Price for Spices; Vanilla, Not Crushed or Ground in Costa Rica - 2022
Contents:
- Price for Spices; Vanilla, Not Crushed or Ground in Costa Rica (FOB) - 2022
- Price for Spices; Vanilla, Not Crushed or Ground in Costa Rica (CIF) - 2022
- Exports of Spices; Vanilla, Not Crushed or Ground in Costa Rica
- Imports of Spices; Vanilla, Not Crushed or Ground in Costa Rica
Price for Spices; Vanilla, Not Crushed or Ground in Costa Rica (FOB) - 2022
The average export price for vanilla stood at $20,344 per ton in 2022, increasing by 9.3% against the previous year. Over the period under review, the export price, however, recorded a abrupt contraction. The pace of growth was the most pronounced in 2017 an increase of 1,160%. Over the period under review, the average export prices attained the peak figure at $81,338 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
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 the United States ($28,427 per ton), while the average price for exports to El Salvador totaled $14,966 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+1,395.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Spices; Vanilla, Not Crushed or Ground in Costa Rica (CIF) - 2022
The average import price for vanilla stood at $13,600 per ton in 2022, jumping by 31% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible reduction. The import price peaked at $17,000 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($14,750 per ton), while the price for France stood at $9,000 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (-2.8%).
Exports of Spices; Vanilla, Not Crushed or Ground in Costa Rica
Exports of vanilla from Costa Rica shrank markedly to 244 kg in 2022, reducing by -82.5% on the previous year's figure. Overall, exports showed a drastic downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 1,685%. As a result, the exports attained the peak of 1.4 tons, and then reduced dramatically in the following year.
In value terms, exports of vanilla declined significantly to $5K in 2022. Over the period under review, exports saw a sharp downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 848%.
| Export of Spices; Vanilla, Not Crushed or Ground in Costa Rica (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1.1 | 0.4 | 3.7 | 2.7 | 34.9% |
| El Salvador | 4.6 | 1.0 | 17.5 | 2.2 | -21.8% |
| Canada | 0.8 | 0.2 | 2.8 | N/A | 87.1% |
| Others | 20.5 | 1.2 | 2.0 | N/A | -68.8% |
| Total | 26.9 | 2.7 | 25.9 | 5.0 | -42.9% |
Top Export Markets for Spices; Vanilla, Not Crushed or Ground from Costa Rica in 2022:
- El Salvador (147.0 kg)
- United States (96.0 kg)
Imports of Spices; Vanilla, Not Crushed or Ground in Costa Rica
In 2022, the amount of vanilla imported into Costa Rica declined dramatically to 5 kg, with a decrease of -61.5% against 2021. Over the period under review, imports showed a sharp shrinkage.
In value terms, imports of vanilla dropped significantly to $68 in 2022. Overall, imports continue to indicate a sharp downturn.
| Import of Spices; Vanilla, Not Crushed or Ground in Costa Rica (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| United States | 84.0 | 59.0 | -29.8% | ||
| France | 46.0 | 9.0 | -80.4% | ||
| Nicaragua | 5.0 | N/A | 0% | ||
| Others | N/A | N/A | 0% | ||
| Total | 135 | 68.0 | -49.6% | ||
Top Suppliers of Spices; Vanilla, Not Crushed or Ground to Costa Rica in 2022:
- United States (4.0 kg)
- France (1.0 kg)
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This report provides an in-depth analysis of the vanilla market in Costa Rica.
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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 Costa Rica.
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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
