Price for Spices; Vanilla, Crushed or Ground in Portugal - 2023
Contents:
- Price for Spices; Vanilla, Crushed or Ground in Portugal (CIF) - 2022
- Price for Spices; Vanilla, Crushed or Ground in Portugal (FOB) - 2022
- Imports of Spices; Vanilla, Crushed or Ground in Portugal
- Exports of Spices; Vanilla, Crushed or Ground in Portugal
Price for Spices; Vanilla, Crushed or Ground in Portugal (CIF) - 2022
The average import price for spices; vanilla, crushed or ground stood at $33,271 per ton in 2022, waning by -28.1% against the previous year. In general, the import price, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2015 when the average import price increased by 106%. Over the period under review, average import prices reached the maximum at $46,290 per ton in 2021, and then contracted significantly in the following year.
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 Germany ($69,520 per ton), while the price for France ($28,308 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+20.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Vanilla, Crushed or Ground in Portugal (FOB) - 2022
The average export price for spices; vanilla, crushed or ground stood at $2,274 per ton in 2022, declining by -58.2% against the previous year. Over the period under review, the export price saw a sharp shrinkage. The pace of growth was the most pronounced in 2015 an increase of 261% against the previous year. Over the period under review, the average export prices hit record highs at $178,960 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Cabo Verde ($13,000 per ton), while the average price for exports to France ($2,166 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 Angola (-9.6%), while the prices for the other major destinations experienced a decline.
Imports of Spices; Vanilla, Crushed or Ground in Portugal
Spices; vanilla, crushed or ground imports into Portugal surged to 3.2 tons in 2022, growing by 130% on the previous year's figure. Overall, imports enjoyed strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, spices; vanilla, crushed or ground imports skyrocketed to $107K in 2022. In general, total imports indicated a pronounced expansion from 2019 to 2022: its value increased at an average annual rate of +4.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Spices; Vanilla, Crushed or Ground in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 65.9 | 59.0 | 31.6 | 58.4 | -3.9% |
| Spain | 17.1 | 19.0 | 11.4 | 44.0 | 37.0% |
| Germany | 0.7 | 10.2 | 12.7 | 1.7 | 34.4% |
| Greece | N/A | 1.4 | N/A | N/A | 0% |
| United Kingdom | 5.2 | 1.1 | N/A | N/A | -78.8% |
| Others | 4.3 | 5.4 | 9.2 | 3.0 | -11.3% |
| Total | 93.2 | 96.2 | 64.9 | 107 | 4.7% |
Top Suppliers of Spices; Vanilla, Crushed or Ground to Portugal in 2022:
- France (2063.0 kg)
- Spain (1085.0 kg)
- Germany (25.0 kg)
Exports of Spices; Vanilla, Crushed or Ground in Portugal
In 2022, shipments abroad of spices; vanilla, crushed or ground was finally on the rise to reach 17 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, spices; vanilla, crushed or ground exports skyrocketed to $39K in 2022. Over the period under review, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Spices; Vanilla, Crushed or Ground in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | N/A | N/A | N/A | 36.5 | 0% |
| Angola | 0.7 | N/A | 0.9 | 1.6 | 31.7% |
| Spain | 0.9 | 0.5 | 0.4 | 0.1 | -51.9% |
| Others | 0.3 | 4.1 | 1.3 | 0.9 | 44.2% |
| Total | 2.0 | 4.6 | 2.6 | 39.0 | 169.2% |
Top Export Markets for Spices; Vanilla, Crushed or Ground from Portugal in 2022:
- Spain (undefined tons)
- France (16.8 tons)
- Angola (0.2 tons)
827
This report provides an in-depth analysis of the vanilla market in Portugal.
15923
This report provides an in-depth analysis of the global vanilla market.
827
This report provides an in-depth analysis of the vanilla market in Portugal.
15923
This report provides an in-depth analysis of the global vanilla market.
5191
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.
2376
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.
8313
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
2213
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
5191
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
