Price for Spices; Vanilla, Crushed or Ground in Sweden - 2023
Contents:
- Price for Spices; Vanilla, Crushed or Ground in Sweden (CIF) - 2022
- Price for Spices; Vanilla, Crushed or Ground in Sweden (FOB) - 2022
- Imports of Spices; Vanilla, Crushed or Ground in Sweden
- Exports of Spices; Vanilla, Crushed or Ground in Sweden
Price for Spices; Vanilla, Crushed or Ground in Sweden (CIF) - 2022
In 2022, the average import price for spices; vanilla, crushed or ground amounted to $177,052 per ton, reducing by -23.2% against the previous year. Over the period under review, the import price, however, showed significant growth. The most prominent rate of growth was recorded in 2016 when the average import price increased by 151%. Over the period under review, average import prices hit record highs at $230,555 per ton in 2021, and then declined rapidly in the following year.
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 South Africa ($319,104 per ton), while the price for Denmark ($90,043 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Madagascar (+52.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Vanilla, Crushed or Ground in Sweden (FOB) - 2022
In 2022, the average export price for spices; vanilla, crushed or ground amounted to $33,981 per ton, picking up by 1.7% against the previous year. Over the period under review, the export price, however, showed a pronounced slump. The growth pace was the most rapid in 2015 an increase of 323% against the previous year. As a result, the export price reached the peak level of $69,207 per ton. From 2016 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($99,000 per ton), while the average price for exports to Norway ($31,056 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 (+55.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Vanilla, Crushed or Ground in Sweden
In 2022, approx. 8.6 tons of spices; vanilla, crushed or ground were imported into Sweden; waning by -37.8% on 2021 figures. In general, imports recorded a significant curtailment. The pace of growth was the most pronounced in 2021 with an increase of 20%.
In value terms, spices; vanilla, crushed or ground imports dropped dramatically to $1.5M in 2022. Over the period under review, imports recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 48% against the previous year. As a result, imports attained the peak of $3.2M, and then contracted significantly in the following year.
| Import of Spices; Vanilla, Crushed or Ground in Sweden (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 1,539 | 1,383 | 1,641 | 638 | -25.4% |
| China | 0.1 | 3.8 | N/A | 270 | 1292.5% |
| Germany | 621 | 306 | 349 | 252 | -26.0% |
| France | 33.3 | 94.4 | 306 | 209 | 84.5% |
| Denmark | 63.5 | 150 | 204 | 90.8 | 12.7% |
| Netherlands | 64.7 | 132 | 79.9 | 36.3 | -17.5% |
| Madagascar | N/A | N/A | 535 | N/A | 0% |
| Others | 54.4 | 80.9 | 67.6 | 24.0 | -23.9% |
| Total | 2,376 | 2,151 | 3,183 | 1,520 | -13.8% |
Top Suppliers of Spices; Vanilla, Crushed or Ground to Sweden in 2022:
- Germany (2.2 tons)
- South Africa (2.0 tons)
- France (2.0 tons)
- Denmark (1.0 tons)
- China (1.0 tons)
- Netherlands (0.2 tons)
Exports of Spices; Vanilla, Crushed or Ground in Sweden
In 2022, after three years of growth, there was significant decline in shipments abroad of spices; vanilla, crushed or ground, when their volume decreased by -13% to 643 kg. Over the period under review, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 82% against the previous year.
In value terms, spices; vanilla, crushed or ground exports contracted to $22K in 2022. In general, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 66% against the previous year. As a result, the exports attained the peak of $25K, and then reduced in the following year.
| Export of Spices; Vanilla, Crushed or Ground in Sweden (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 9.1 | 8.8 | 14.5 | 14.5 | 16.8% |
| Finland | 1.6 | 5.3 | 9.2 | 6.6 | 60.4% |
| United States | N/A | 0.3 | N/A | 0.1 | -42.3% |
| Others | 0.2 | 0.3 | 0.9 | 0.6 | 44.2% |
| Total | 10.9 | 14.8 | 24.7 | 21.9 | 26.2% |
Top Export Markets for Spices; Vanilla, Crushed or Ground from Sweden in 2022:
- Norway (468.0 kg)
- Finland (168.0 kg)
- United States (1.0 kg)
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This report provides an in-depth analysis of the vanilla market in Sweden.
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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 Sweden.
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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
