Price for Spices; Vanilla, Crushed or Ground in Sri Lanka - 2021
Contents:
- Price for Spices; Vanilla, Crushed or Ground in Sri Lanka (FOB) - 2022
- Price for Spices; Vanilla, Crushed or Ground in Sri Lanka (CIF) - 2022
- Exports of Spices; Vanilla, Crushed or Ground in Sri Lanka
- Imports of Spices; Vanilla, Crushed or Ground in Sri Lanka
Price for Spices; Vanilla, Crushed or Ground in Sri Lanka (FOB) - 2022
In 2022, the average export price for spices; vanilla, crushed or ground amounted to $146,710 per ton, growing by 98% against the previous year. Over the period under review, the export price enjoyed a resilient increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by 1,673%. The export price peaked in 2022 and is likely to see gradual growth in the near future.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Estonia ($258,333 per ton), while the average price for exports to France ($119,148 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 the United States (+43.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Spices; Vanilla, Crushed or Ground in Sri Lanka (CIF) - 2022
In 2022, the average import price for spices; vanilla, crushed or ground amounted to $13,125 per ton, rising by 6.8% against the previous year. In general, the import price, however, showed a abrupt shrinkage. The pace of growth was the most pronounced in 2017 an increase of 32%. As a result, import price reached the peak level of $44,555 per ton. From 2018 to 2022, the average import prices failed to regain momentum.
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 France ($16,000 per ton), while the price for Malaysia totaled $4,500 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+152.0%), while the prices for the other major suppliers experienced a decline.
Exports of Spices; Vanilla, Crushed or Ground in Sri Lanka
After three years of growth, overseas shipments of spices; vanilla, crushed or ground decreased by -43.3% to 421 kg in 2022. Overall, exports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 388% against the previous year.
In value terms, spices; vanilla, crushed or ground exports rose notably to $62K in 2022. In general, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 382% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in years to come.
| Export of Spices; Vanilla, Crushed or Ground in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 0.1 | 0.5 | 0.4 | 25.7 | 535.8% |
| Bulgaria | N/A | N/A | 26.5 | 23.5 | -11.3% |
| United States | N/A | N/A | N/A | 7.1 | 0% |
| Estonia | N/A | N/A | 2.0 | 3.9 | 95.0% |
| New Zealand | 4.0 | 0.9 | 0.2 | N/A | -77.6% |
| Japan | 1.4 | 23.8 | N/A | N/A | 1600.0% |
| Belgium | N/A | N/A | 1.4 | N/A | 0% |
| Germany | 2.3 | 3.3 | 0.8 | N/A | -41.0% |
| Switzerland | 0.6 | 24.2 | N/A | N/A | 3933.3% |
| Others | 4.3 | 8.6 | 23.5 | 1.6 | -28.1% |
| Total | 12.7 | 61.2 | 54.9 | 61.8 | 69.5% |
Top Export Markets for Spices; Vanilla, Crushed or Ground from Sri Lanka in 2022:
- France (216.0 kg)
- Bulgaria (140.0 kg)
- United States (40.0 kg)
- Estonia (15.0 kg)
Imports of Spices; Vanilla, Crushed or Ground in Sri Lanka
In 2022, supplies from abroad of spices; vanilla, crushed or ground decreased by -42.9% to 8 kg, falling for the second year in a row after two years of growth. In general, imports saw a dramatic slump. The growth pace was the most rapid in 2020 when imports increased by 180%. As a result, imports attained the peak of 1.6 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, spices; vanilla, crushed or ground imports reduced remarkably to $105 in 2022. Over the period under review, imports faced a precipitous decline. The most prominent rate of growth was recorded in 2020 when imports increased by 99% against the previous year. As a result, imports attained the peak of $34K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Spices; Vanilla, Crushed or Ground in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | N/A | N/A | N/A | 0.1 | 0% |
| Germany | 5.3 | 10.4 | 0.1 | N/A | -86.3% |
| Malaysia | N/A | N/A | N/A | N/A | 0% |
| Indonesia | 9.7 | 14.6 | 0.1 | N/A | -89.8% |
| United Arab Emirates | 2.0 | 2.4 | N/A | N/A | 20.0% |
| Madagascar | N/A | 6.2 | N/A | N/A | 0% |
| Others | N/A | 0.3 | N/A | N/A | 0% |
| Total | 17.0 | 33.9 | 0.2 | 0.1 | -81.9% |
Top Suppliers of Spices; Vanilla, Crushed or Ground to Sri Lanka in 2022:
- France (6.0 kg)
- Malaysia (2.0 kg)
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This report provides an in-depth analysis of the vanilla market in Sri Lanka.
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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 Sri Lanka.
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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
