Price for Spices; Vanilla, Not Crushed or Ground in Greece - 2023
Contents:
- Price for Spices; Vanilla, Not Crushed or Ground in Greece (CIF) - 2022
- Price for Spices; Vanilla, Not Crushed or Ground in Greece (FOB) - 2022
- Imports of Spices; Vanilla, Not Crushed or Ground in Greece
- Exports of Spices; Vanilla, Not Crushed or Ground in Greece
Price for Spices; Vanilla, Not Crushed or Ground in Greece (CIF) - 2022
In 2022, the average import price for vanilla amounted to $82,689 per ton, picking up by 17% against the previous year. In general, the import price posted prominent growth. The most prominent rate of growth was recorded in 2020 when the average import price increased by 148%. The import price peaked in 2022 and is expected to retain growth in the immediate term.
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 France ($115,478 per ton), while the price for Bulgaria ($16,320 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+15.0%), while the prices for the other major suppliers experienced a decline.
Price for Spices; Vanilla, Not Crushed or Ground in Greece (FOB) - 2022
The average export price for vanilla stood at $62,311 per ton in 2022, increasing by 3.4% against the previous year. In general, the export price saw a mild expansion. The most prominent rate of growth was recorded in 2019 an increase of 511%. The export price peaked at $88,907 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cyprus ($367,833 per ton), while the average price for exports to Germany ($29,792 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 UK (+101.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Vanilla, Not Crushed or Ground in Greece
Imports of vanilla into Greece dropped markedly to 8.1 tons in 2022, with a decrease of -17% compared with 2021 figures. Over the period under review, imports continue to indicate a sharp decline.
In value terms, imports of vanilla reduced to $669K in 2022. In general, imports saw a slight contraction. The pace of growth appeared the most rapid in 2020 when imports increased by 4.1% against the previous year. As a result, imports reached the peak of $725K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Spices; Vanilla, Not Crushed or Ground in Greece (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 631 | 561 | 614 | 553 | -4.3% |
| Germany | 11.0 | 30.3 | 19.1 | 71.1 | 86.3% |
| Others | 54.2 | 133 | 57.2 | 45.6 | -5.6% |
| Total | 696 | 725 | 690 | 669 | -1.3% |
Top Suppliers of Spices; Vanilla, Not Crushed or Ground to Greece in 2022:
- France (4.8 tons)
- Germany (3.0 tons)
Exports of Spices; Vanilla, Not Crushed or Ground in Greece
In 2022, after three years of growth, there was significant decline in overseas shipments of vanilla, when their volume decreased by -82.6% to 103 kg. Overall, exports, however, enjoyed strong growth. The growth pace was the most rapid in 2021 when exports increased by 402% against the previous year. As a result, the exports reached the peak of 592 kg, and then dropped dramatically in the following year.
In value terms, exports of vanilla shrank dramatically to $6.4K in 2022. Over the period under review, exports continue to indicate a slight reduction. The growth pace was the most rapid in 2021 when exports increased by 240% against the previous year. As a result, the exports reached the peak of $36K, and then declined sharply in the following year.
| Export of Spices; Vanilla, Not Crushed or Ground in Greece (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cyprus | N/A | N/A | 14.5 | 2.2 | -84.8% |
| Germany | 2.6 | 2.1 | 3.8 | 2.1 | -6.9% |
| Romania | 2.5 | 5.9 | 0.7 | 0.9 | -28.9% |
| Bulgaria | 0.8 | 1.6 | 1.3 | 0.8 | 0.0% |
| Turkey | N/A | N/A | 14.5 | N/A | 0% |
| Others | 0.9 | 0.9 | 0.9 | 0.3 | -30.7% |
| Total | 6.8 | 10.5 | 35.7 | 6.4 | -2.0% |
Top Export Markets for Spices; Vanilla, Not Crushed or Ground from Greece in 2022:
- Germany (72.0 kg)
- Romania (16.0 kg)
- Bulgaria (6.0 kg)
- Cyprus (6.0 kg)
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This report provides an in-depth analysis of the vanilla market in Greece.
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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 Greece.
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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
