Price for Spices; Vanilla, Not Crushed or Ground in Spain - 2023
Contents:
- Price for Spices; Vanilla, Not Crushed or Ground in Spain (CIF) - 2022
- Price for Spices; Vanilla, Not Crushed or Ground in Spain (FOB) - 2022
- Imports of Spices; Vanilla, Not Crushed or Ground in Spain
- Exports of Spices; Vanilla, Not Crushed or Ground in Spain
Price for Spices; Vanilla, Not Crushed or Ground in Spain (CIF) - 2022
The average import price for vanilla stood at $76,861 per ton in 2022, falling by -2.2% against the previous year. In general, the import price, however, enjoyed a remarkable increase. The pace of growth was the most pronounced in 2014 when the average import price increased by 48% against the previous year. Over the period under review, average import prices attained the maximum at $78,573 per ton in 2021, and then dropped modestly in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($212,513 per ton), while the price for France ($60,094 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Vanilla, Not Crushed or Ground in Spain (FOB) - 2022
In 2022, the average export price for vanilla amounted to $24,891 per ton, falling by -43.5% against the previous year. In general, the export price, however, showed modest growth. The pace of growth appeared the most rapid in 2017 an increase of 273% against the previous year. Over the period under review, the average export prices hit record highs at $56,249 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cuba ($60,454 per ton), while the average price for exports to Bahrain ($13,786 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 the Netherlands (+15.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Vanilla, Not Crushed or Ground in Spain
In 2022, approx. 23 tons of vanilla were imported into Spain; declining by -38.8% on 2021 figures. Over the period under review, imports recorded a sharp setback. The smallest decline of -13.5% was in 2020.
In value terms, imports of vanilla declined markedly to $1.7M in 2022. Overall, imports recorded a precipitous decrease. The most prominent rate of growth was recorded in 2020 when imports increased by 2.4% against the previous year. As a result, imports attained the peak of $3.8M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Spices; Vanilla, Not Crushed or Ground in Spain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 2,446 | 2,178 | 1,722 | 1,152 | -22.2% |
| Indonesia | 544 | 520 | 496 | 298 | -18.2% |
| Germany | 264 | 334 | 196 | 147 | -17.7% |
| Others | 459 | 769 | 508 | 152 | -30.8% |
| Total | 3,713 | 3,801 | 2,922 | 1,749 | -22.2% |
Top Suppliers of Spices; Vanilla, Not Crushed or Ground to Spain in 2022:
- France (19.2 tons)
- Indonesia (1.4 tons)
- Germany (1.4 tons)
Exports of Spices; Vanilla, Not Crushed or Ground in Spain
Exports of vanilla from Spain surged to 13 tons in 2022, growing by 63% on 2021. Overall, exports posted a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 152%. Over the period under review, the exports of attained the maximum in 2022 and are likely to see steady growth in years to come.
In value terms, exports of vanilla shrank to $327K in 2022. Over the period under review, exports posted a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of 98% against the previous year. As a result, the exports attained the peak of $355K, and then contracted in the following year.
| Export of Spices; Vanilla, Not Crushed or Ground in Spain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 34.4 | 120 | 143 | 95.7 | 40.6% |
| Saudi Arabia | 17.5 | 4.3 | 28.3 | 90.2 | 72.7% |
| Portugal | 37.3 | 14.6 | 17.5 | 36.1 | -1.1% |
| Kuwait | N/A | N/A | 16.4 | 29.1 | 77.4% |
| Bahrain | N/A | 5.5 | 10.3 | 22.2 | 100.9% |
| Cuba | N/A | N/A | 20.7 | 17.0 | -17.9% |
| Netherlands | N/A | N/A | 3.5 | 6.2 | 77.1% |
| United States | 38.8 | N/A | N/A | 0.3 | -80.2% |
| Gibraltar | 2.3 | 0.4 | 0.3 | 0.3 | -49.3% |
| United Arab Emirates | N/A | N/A | 55.3 | N/A | 0% |
| Others | 86.6 | 35.0 | 59.9 | 29.4 | -30.2% |
| Total | 217 | 179 | 355 | 327 | 14.6% |
Top Export Markets for Spices; Vanilla, Not Crushed or Ground from Spain in 2022:
- France (4.4 tons)
- Saudi Arabia (2.6 tons)
- Portugal (1.9 tons)
- Bahrain (1.6 tons)
- Kuwait (1.3 tons)
- Cuba (0.3 tons)
- Netherlands (0.2 tons)
- Gibraltar (0.1 tons)
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This report provides an in-depth analysis of the vanilla market in Spain.
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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 Spain.
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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
