Price for Spices; Vanilla, Not Crushed or Ground in Argentina - 2023
Contents:
- Price for Spices; Vanilla, Not Crushed or Ground in Argentina (CIF) - 2022
- Imports of Spices; Vanilla, Not Crushed or Ground in Argentina
Price for Spices; Vanilla, Not Crushed or Ground in Argentina (CIF) - 2022
In 2022, the average import price for vanilla amounted to $214,917 per ton, reducing by -21.3% against the previous year. Over the period under review, the import price, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2016 when the average import price increased by 70%. Over the period under review, average import prices attained the maximum at $632,608 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Madagascar ($261,833 per ton), while the price for Ecuador ($179,708 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+29.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Spices; Vanilla, Not Crushed or Ground in Argentina
In 2022, purchases abroad of vanilla decreased by -7.2% to 361 kg, falling for the second consecutive year after two years of growth. Overall, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +17.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -23.4% against 2020 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 113%. As a result, imports attained the peak of 471 kg. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of vanilla contracted sharply to $78K in 2022. Over the period under review, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2020 with an increase of 71% against the previous year. As a result, imports reached the peak of $180K. From 2021 to 2022, the growth of imports of remained at a lower figure.
Import of Spices; Vanilla, Not Crushed or Ground in Argentina (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Papua New Guinea | 33.1 | 35.7 | 34.9 | 54.4 | 18.0% |
Madagascar | 31.7 | 84.6 | 67.4 | 18.9 | -15.8% |
Ecuador | N/A | N/A | N/A | 4.3 | 0% |
Sri Lanka | 30.1 | 37.8 | N/A | N/A | 25.6% |
Indonesia | 10.0 | 18.3 | N/A | N/A | 83.0% |
Tanzania | N/A | 3.7 | 3.8 | N/A | 2.7% |
Others | 0.7 | N/A | N/A | N/A | 0% |
Total | 106 | 180 | 106 | 77.6 | -9.9% |
Top Suppliers of Spices; Vanilla, Not Crushed or Ground to Argentina in 2022:
- Papua New Guinea (265.0 kg)
- Madagascar (72.0 kg)
- Ecuador (24.0 kg)
This report provides an in-depth analysis of the vanilla market in Argentina.
This report provides an in-depth analysis of the global vanilla market.
This report provides an in-depth analysis of the vanilla market in Argentina.
This report provides an in-depth analysis of the global vanilla market.
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
Global vanilla consumption amounted to X thousand tons in 2015, stabilizing at the previous year level.
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
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
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.
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.
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
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.
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
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