Price for Spices; Vanilla, Crushed or Ground in South Africa - 2023
Contents:
- Price for Spices; Vanilla, Crushed or Ground in South Africa (FOB) - 2022
- Price for Spices; Vanilla, Crushed or Ground in South Africa (CIF) - 2022
- Exports of Spices; Vanilla, Crushed or Ground in South Africa
- Imports of Spices; Vanilla, Crushed or Ground in South Africa
Price for Spices; Vanilla, Crushed or Ground in South Africa (FOB) - 2022
In 2022, the average export price for spices; vanilla, crushed or ground amounted to $25,245 per ton, declining by -35.7% against the previous year. Over the period under review, the export price continues to indicate a abrupt slump. The pace of growth appeared the most rapid in 2017 when the average export price increased by 45% against the previous year. Over the period under review, the average export prices attained the maximum at $57,579 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($55,055 per ton), while the average price for exports to Namibia ($1,945 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 Germany (+4.9%), while the prices for the other major destinations experienced a decline.
Price for Spices; Vanilla, Crushed or Ground in South Africa (CIF) - 2022
The average import price for spices; vanilla, crushed or ground stood at $96,716 per ton in 2022, waning by -16% against the previous year. Overall, the import price, however, recorded a resilient expansion. The pace of growth appeared the most rapid in 2014 an increase of 135%. The import price peaked at $303,085 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
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 Madagascar ($198,571 per ton), while the price for Tanzania ($3,000 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+256.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Spices; Vanilla, Crushed or Ground in South Africa
For the fourth consecutive year, South Africa recorded growth in overseas shipments of spices; vanilla, crushed or ground, which increased by 7.4% to 54 tons in 2022. Over the period under review, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +14.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +51.4% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 27% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, spices; vanilla, crushed or ground exports dropped dramatically to $1.4M in 2022. Overall, exports, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2021 when exports increased by 11%. As a result, the exports attained the peak of $2M, and then declined rapidly in the following year.
| Export of Spices; Vanilla, Crushed or Ground in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 1,638 | 1,713 | 1,915 | 1,295 | -7.5% |
| Namibia | 7.9 | 7.0 | 8.7 | 55.1 | 91.1% |
| United Arab Emirates | 10.6 | 9.5 | 5.4 | 7.1 | -12.5% |
| Swaziland | 6.2 | 9.0 | 0.6 | 3.5 | -17.4% |
| Angola | N/A | N/A | 9.6 | N/A | 0% |
| Australia | N/A | 17.3 | N/A | N/A | 0% |
| Others | 15.7 | 25.0 | 43.5 | 8.6 | -18.2% |
| Total | 1,678 | 1,781 | 1,983 | 1,370 | -6.5% |
Top Export Markets for Spices; Vanilla, Crushed or Ground from South Africa in 2022:
- Namibia (28.3 tons)
- Sweden (23.5 tons)
- United Arab Emirates (1.4 tons)
- Swaziland (0.4 tons)
Imports of Spices; Vanilla, Crushed or Ground in South Africa
In 2022, overseas purchases of spices; vanilla, crushed or ground decreased by -39.9% to 483 kg, falling for the second year in a row after two years of growth. Over the period under review, imports continue to indicate a significant decline. The growth pace was the most rapid in 2020 when imports increased by 62%. As a result, imports attained the peak of 2.6 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, spices; vanilla, crushed or ground imports dropped significantly to $47K in 2022. In general, imports showed a dramatic curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by 12% against the previous year. As a result, imports attained the peak of $458K. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Spices; Vanilla, Crushed or Ground in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Uganda | 341 | 347 | 49.8 | 40.7 | -50.8% |
| France | 0.4 | 0.1 | 10.4 | 4.4 | 122.4% |
| Madagascar | 56.5 | 45.3 | 23.0 | 1.4 | -70.8% |
| Germany | N/A | 52.3 | N/A | N/A | 0% |
| Italy | N/A | 6.5 | 4.9 | N/A | -24.6% |
| Others | 11.3 | 6.5 | 4.3 | 0.2 | -73.9% |
| Total | 409 | 458 | 92.5 | 46.7 | -51.5% |
Top Suppliers of Spices; Vanilla, Crushed or Ground to South Africa in 2022:
- Uganda (398.0 kg)
- France (70.0 kg)
- Madagascar (7.0 kg)
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This report provides an in-depth analysis of the vanilla market in South Africa.
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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 South Africa.
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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
