Price for Spices; Vanilla, Not Crushed or Ground in Tanzania - 2022
Contents:
- Price for Spices; Vanilla, Not Crushed or Ground in Tanzania (FOB) - 2022
- Price for Spices; Vanilla, Not Crushed or Ground in Tanzania (CIF) - 2022
- Exports of Spices; Vanilla, Not Crushed or Ground in Tanzania
- Imports of Spices; Vanilla, Not Crushed or Ground in Tanzania
Price for Spices; Vanilla, Not Crushed or Ground in Tanzania (FOB) - 2022
The average export price for vanilla stood at $108,040 per ton in 2022, which is down by -5.8% against the previous year. Overall, the export price, however, saw resilient growth. The pace of growth appeared the most rapid in 2019 when the average export price increased by 143% against the previous year. As a result, the export price attained the peak level of $396,634 per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($148,786 per ton), while the average price for exports to Russia ($85,000 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 Israel (+21.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Spices; Vanilla, Not Crushed or Ground in Tanzania (CIF) - 2022
In 2022, the average import price for vanilla amounted to $3,828 per ton, picking up by 5.5% against the previous year. In general, the import price, however, faced a abrupt shrinkage. The pace of growth appeared the most rapid in 2017 when the average import price increased by 117% against the previous year. The import price peaked at $26,394 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Uganda.
From 2012 to 2022, the rate of growth in terms of prices for Uganda amounted to -25.7% per year.
Exports of Spices; Vanilla, Not Crushed or Ground in Tanzania
After three years of growth, shipments abroad of vanilla decreased by -72.8% to 3 tons in 2022. Overall, exports, however, posted significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 790% against the previous year. As a result, the exports attained the peak of 11 tons, and then shrank dramatically in the following year.
In value terms, exports of vanilla reduced notably to $321K in 2022. In general, exports, however, continue to indicate a moderate expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 305%. As a result, the exports attained the peak of $1.3M, and then shrank sharply in the following year.
| Export of Spices; Vanilla, Not Crushed or Ground in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 152 | 199 | 1,036 | 276 | 22.0% |
| Germany | N/A | 0.7 | 2.0 | 20.8 | 445.1% |
| Israel | N/A | 0.5 | 10.4 | 19.5 | 524.5% |
| Russia | N/A | N/A | N/A | 4.3 | 0% |
| Others | 148 | 109 | 204 | 0.9 | -81.7% |
| Total | 300 | 309 | 1,252 | 321 | 2.3% |
Top Export Markets for Spices; Vanilla, Not Crushed or Ground from Tanzania in 2022:
- United States (2643.0 kg)
- Germany (140.0 kg)
- Israel (131.0 kg)
- Russia (50.0 kg)
Imports of Spices; Vanilla, Not Crushed or Ground in Tanzania
In 2022, imports of vanilla into Tanzania surged to 56 tons, picking up by 185% on 2021. Over the period under review, imports saw a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 34,418%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, imports of vanilla soared to $215K in 2022. Overall, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 36,897%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the near future.
| Import of Spices; Vanilla, Not Crushed or Ground in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Uganda | 0.3 | 0.2 | 70.6 | 215 | 794.9% |
| India | N/A | N/A | 0.4 | N/A | 0% |
| Others | N/A | N/A | 0.4 | N/A | 0% |
| Total | 0.3 | 0.2 | 71.4 | 215 | 794.9% |
Top Suppliers of Spices; Vanilla, Not Crushed or Ground to Tanzania in 2022:
- Uganda (56.1 tons)
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This report provides an in-depth analysis of the vanilla market in Tanzania.
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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 Tanzania.
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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
