Price for Spices; Vanilla, Not Crushed or Ground in Morocco - 2023
Contents:
- Price for Spices; Vanilla, Not Crushed or Ground in Morocco (CIF) - 2022
- Price for Spices; Vanilla, Not Crushed or Ground in Morocco (FOB) - 2022
- Imports of Spices; Vanilla, Not Crushed or Ground in Morocco
- Exports of Spices; Vanilla, Not Crushed or Ground in Morocco
Price for Spices; Vanilla, Not Crushed or Ground in Morocco (CIF) - 2022
The average import price for vanilla stood at $293,517 per ton in 2022, with a decrease of -12.5% against the previous year. Over the period under review, the import price, however, posted a buoyant increase. The pace of growth was the most pronounced in 2018 an increase of 131%. The import price peaked at $604,137 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($287,111 per ton), while the price for Madagascar totaled $281,795 per ton.
From 2015 to 2022, the most notable rate of growth in terms of prices was attained by France (+23.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Spices; Vanilla, Not Crushed or Ground in Morocco (FOB) - 2022
In 2022, the average export price for vanilla amounted to $199,955 per ton, approximately mirroring the previous year. In general, the export price, however, faced a deep reduction. The export price peaked at $440,281 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat 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 Maldives ($276,922 per ton), while the average price for exports to the United Arab Emirates totaled $8,861 per ton.
From 2018 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (-23.1%).
Imports of Spices; Vanilla, Not Crushed or Ground in Morocco
Imports of vanilla into Morocco expanded slightly to 677 kg in 2022, with an increase of 4.8% against the year before. Overall, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 1,761%. As a result, imports attained the peak of 4.4 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of vanilla declined to $199K in 2022. In general, imports recorded a strong expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 936% against the previous year. As a result, imports attained the peak of $1.5M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Spices; Vanilla, Not Crushed or Ground in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Madagascar | 129 | 1,409 | 108 | 121 | -2.1% |
| France | 7.8 | 33.9 | 102 | 64.6 | 102.3% |
| Others | 4.9 | 21.0 | 6.5 | 12.9 | 38.1% |
| Total | 141 | 1,464 | 217 | 199 | 12.2% |
Top Suppliers of Spices; Vanilla, Not Crushed or Ground to Morocco in 2022:
- Madagascar (430.0 kg)
- France (225.0 kg)
Exports of Spices; Vanilla, Not Crushed or Ground in Morocco
In 2022, shipments abroad of vanilla decreased by -50% to 2.5 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports recorded a abrupt curtailment.
In value terms, exports of vanilla contracted remarkably to $508K in 2022. In general, exports, however, enjoyed measured growth.
| Export of Spices; Vanilla, Not Crushed or Ground in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Maldives | N/A | N/A | N/A | 438 | 0% |
| United Arab Emirates | N/A | N/A | N/A | 8.3 | 0% |
| Cote d'Ivoire | 3.3 | N/A | N/A | N/A | 0% |
| France | 237 | N/A | 507 | N/A | 46.3% |
| Others | 238 | N/A | 510 | 62.4 | -36.0% |
| Total | 478 | N/A | 1,017 | 508 | 2.0% |
Top Export Markets for Spices; Vanilla, Not Crushed or Ground from Morocco in 2022:
- Maldives (1580.0 kg)
- United Arab Emirates (942.0 kg)
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This report provides an in-depth analysis of the vanilla market in Morocco.
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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 Morocco.
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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
