Price for Spices; Vanilla, Not Crushed or Ground in Portugal - 2023
Contents:
- Price for Spices; Vanilla, Not Crushed or Ground in Portugal (CIF) - 2022
- Price for Spices; Vanilla, Not Crushed or Ground in Portugal (FOB) - 2022
- Imports of Spices; Vanilla, Not Crushed or Ground in Portugal
- Exports of Spices; Vanilla, Not Crushed or Ground in Portugal
Price for Spices; Vanilla, Not Crushed or Ground in Portugal (CIF) - 2022
The average import price for vanilla stood at $61,927 per ton in 2022, falling by -24.3% against the previous year. Over the period under review, the import price, however, showed a strong expansion. The most prominent rate of growth was recorded in 2014 when the average import price increased by 131%. The import price peaked at $234,517 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($201,125 per ton), while the price for Belgium ($20,100 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+20.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Vanilla, Not Crushed or Ground in Portugal (FOB) - 2022
In 2022, the average export price for vanilla amounted to $78,697 per ton, falling by -43.8% against the previous year. Overall, the export price showed a abrupt setback. The most prominent rate of growth was recorded in 2016 when the average export price increased by 66% against the previous year. Over the period under review, the average export prices reached the peak figure at $283,002 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($108,361 per ton), while the average price for exports to Luxembourg ($4,452 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 Spain (-3.8%), while the prices for the other major destinations experienced a decline.
Imports of Spices; Vanilla, Not Crushed or Ground in Portugal
After three years of growth, supplies from abroad of vanilla decreased by less than 0.1% to 6.4 tons in 2022. Overall, imports, however, posted significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 113% against the previous year. As a result, imports reached the peak of 6.4 tons, leveling off in the following year.
In value terms, imports of vanilla dropped markedly to $396K in 2022. Over the period under review, imports showed a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 3.9%.
| Import of Spices; Vanilla, Not Crushed or Ground in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 144 | 77.1 | 143 | 135 | -2.1% |
| Poland | 375 | 278 | 259 | 107 | -34.2% |
| Spain | 42.9 | 17.8 | 52.2 | 78.0 | 22.1% |
| Germany | 76.2 | 87.5 | 38.4 | 38.6 | -20.3% |
| Belgium | 9.2 | N/A | 8.1 | 14.7 | 16.9% |
| Austria | 18.6 | 6.2 | 11.7 | 9.6 | -19.8% |
| Others | 15.4 | 37.3 | 10.9 | 13.7 | -3.8% |
| Total | 682 | 504 | 523 | 396 | -16.6% |
Top Suppliers of Spices; Vanilla, Not Crushed or Ground to Portugal in 2022:
- Spain (2118.0 kg)
- France (1690.0 kg)
- Germany (1030.0 kg)
- Belgium (731.0 kg)
- Poland (530.0 kg)
- Austria (198.0 kg)
Exports of Spices; Vanilla, Not Crushed or Ground in Portugal
In 2022, exports of vanilla from Portugal skyrocketed to 955 kg, rising by 15% on the year before. Over the period under review, exports, however, faced a deep slump.
In value terms, exports of vanilla reduced dramatically to $75K in 2022. In general, exports, however, faced a dramatic descent. The pace of growth appeared the most rapid in 2020 when exports increased by 7.8%. As a result, the exports attained the peak of $240K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Spices; Vanilla, Not Crushed or Ground in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 171 | 239 | 93.2 | 56.9 | -30.7% |
| France | 50.0 | 0.4 | 17.6 | 12.9 | -36.3% |
| Angola | 0.6 | N/A | 3.4 | 4.9 | 101.4% |
| Luxembourg | 0.1 | 0.1 | 0.2 | 0.2 | 26.0% |
| Others | 1.3 | 0.8 | 1.7 | 0.3 | -38.7% |
| Total | 223 | 240 | 116 | 75.2 | -30.4% |
Top Export Markets for Spices; Vanilla, Not Crushed or Ground from Portugal in 2022:
- Spain (600.0 kg)
- Angola (181.0 kg)
- France (119.0 kg)
- Luxembourg (42.0 kg)
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This report provides an in-depth analysis of the vanilla market in Portugal.
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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 Portugal.
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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
