Price for Spices; Vanilla, Crushed or Ground in Pakistan - 2022
Contents:
- Price for Spices; Vanilla, Crushed or Ground in Pakistan (CIF) - 2022
- Price for Spices; Vanilla, Crushed or Ground in Pakistan (FOB) - 2022
- Imports of Spices; Vanilla, Crushed or Ground in Pakistan
- Exports of Spices; Vanilla, Crushed or Ground in Pakistan
Price for Spices; Vanilla, Crushed or Ground in Pakistan (CIF) - 2022
In 2021, the average import price for spices; vanilla, crushed or ground amounted to $3,231 per ton, surging by 18% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable slump. The import price peaked at $4,132 per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for the UK.
From 2014 to 2021, the rate of growth in terms of prices for the United Arab Emirates amounted to -10.6% per year.
Price for Spices; Vanilla, Crushed or Ground in Pakistan (FOB) - 2022
In 2020, the average export price for spices; vanilla, crushed or ground amounted to $5,084 per ton, standing approx. at the previous year. Over the period under review, the export price enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2016 an increase of 126%. As a result, the export price reached the peak level of $11,357 per ton. From 2017 to 2020, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sri Lanka ($11,187 per ton), while the average price for exports to Kenya ($1,490 per ton) was amongst the lowest.
From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+31.6%), while the prices for the other major destinations experienced a decline.
Imports of Spices; Vanilla, Crushed or Ground in Pakistan
In 2021, approx. 91 kg of spices; vanilla, crushed or ground were imported into Pakistan; waning by -92.4% compared with 2020 figures. Overall, imports continue to indicate a precipitous setback.
In value terms, spices; vanilla, crushed or ground imports dropped rapidly to $294 in 2021. In general, imports continue to indicate a precipitous descent.
| Import of Spices; Vanilla, Crushed or Ground in Pakistan (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | CAGR, 2020-2021 | ||
| United Kingdom | N/A | 294 | 0% | ||
| Hungary | 1,667 | N/A | 0% | ||
| Others | 1,632 | N/A | 0% | ||
| Total | 3,299 | 294 | -91.1% | ||
Top Suppliers of Spices; Vanilla, Crushed or Ground to Pakistan in 2022:
- United Kingdom (91.0 kg)
Exports of Spices; Vanilla, Crushed or Ground in Pakistan
In 2020, approx. 467 kg of spices; vanilla, crushed or ground were exported from Pakistan; rising by 873% compared with 2019. Over the period under review, exports continue to indicate a significant increase. 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 surged to $2.4K in 2020. Overall, exports posted significant growth. 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 Pakistan (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | CAGR, 2019-2020 | ||
| United Kingdom | N/A | 1,249 | 0% | ||
| Sri Lanka | N/A | 839 | 0% | ||
| Kenya | N/A | 286 | 0% | ||
| Others | 242 | N/A | 0% | ||
| Total | 242 | 2,374 | 881.0% | ||
Top Export Markets for Spices; Vanilla, Crushed or Ground from Pakistan in 2022:
- United Kingdom (200.0 kg)
- Kenya (192.0 kg)
- Sri Lanka (75.0 kg)
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This report provides an in-depth analysis of the vanilla market in Pakistan.
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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 Pakistan.
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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
