2 | 23.8% |
| Australia | 10.4 | 78.6 | 82.4 | 10.1 | -1.0% |
| Germany | N/A | N/A | N/A | 8.0 | 0% |
| India | N/A | N/A | 15.9 | 2.9 | -81.8% |
| Uganda | N/A | N/A | 61.6 | N/A | 0% |
| Malaysia | 67.9 | 21.1 | N/A | N/A | -68.9% |
| Others | 2.0 | 6.6 | 21.4 | 2.0 | 0.0% |
| Total | 221 | 128 | 280 | 93.7 | -24.9% |
Top Suppliers of Spices; Vanilla, Crushed or Ground to New Zealand in 2022:
- United States (493.0 kg)
- Germany (260.0 kg)
- Australia (137.0 kg)
- Indonesia (132.0 kg)
- Papua New Guinea (78.0 kg)
- India (35.0 kg)
765
This report provides an in-depth analysis of the vanilla market in New Zealand.
15921
This report provides an in-depth analysis of the global vanilla market.
765
This report provides an in-depth analysis of the vanilla market in New Zealand.
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.
2373
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
2211
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
