Price for Spices; Vanilla, Not Crushed or Ground in China - 2023
Contents:
- Price for Spices; Vanilla, Not Crushed or Ground in China (CIF) - 2023
- Imports of Spices; Vanilla, Not Crushed or Ground in China
Price for Spices; Vanilla, Not Crushed or Ground in China (CIF) - 2023
The average import price for vanilla stood at $93,502 per ton in December 2023, picking up by 63% against the previous month. Overall, the import price, however, continues to indicate a deep contraction. The growth pace was the most rapid in February 2023 when the average import price increased by 180% against the previous month. The import price peaked at $496K per ton in December 2022; however, from January 2023 to December 2023, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Madagascar.
From December 2022 to December 2023, the rate of growth in terms of prices for Indonesia amounted to +3.2% per month.
Imports of Spices; Vanilla, Not Crushed or Ground in China
In 2022, supplies from abroad of vanilla decreased by -33.6% to 9.5 tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 188% against the previous year.
In value terms, imports of vanilla contracted markedly to $1M in 2022. Overall, imports continue to indicate a slight shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 43% against the previous year. As a result, imports reached the peak of $2M, and then dropped sharply in the following year.
| Import of Spices; Vanilla, Not Crushed or Ground in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Madagascar | 626 | 837 | 1,312 | 699 | 3.7% |
| Indonesia | 114 | 292 | 97.3 | 283 | 35.4% |
| France | 343 | 114 | 265 | 66.6 | -42.1% |
| Papua New Guinea | 16.0 | 173 | 355 | 0.1 | -81.6% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1,099 | 1,416 | 2,030 | 1,049 | -1.5% |
Top Suppliers of Spices; Vanilla, Not Crushed or Ground to China in 2022:
- Indonesia (5.3 tons)
- Madagascar (4.1 tons)
- France (0.1 tons)
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This report provides an in-depth analysis of the vanilla market in China.
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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 China.
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This report provides an in-depth analysis of the global vanilla market.
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In March 2023, the vanilla price amounted to $127K per ton (CIF, China), waning by -39.4% against the previous month.
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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
