Price for Spices; Vanilla, Crushed or Ground in Thailand - 2023
Contents:
- Price for Spices; Vanilla, Crushed or Ground in Thailand (FOB) - 2022
- Price for Spices; Vanilla, Crushed or Ground in Thailand (CIF) - 2022
- Exports of Spices; Vanilla, Crushed or Ground in Thailand
- Imports of Spices; Vanilla, Crushed or Ground in Thailand
Price for Spices; Vanilla, Crushed or Ground in Thailand (FOB) - 2022
In 2022, the average export price for spices; vanilla, crushed or ground amounted to $6,172 per ton, standing approx. at the previous year. Overall, export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, spices; vanilla, crushed or ground export price decreased by -2.7% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by 86% against the previous year. As a result, the export price reached the peak level of $9,061 per ton. From 2014 to 2022, the average export prices remained at a lower figure.
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 New Zealand ($6,544 per ton), while the average price for exports to Myanmar ($4,200 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 Canada (+20.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Spices; Vanilla, Crushed or Ground in Thailand (CIF) - 2022
In 2022, the average import price for spices; vanilla, crushed or ground amounted to $14,000 per ton, increasing by 1.8% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2016 when the average import price increased by 230%. As a result, import price attained the peak level of $210,636 per ton. From 2017 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($3,000 per ton), while the price for Madagascar stood at $1,000 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+17.1%), while the prices for the other major suppliers experienced a decline.
Exports of Spices; Vanilla, Crushed or Ground in Thailand
In 2022, the amount of spices; vanilla, crushed or ground exported from Thailand expanded slightly to 52 tons, surging by 5% on 2021 figures. In general, exports, however, continue to indicate a sharp setback. The most prominent rate of growth was recorded in 2021 with an increase of 7.3%.
In value terms, spices; vanilla, crushed or ground exports rose significantly to $321K in 2022. Over the period under review, exports, however, saw a drastic downturn.
| Export of Spices; Vanilla, Crushed or Ground in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 379 | 207 | 227 | 216 | -17.1% |
| Myanmar | N/A | 4.3 | 1.7 | 26.8 | 149.7% |
| Canada | 23.6 | 8.8 | 13.3 | 18.9 | -7.1% |
| Australia | 21.2 | 19.0 | 22.1 | 14.3 | -12.3% |
| Sweden | 50.7 | 21.2 | 25.7 | 8.9 | -44.0% |
| New Zealand | 19.7 | 7.5 | 8.0 | 8.4 | -24.7% |
| Singapore | N/A | N/A | N/A | 6.9 | 0% |
| Israel | 41.0 | 6.7 | 1.6 | 3.5 | -56.0% |
| Lao People's Democratic Republic | 5.8 | 1.3 | 0.3 | 2.1 | -28.7% |
| Others | 50.8 | 16.4 | 4.6 | 14.9 | -33.6% |
| Total | 592 | 292 | 304 | 321 | -18.5% |
Top Export Markets for Spices; Vanilla, Crushed or Ground from Thailand in 2022:
- United States (33.5 tons)
- Myanmar (6.4 tons)
- Canada (3.6 tons)
- Australia (2.5 tons)
- Sweden (1.7 tons)
- Singapore (1.3 tons)
- New Zealand (1.3 tons)
- Israel (0.6 tons)
- Lao People's Democratic Republic (0.3 tons)
Imports of Spices; Vanilla, Crushed or Ground in Thailand
For the third consecutive year, Thailand recorded decline in overseas purchases of spices; vanilla, crushed or ground, which decreased by 0% to 4 kg in 2022. In general, imports saw a dramatic curtailment. The smallest decline of -9.4% was in 2020.
In value terms, spices; vanilla, crushed or ground imports expanded to $56 in 2022. Over the period under review, imports saw a significant contraction. The most prominent rate of growth was recorded in 2020 with an increase of 72% against the previous year. As a result, imports reached the peak of $4.9K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Spices; Vanilla, Crushed or Ground in Thailand (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | N/A | 4,269 | 13.0 | 3.0 | -97.3% |
| Madagascar | N/A | N/A | N/A | 1.0 | 0% |
| New Zealand | N/A | 314 | N/A | N/A | 0% |
| United States | 38.0 | 233 | 34.0 | N/A | -5.4% |
| France | 2,794 | N/A | N/A | N/A | 0% |
| Australia | N/A | 66.0 | N/A | N/A | 0% |
| Others | N/A | N/A | 8.0 | 52.0 | 550.0% |
| Total | 2,832 | 4,882 | 55.0 | 56.0 | -73.0% |
Top Suppliers of Spices; Vanilla, Crushed or Ground to Thailand in 2022:
- Madagascar (1.0 kg)
- Indonesia (1.0 kg)
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This report provides an in-depth analysis of the vanilla market in Thailand.
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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 Thailand.
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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
