Price for Spices; Vanilla, Crushed or Ground in Panama - 2022
Contents:
- Price for Spices; Vanilla, Crushed or Ground in Panama (CIF) - 2022
- Imports of Spices; Vanilla, Crushed or Ground in Panama
Price for Spices; Vanilla, Crushed or Ground in Panama (CIF) - 2022
In 2022, the average import price for spices; vanilla, crushed or ground amounted to $5,907 per ton, shrinking by -25.7% against the previous year. In general, the import price saw a perceptible setback. The growth pace was the most rapid in 2014 an increase of 674% against the previous year. The import price peaked at $22,772 per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for Lebanon amounted to +26.7% per year.
Imports of Spices; Vanilla, Crushed or Ground in Panama
In 2022, purchases abroad of spices; vanilla, crushed or ground increased by 66% to 321 kg for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, recorded a significant decline.
In value terms, spices; vanilla, crushed or ground imports soared to $1.9K in 2022. Over the period under review, imports, however, recorded a significant curtailment.
| Import of Spices; Vanilla, Crushed or Ground in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 12.2 | 9.4 | 0.4 | 1.9 | -46.2% |
| China | 15.6 | 14.4 | 1.0 | N/A | -74.7% |
| Lebanon | 0.4 | 1.1 | 0.1 | N/A | -50.0% |
| Turkey | 0.1 | N/A | N/A | N/A | 0% |
| Others | 0.1 | 6.7 | N/A | N/A | 6600.0% |
| Total | 28.5 | 31.6 | 1.5 | 1.9 | -59.5% |
Top Suppliers of Spices; Vanilla, Crushed or Ground to Panama in 2022:
- United States (321.0 kg)
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This report provides an in-depth analysis of the vanilla market in Panama.
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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 Panama.
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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
