Price for Spices; Vanilla, Not Crushed or Ground in Ireland - 2023
Contents:
- Price for Spices; Vanilla, Not Crushed or Ground in Ireland (CIF) - 2022
- Price for Spices; Vanilla, Not Crushed or Ground in Ireland (FOB) - 2022
- Imports of Spices; Vanilla, Not Crushed or Ground in Ireland
- Exports of Spices; Vanilla, Not Crushed or Ground in Ireland
Price for Spices; Vanilla, Not Crushed or Ground in Ireland (CIF) - 2022
The average import price for vanilla stood at $53,326 per ton in 2022, waning by -23.4% against the previous year. Over the period under review, the import price, however, continues to indicate prominent growth. The pace of growth appeared the most rapid in 2021 an increase of 155%. As a result, import price attained the peak level of $69,622 per ton, and then declined dramatically in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($88,345 per ton), while the price for the UK ($39,088 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Vanilla, Not Crushed or Ground in Ireland (FOB) - 2022
In 2022, the average export price for vanilla amounted to $36,473 per ton, reducing by -12.1% against the previous year. Over the period under review, the export price saw a abrupt decrease. The pace of growth was the most pronounced in 2018 an increase of 60% against the previous year. Over the period under review, the average export prices attained the peak figure at $84,767 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for the UK.
From 2012 to 2022, the rate of growth in terms of prices for the UK amounted to -5.9% per year.
Imports of Spices; Vanilla, Not Crushed or Ground in Ireland
After two years of decline, purchases abroad of vanilla increased by 4.7% to 4.6 tons in 2022. Over the period under review, imports, however, showed a precipitous decrease.
In value terms, imports of vanilla dropped sharply to $244K in 2022. Overall, imports, however, showed a dramatic descent. The smallest decline of -5.5% was in 2021.
| Import of Spices; Vanilla, Not Crushed or Ground in Ireland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 266 | 139 | 141 | 176 | -12.9% |
| United Kingdom | 155 | 94.9 | 15.2 | 15.9 | -53.2% |
| Australia | N/A | 0.2 | 1.0 | 15.6 | 783.2% |
| Spain | 20.2 | 1.8 | 1.7 | 9.6 | -22.0% |
| Madagascar | N/A | N/A | 31.3 | 6.7 | -78.6% |
| Netherlands | 3.1 | 2.4 | 15.4 | 5.5 | 21.1% |
| Germany | 21.9 | 78.7 | 38.3 | N/A | 32.2% |
| Papua New Guinea | N/A | N/A | 44.3 | N/A | 0% |
| Others | 15.9 | 4.5 | 15.6 | 14.4 | -3.2% |
| Total | 481 | 322 | 304 | 244 | -20.2% |
Top Suppliers of Spices; Vanilla, Not Crushed or Ground to Ireland in 2022:
- France (3428.0 kg)
- United Kingdom (407.0 kg)
- Spain (203.0 kg)
- Australia (177.0 kg)
- Netherlands (117.0 kg)
- Madagascar (89.0 kg)
Exports of Spices; Vanilla, Not Crushed or Ground in Ireland
In 2022, exports of vanilla from Ireland soared to 751 kg, surging by 24% on the year before. In general, exports, however, recorded a noticeable reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 95%.
In value terms, exports of vanilla stood at $27K in 2022. Overall, exports, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 63% against the previous year.
| Export of Spices; Vanilla, Not Crushed or Ground in Ireland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 47.1 | 15.4 | 23.7 | 26.7 | -17.2% |
| Others | N/A | 0.1 | 1.5 | 0.7 | 164.6% |
| Total | 47.1 | 15.5 | 25.1 | 27.4 | -16.5% |
Top Export Markets for Spices; Vanilla, Not Crushed or Ground from Ireland in 2022:
- United Kingdom (739.0 kg)
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This report provides an in-depth analysis of the vanilla market in Ireland.
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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 Ireland.
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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
