Price for Spices; Vanilla, Not Crushed or Ground in Slovakia - 2023
Contents:
- Price for Spices; Vanilla, Not Crushed or Ground in Slovakia (CIF) - 2022
- Price for Spices; Vanilla, Not Crushed or Ground in Slovakia (FOB) - 2022
- Imports of Spices; Vanilla, Not Crushed or Ground in Slovakia
- Exports of Spices; Vanilla, Not Crushed or Ground in Slovakia
Price for Spices; Vanilla, Not Crushed or Ground in Slovakia (CIF) - 2022
The average import price for vanilla stood at $127,769 per ton in 2022, which is down by -41.9% against the previous year. In general, the import price, however, showed a notable expansion. The pace of growth appeared the most rapid in 2018 an increase of 289% against the previous year. Over the period under review, average import prices attained the peak figure at $408,997 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($339,736 per ton), while the price for the Czech Republic ($36,956 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Vanilla, Not Crushed or Ground in Slovakia (FOB) - 2022
The average export price for vanilla stood at $427,077 per ton in 2022, surging by 95% against the previous year. Overall, the export price posted a resilient expansion. The most prominent rate of growth was recorded in 2021 an increase of 2,086%. The export price peaked at $865,143 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 external markets. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($443,520 per ton), while the average price for exports to Austria stood at $16,000 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (-1.8%), while the prices for the other major destinations experienced a decline.
Imports of Spices; Vanilla, Not Crushed or Ground in Slovakia
In 2022, overseas purchases of vanilla decreased by -7.7% to 667 kg for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, posted a significant increase. The growth pace was the most rapid in 2020 when imports increased by 78%.
In value terms, imports of vanilla dropped notably to $85K in 2022. In general, imports faced a abrupt contraction. The pace of growth was the most pronounced in 2020 with an increase of 27% against the previous year. As a result, imports attained the peak of $159K. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Spices; Vanilla, Not Crushed or Ground in Slovakia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 84.8 | 112 | 101 | 54.0 | -14.0% |
| Czech Republic | 2.7 | 25.8 | 23.4 | 15.3 | 78.3% |
| France | 1.5 | N/A | 2.8 | 8.6 | 79.0% |
| Austria | 2.3 | 20.8 | 29.4 | 3.1 | 10.5% |
| Hungary | N/A | N/A | N/A | 1.8 | 0% |
| Tanzania | 18.9 | N/A | N/A | N/A | 0% |
| Madagascar | 13.0 | N/A | N/A | N/A | 0% |
| Others | 2.0 | 0.1 | 2.7 | 2.4 | 6.3% |
| Total | 125 | 159 | 159 | 85.2 | -12.0% |
Top Suppliers of Spices; Vanilla, Not Crushed or Ground to Slovakia in 2022:
- Czech Republic (413.0 kg)
- Germany (159.0 kg)
- France (42.0 kg)
- Austria (20.0 kg)
- Hungary (18.0 kg)
Exports of Spices; Vanilla, Not Crushed or Ground in Slovakia
Exports of vanilla from Slovakia shrank rapidly to 26 kg in 2022, declining by -40.9% against the year before. Overall, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 4,300%. As a result, the exports attained the peak of 44 kg, and then dropped notably in the following year.
In value terms, exports of vanilla surged to $11K in 2022. Over the period under review, exports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 96,070% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.
| Export of Spices; Vanilla, Not Crushed or Ground in Slovakia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | N/A | N/A | 9.6 | 11.1 | 15.6% |
| Hungary | 0.1 | N/A | N/A | N/A | 0% |
| Austria | N/A | N/A | N/A | N/A | 0% |
| United Kingdom | N/A | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 0.1 | N/A | 9.6 | 11.1 | 380.6% |
Top Export Markets for Spices; Vanilla, Not Crushed or Ground from Slovakia in 2022:
- Czech Republic (25.0 kg)
- Austria (1.0 kg)
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This report provides an in-depth analysis of the vanilla market in Slovakia.
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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 Slovakia.
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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
