Price for Spices; Vanilla, Crushed or Ground in Peru - 2021
Contents:
- Price for Spices; Vanilla, Crushed or Ground in Peru (FOB) - 2022
- Price for Spices; Vanilla, Crushed or Ground in Peru (CIF) - 2022
- Exports of Spices; Vanilla, Crushed or Ground in Peru
- Imports of Spices; Vanilla, Crushed or Ground in Peru
Price for Spices; Vanilla, Crushed or Ground in Peru (FOB) - 2022
In 2022, the average export price for spices; vanilla, crushed or ground amounted to $6,151 per ton, with a decrease of -13.6% against the previous year. Overall, export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, spices; vanilla, crushed or ground export price increased by +73.4% against 2016 indices. The growth pace was the most rapid in 2020 when the average export price increased by 46% against the previous year. Over the period under review, the average export prices reached the peak figure at $7,119 per ton in 2021, and then shrank in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($27,200 per ton), while the average price for exports to Chile ($563 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 Italy (+24.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Spices; Vanilla, Crushed or Ground in Peru (CIF) - 2022
In 2022, the average import price for spices; vanilla, crushed or ground amounted to $165,134 per ton, rising by 3.5% against the previous year. In general, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, spices; vanilla, crushed or ground import price increased by +172.4% against 2015 indices. The pace of growth was the most pronounced in 2016 when the average import price increased by 86%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Madagascar ($642,000 per ton), while the price for the United States stood at $101,400 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+18.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Spices; Vanilla, Crushed or Ground in Peru
In 2022, the amount of spices; vanilla, crushed or ground exported from Peru rose sharply to 1.2 tons, surging by 5.8% compared with the previous year. In general, exports posted a significant increase. The growth pace was the most rapid in 2020 with an increase of 282% against the previous year. As a result, the exports attained the peak of 1.3 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, spices; vanilla, crushed or ground exports dropped to $7.7K in 2022. Over the period under review, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 457%.
| Export of Spices; Vanilla, Crushed or Ground in Peru (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 1,133 | 5,248 | 5,823 | 4,253 | 55.4% |
| Italy | 2.0 | 79.0 | 317 | 868 | 657.1% |
| United States | 83.0 | 1,257 | 417 | 771 | 110.2% |
| Switzerland | 6.0 | 63.0 | 146 | 544 | 349.2% |
| Germany | 18.0 | 259 | 501 | 319 | 160.7% |
| Chile | 7.0 | 20.0 | 12.0 | 9.0 | 8.7% |
| Mexico | N/A | 27.0 | 1,184 | N/A | 4285.2% |
| Others | N/A | N/A | N/A | 913 | 0% |
| Total | 1,249 | 6,953 | 8,400 | 7,677 | 83.2% |
Top Export Markets for Spices; Vanilla, Crushed or Ground from Peru in 2022:
- Spain (895.0 kg)
- Italy (167.0 kg)
- United States (109.0 kg)
- Germany (31.0 kg)
- Switzerland (20.0 kg)
- Chile (16.0 kg)
Imports of Spices; Vanilla, Crushed or Ground in Peru
In 2022, spices; vanilla, crushed or ground imports into Peru skyrocketed to 112 kg, with an increase of 348% against 2021 figures. Overall, imports posted a significant increase. The growth pace was the most rapid in 2020 when imports increased by 3,900%. As a result, imports reached the peak of 200 kg. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, spices; vanilla, crushed or ground imports surged to $18K in 2022. Over the period under review, imports saw significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 4,390%. As a result, imports attained the peak of $33K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Spices; Vanilla, Crushed or Ground in Peru (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | N/A | N/A | 1.5 | 0% |
| Madagascar | 0.2 | 2.2 | 0.1 | 0.6 | 44.2% |
| Indonesia | N/A | 30.8 | 1.9 | N/A | -93.8% |
| Netherlands | 0.2 | N/A | 0.1 | N/A | -29.3% |
| Others | 0.2 | N/A | 1.9 | 16.3 | 333.6% |
| Total | 0.7 | 33.0 | 4.0 | 18.5 | 197.9% |
Top Suppliers of Spices; Vanilla, Crushed or Ground to Peru in 2022:
- United States (15.0 kg)
- Madagascar (1.0 kg)
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This report provides an in-depth analysis of the vanilla market in Peru.
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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 Peru.
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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
