Price for Spices; Vanilla, Crushed or Ground in Serbia - 2023
Contents:
- Price for Spices; Vanilla, Crushed or Ground in Serbia (CIF) - 2022
- Price for Spices; Vanilla, Crushed or Ground in Serbia (FOB) - 2022
- Imports of Spices; Vanilla, Crushed or Ground in Serbia
- Exports of Spices; Vanilla, Crushed or Ground in Serbia
Price for Spices; Vanilla, Crushed or Ground in Serbia (CIF) - 2022
The average import price for spices; vanilla, crushed or ground stood at $21,964 per ton in 2022, which is down by -45.4% against the previous year. In general, the import price, however, continues to indicate a significant expansion. The pace of growth appeared the most rapid in 2013 when the average import price increased by 1,408% against the previous year. The import price peaked at $61,638 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Madagascar ($21,825 per ton), while the price for France stood at $21,581 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+41.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Vanilla, Crushed or Ground in Serbia (FOB) - 2022
In 2022, the average export price for spices; vanilla, crushed or ground amounted to $236 per ton, with a decrease of -89.2% against the previous year. Overall, the export price recorded a sharp descent. The most prominent rate of growth was recorded in 2018 an increase of 412% against the previous year. As a result, the export price attained the peak level of $23,032 per ton. From 2019 to 2022, 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 Montenegro ($1,000 per ton), while the average price for exports to France stood at $217 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Montenegro (-7.6%).
Imports of Spices; Vanilla, Crushed or Ground in Serbia
In 2022, imports of spices; vanilla, crushed or ground into Serbia skyrocketed to 811 kg, picking up by 46% against 2021 figures. Overall, imports showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 2,035% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.
In value terms, spices; vanilla, crushed or ground imports dropped significantly to $18K in 2022. Over the period under review, imports saw a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 5,199%. As a result, imports attained the peak of $22K, and then fell dramatically in the following year.
| Import of Spices; Vanilla, Crushed or Ground in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Madagascar | 0.4 | 0.1 | 5.2 | 17.0 | 249.0% |
| France | 1.9 | N/A | 0.9 | 0.7 | -28.3% |
| Bosnia and Herzegovina | N/A | N/A | 1.3 | N/A | 0% |
| Germany | 2.4 | 0.1 | 2.4 | N/A | 0.0% |
| Others | 4.7 | 0.2 | 12.4 | 0.2 | -65.1% |
| Total | 9.4 | 0.4 | 22.3 | 17.8 | 23.7% |
Top Suppliers of Spices; Vanilla, Crushed or Ground to Serbia in 2022:
- Madagascar (778.0 kg)
- France (31.0 kg)
Exports of Spices; Vanilla, Crushed or Ground in Serbia
In 2022, approx. 123 kg of spices; vanilla, crushed or ground were exported from Serbia; surging by 669% on 2021 figures. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 9,330% against the previous year. As a result, the exports attained the peak of 943 kg. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, spices; vanilla, crushed or ground exports reduced sharply to $29 in 2022. In general, exports recorded significant growth. The pace of growth was the most pronounced in 2020 with an increase of 26,100%. As a result, the exports attained the peak of $3.1K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Spices; Vanilla, Crushed or Ground in Serbia (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | N/A | N/A | N/A | 13.0 | 0% |
| Montenegro | 12.0 | 11.0 | 8.0 | 3.0 | -37.0% |
| Canada | N/A | 3,133 | N/A | N/A | 0% |
| Others | N/A | N/A | 27.0 | 13.0 | -51.9% |
| Total | 12.0 | 3,144 | 35.0 | 29.0 | 34.2% |
Top Export Markets for Spices; Vanilla, Crushed or Ground from Serbia in 2022:
- France (60.0 kg)
- Montenegro (3.0 kg)
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This report provides an in-depth analysis of the vanilla market in Serbia.
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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 Serbia.
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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
