Price for Spices; Vanilla, Not Crushed or Ground in Lithuania - 2023
Contents:
- Price for Spices; Vanilla, Not Crushed or Ground in Lithuania (CIF) - 2022
- Price for Spices; Vanilla, Not Crushed or Ground in Lithuania (FOB) - 2022
- Imports of Spices; Vanilla, Not Crushed or Ground in Lithuania
- Exports of Spices; Vanilla, Not Crushed or Ground in Lithuania
Price for Spices; Vanilla, Not Crushed or Ground in Lithuania (CIF) - 2022
In 2022, the average import price for vanilla amounted to $214,209 per ton, which is down by -19% against the previous year. In general, the import price, however, saw a buoyant expansion. The growth pace was the most rapid in 2017 an increase of 85%. The import price peaked at $551,756 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($447,386 per ton), while the price for France ($45,213 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+30.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Vanilla, Not Crushed or Ground in Lithuania (FOB) - 2022
In 2022, the average export price for vanilla amounted to $31,712 per ton, which is down by -82% against the previous year. Overall, the export price saw a deep reduction. The pace of growth appeared the most rapid in 2016 when the average export price increased by 57%. As a result, the export price reached the peak level of $244,069 per ton. From 2017 to 2022, the average export prices remained at a lower figure.
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 Latvia ($186,370 per ton), while the average price for exports to Poland ($5,978 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 Latvia (+1.4%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Spices; Vanilla, Not Crushed or Ground in Lithuania
In 2022, the amount of vanilla imported into Lithuania soared to 311 kg, rising by 20% compared with the previous year. Overall, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +18.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +64.6% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 35% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, imports of vanilla dropped slightly to $67K in 2022. In general, imports, however, continue to indicate a pronounced reduction. The pace of growth was the most pronounced in 2021 when imports increased by 21%.
| Import of Spices; Vanilla, Not Crushed or Ground in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 64.7 | 28.3 | 50.2 | 31.3 | -21.5% |
| Poland | N/A | N/A | 2.5 | 16.8 | 572.0% |
| Latvia | 4.2 | 22.6 | 11.8 | 7.8 | 22.9% |
| France | 4.4 | 5.8 | 3.3 | 5.5 | 7.7% |
| Germany | 0.7 | N/A | N/A | 4.0 | 78.8% |
| Estonia | N/A | N/A | 0.2 | 0.9 | 350.0% |
| Others | 0.6 | N/A | 0.8 | 0.3 | -20.6% |
| Total | 74.7 | 56.6 | 68.7 | 66.6 | -3.8% |
Top Suppliers of Spices; Vanilla, Not Crushed or Ground to Lithuania in 2022:
- France (122.0 kg)
- United Kingdom (70.0 kg)
- Poland (67.0 kg)
- Latvia (30.0 kg)
- Germany (14.0 kg)
- Estonia (7.0 kg)
Exports of Spices; Vanilla, Not Crushed or Ground in Lithuania
Exports of vanilla from Lithuania soared to 631 kg in 2022, rising by 5,636% on the previous year. Over the period under review, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of vanilla surged to $20K in 2022. In general, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Spices; Vanilla, Not Crushed or Ground in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Latvia | 2.2 | 4.3 | 1.9 | 10.1 | 66.2% |
| Russia | N/A | N/A | N/A | 6.9 | 0% |
| Poland | N/A | N/A | N/A | 2.7 | 0% |
| Others | N/A | N/A | N/A | 0.4 | 0% |
| Total | 2.2 | 4.3 | 1.9 | 20.0 | 108.7% |
Top Export Markets for Spices; Vanilla, Not Crushed or Ground from Lithuania in 2022:
- Poland (453.0 kg)
- Russia (121.0 kg)
- Latvia (54.0 kg)
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This report provides an in-depth analysis of the vanilla market in Lithuania.
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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 Lithuania.
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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
