Price for Spices; Vanilla, Not Crushed or Ground in Sri Lanka - 2022
Contents:
- Price for Spices; Vanilla, Not Crushed or Ground in Sri Lanka (FOB) - 2022
- Price for Spices; Vanilla, Not Crushed or Ground in Sri Lanka (CIF) - 2022
- Exports of Spices; Vanilla, Not Crushed or Ground in Sri Lanka
- Imports of Spices; Vanilla, Not Crushed or Ground in Sri Lanka
Price for Spices; Vanilla, Not Crushed or Ground in Sri Lanka (FOB) - 2022
In 2022, the average export price for vanilla amounted to $156,529 per ton, falling by -35.4% against the previous year. Over the period under review, the export price, however, posted a strong expansion. The pace of growth appeared the most rapid in 2018 an increase of 159%. The export price peaked at $242,454 per ton in 2021, and then plummeted in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($624,800 per ton), while the average price for exports to Japan ($6,000 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 Italy (+33.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Spices; Vanilla, Not Crushed or Ground in Sri Lanka (CIF) - 2022
In 2022, the average import price for vanilla amounted to $5,500 per ton, falling by -78.9% against the previous year. In general, the import price continues to indicate a abrupt downturn. The pace of growth was the most pronounced in 2021 an increase of 646%. The import price peaked at $29,546 per ton in 2012; however, from 2013 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 France ($9,000 per ton), while the price for Australia stood at $2,000 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+19.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Spices; Vanilla, Not Crushed or Ground in Sri Lanka
Exports of vanilla from Sri Lanka contracted to 620 kg in 2022, dropping by -14% compared with 2021 figures. Over the period under review, exports faced a precipitous decline. The pace of growth was the most pronounced in 2021 when exports increased by 16% against the previous year.
In value terms, exports of vanilla fell markedly to $97K in 2022. In general, exports saw a dramatic shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 32%.
| Export of Spices; Vanilla, Not Crushed or Ground in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 29.2 | 15.3 | 12.1 | 32.0 | 3.1% |
| United States | 20.9 | 0.5 | 20.5 | 22.6 | 2.6% |
| Belgium | 1.9 | 1.9 | 5.1 | 13.8 | 93.7% |
| Australia | 0.4 | 0.1 | 0.1 | 8.7 | 179.1% |
| Poland | 2.9 | 2.8 | 7.1 | 5.3 | 22.3% |
| France | 11.7 | 7.7 | 15.0 | 4.6 | -26.7% |
| Italy | 11.2 | 8.8 | 15.0 | 3.1 | -34.8% |
| New Zealand | 34.2 | 13.7 | 5.9 | 0.9 | -70.3% |
| Canada | 5.5 | 3.5 | 1.2 | 0.8 | -47.4% |
| Argentina | 13.6 | 42.8 | 35.3 | N/A | 61.1% |
| Taiwan (Chinese) | 8.0 | 2.3 | 0.1 | N/A | -88.8% |
| Maldives | 0.5 | 0.2 | N/A | N/A | -60.0% |
| Others | 143 | 32.3 | 57.4 | 5.2 | -66.9% |
| Total | 283 | 132 | 175 | 97.0 | -30.0% |
Top Export Markets for Spices; Vanilla, Not Crushed or Ground from Sri Lanka in 2022:
- Australia (197.0 kg)
- India (193.0 kg)
- United States (102.0 kg)
- Belgium (35.0 kg)
- Canada (25.0 kg)
- Poland (24.0 kg)
- France (8.0 kg)
- New Zealand (7.0 kg)
- Italy (5.0 kg)
- Maldives (3.0 kg)
Imports of Spices; Vanilla, Not Crushed or Ground in Sri Lanka
In 2022, purchases abroad of vanilla decreased by -99.6% to 2 kg, falling for the second year in a row after two years of growth. Overall, imports saw a precipitous contraction. The most prominent rate of growth was recorded in 2020 with an increase of 5,289%. As a result, imports attained the peak of 87 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of vanilla fell dramatically to $11 in 2022. In general, imports continue to indicate a sharp slump. The growth pace was the most rapid in 2020 with an increase of 1,218% against the previous year. As a result, imports attained the peak of $305K. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Spices; Vanilla, Not Crushed or Ground in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 4.4 | 5.0 | 1.7 | N/A | -37.8% |
| France | 4.7 | 7.3 | 4.3 | N/A | -4.3% |
| Papua New Guinea | 11.4 | 292 | N/A | N/A | 2461.4% |
| Australia | N/A | N/A | N/A | N/A | 0% |
| Others | 2.6 | 0.4 | 5.7 | N/A | 48.1% |
| Total | 23.1 | 305 | 11.7 | N/A | -28.8% |
Top Suppliers of Spices; Vanilla, Not Crushed or Ground to Sri Lanka in 2022:
- Australia (1.0 kg)
- France (1.0 kg)
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This report provides an in-depth analysis of the vanilla market in Sri Lanka.
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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 Sri Lanka.
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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
