Price for Spices; Vanilla, Crushed or Ground in Slovakia - 2023
Contents:
- Price for Spices; Vanilla, Crushed or Ground in Slovakia (CIF) - 2022
- Price for Spices; Vanilla, Crushed or Ground in Slovakia (FOB) - 2022
- Imports of Spices; Vanilla, Crushed or Ground in Slovakia
- Exports of Spices; Vanilla, Crushed or Ground in Slovakia
Price for Spices; Vanilla, Crushed or Ground in Slovakia (CIF) - 2022
The average import price for spices; vanilla, crushed or ground stood at $73,339 per ton in 2022, surging by 53% against the previous year. In general, the import price saw significant growth. The most prominent rate of growth was recorded in 2017 an increase of 326%. Over the period under review, average import prices reached the maximum in 2022 and is likely to see steady growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($221,141 per ton), while the price for the Czech Republic ($11,747 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+29.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Vanilla, Crushed or Ground in Slovakia (FOB) - 2022
The average export price for spices; vanilla, crushed or ground stood at $3,314 per ton in 2022, shrinking by -80% against the previous year. In general, the export price, however, continues to indicate measured growth. The growth pace was the most rapid in 2021 an increase of 265%. As a result, the export price reached the peak level of $16,597 per ton, and then fell notably in the following year.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Hungary ($3,625 per ton), while the average price for exports to Austria amounted to $3,256 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+4.4%).
Imports of Spices; Vanilla, Crushed or Ground in Slovakia
In 2022, supplies from abroad of spices; vanilla, crushed or ground was finally on the rise to reach 2.6 tons after two years of decline. Over the period under review, imports showed slight growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, spices; vanilla, crushed or ground imports soared to $193K in 2022. Overall, imports showed significant growth. 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 Slovakia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | N/A | 7.1 | 1.8 | 70.8 | 215.8% |
| Austria | N/A | N/A | N/A | 21.1 | 0% |
| Madagascar | 7.0 | 11.4 | 18.9 | 11.6 | 18.3% |
| France | 4.6 | 9.0 | 8.7 | 8.0 | 20.3% |
| Czech Republic | 11.1 | 7.4 | 3.3 | 6.2 | -17.6% |
| Italy | 1.5 | 1.5 | 2.2 | 2.7 | 21.6% |
| Germany | 54.0 | 0.6 | 0.8 | 1.3 | -71.1% |
| Others | 14.0 | 0.6 | 0.4 | 71.4 | 72.1% |
| Total | 92.3 | 37.6 | 36.0 | 193 | 27.9% |
Top Suppliers of Spices; Vanilla, Crushed or Ground to Slovakia in 2022:
- Czech Republic (525.0 kg)
- Austria (500.0 kg)
- Indonesia (320.0 kg)
- France (168.0 kg)
- Madagascar (70.0 kg)
- Italy (58.0 kg)
- Germany (8.0 kg)
Exports of Spices; Vanilla, Crushed or Ground in Slovakia
In 2022, the amount of spices; vanilla, crushed or ground exported from Slovakia declined sharply to 51 kg, with a decrease of -17.7% on the previous year. Overall, exports saw a deep setback. The growth pace was the most rapid in 2021 with an increase of 55% against the previous year.
In value terms, spices; vanilla, crushed or ground exports contracted markedly to $169 in 2022. In general, exports faced a sharp curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 465% against the previous year. As a result, the exports attained the peak of $1K, and then declined rapidly in the following year.
| Export of Spices; Vanilla, Crushed or Ground in Slovakia (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 264 | 95.0 | 86.0 | 140 | -19.1% |
| Hungary | 94.0 | 87.0 | 147 | 29.0 | -32.4% |
| Others | N/A | N/A | 796 | N/A | 0% |
| Total | 358 | 182 | 1,029 | 169 | -22.1% |
Top Export Markets for Spices; Vanilla, Crushed or Ground from Slovakia in 2022:
- Austria (43.0 kg)
- Hungary (8.0 kg)
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This report provides an in-depth analysis of the vanilla market in Slovakia.
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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 Slovakia.
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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
