Price for Spices; Vanilla, Crushed or Ground in Romania - 2023
Contents:
- Price for Spices; Vanilla, Crushed or Ground in Romania (CIF) - 2022
- Price for Spices; Vanilla, Crushed or Ground in Romania (FOB) - 2022
- Imports of Spices; Vanilla, Crushed or Ground in Romania
- Exports of Spices; Vanilla, Crushed or Ground in Romania
Price for Spices; Vanilla, Crushed or Ground in Romania (CIF) - 2022
In 2022, the average import price for spices; vanilla, crushed or ground amounted to $31,551 per ton, rising by 60% against the previous year. In general, the import price posted a strong increase. The pace of growth was the most pronounced in 2020 an increase of 122%. The import price peaked in 2022 and is likely to see steady growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Madagascar ($230,614 per ton), while the price for Australia ($4,379 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Madagascar (+21.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Vanilla, Crushed or Ground in Romania (FOB) - 2022
In 2022, the average export price for spices; vanilla, crushed or ground amounted to $106,374 per ton, falling by -36.2% against the previous year. In general, the export price, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2014 an increase of 354% against the previous year. The export price peaked at $214,392 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($108,563 per ton), while the average price for exports to Germany amounted to $99,950 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+55.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Vanilla, Crushed or Ground in Romania
In 2022, the amount of spices; vanilla, crushed or ground imported into Romania reduced slightly to 14 tons, waning by -2.7% compared with the year before. Over the period under review, imports recorded a abrupt setback. The pace of growth was the most pronounced in 2021 when imports increased by 30% against the previous year.
In value terms, spices; vanilla, crushed or ground imports skyrocketed to $449K in 2022. Overall, imports, however, enjoyed a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Spices; Vanilla, Crushed or Ground in Romania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 65.7 | 165 | 114 | 155 | 33.1% |
| Madagascar | N/A | N/A | 25.7 | 115 | 347.5% |
| Italy | 8.4 | 0.6 | 41.5 | 59.9 | 92.5% |
| Austria | 25.4 | 21.9 | 43.1 | 26.8 | 1.8% |
| United Arab Emirates | N/A | N/A | N/A | 20.3 | 0% |
| Australia | 9.3 | 13.5 | 8.8 | 6.8 | -9.9% |
| Hungary | 0.6 | 8.6 | 28.3 | 5.6 | 110.5% |
| Denmark | 125 | N/A | 0.9 | 1.2 | -78.7% |
| Greece | 11.2 | 4.8 | 1.8 | N/A | -59.9% |
| Others | 20.3 | 32.6 | 23.7 | 57.7 | 41.7% |
| Total | 266 | 247 | 288 | 449 | 19.1% |
Top Suppliers of Spices; Vanilla, Crushed or Ground to Romania in 2022:
- Greece (undefined tons)
- United Arab Emirates (4.6 tons)
- Italy (2.5 tons)
- Germany (2.5 tons)
- Australia (1.6 tons)
- Hungary (1.3 tons)
- Madagascar (0.5 tons)
- Austria (0.4 tons)
- Denmark (0.1 tons)
Exports of Spices; Vanilla, Crushed or Ground in Romania
Spices; vanilla, crushed or ground exports from Romania surged to 2.3 tons in 2022, growing by 105% on the previous year. In general, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 1,385% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, spices; vanilla, crushed or ground exports skyrocketed to $240K in 2022. Over the period under review, exports showed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 1,055%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Spices; Vanilla, Crushed or Ground in Romania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 22.5 | 14.7 | 173 | 184 | 101.5% |
| Germany | 0.6 | 0.1 | 10.2 | 55.5 | 352.3% |
| Others | 1.7 | 1.1 | 0.2 | 0.1 | -61.1% |
| Total | 24.9 | 15.9 | 183 | 240 | 112.8% |
Top Export Markets for Spices; Vanilla, Crushed or Ground from Romania in 2022:
- Italy (1696.0 kg)
- Germany (555.0 kg)
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This report provides an in-depth analysis of the vanilla market in Romania.
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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 Romania.
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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
