Price for Spices; Vanilla, Not Crushed or Ground in the Czech Republic - 2023
Contents:
- Price for Spices; Vanilla, Not Crushed or Ground in the Czech Republic (FOB) - 2022
- Price for Spices; Vanilla, Not Crushed or Ground in the Czech Republic (CIF) - 2022
- Exports of Spices; Vanilla, Not Crushed or Ground in the Czech Republic
- Imports of Spices; Vanilla, Not Crushed or Ground in the Czech Republic
Price for Spices; Vanilla, Not Crushed or Ground in the Czech Republic (FOB) - 2022
The average export price for vanilla stood at $64,350 per ton in 2022, shrinking by -39.6% against the previous year. Overall, the export price faced a abrupt curtailment. The pace of growth appeared the most rapid in 2016 when the average export price increased by 91% against the previous year. The export price peaked at $351,569 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 Norway ($457,607 per ton), while the average price for exports to Germany amounted to $57,905 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+9.2%).
Price for Spices; Vanilla, Not Crushed or Ground in the Czech Republic (CIF) - 2022
In 2022, the average import price for vanilla amounted to $240,470 per ton, shrinking by -24.6% against the previous year. Over the period under review, the import price, however, continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2016 when the average import price increased by 141% against the previous year. The import price peaked at $508,808 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.
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 Poland ($315,920 per ton), while the price for Indonesia ($136,419 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+63.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Spices; Vanilla, Not Crushed or Ground in the Czech Republic
For the fourth consecutive year, the Czech Republic recorded growth in shipments abroad of vanilla, which increased by 1.9% to 46 tons in 2022. Overall, exports recorded a significant increase. The growth pace was the most rapid in 2021 when exports increased by 645% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, exports of vanilla fell notably to $3M in 2022. Over the period under review, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 230% against the previous year. As a result, the exports reached the peak of $4.8M, and then contracted markedly in the following year.
| Export of Spices; Vanilla, Not Crushed or Ground in the Czech Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 0.6 | 0.9 | 4.4 | 2.6 | 63.0% |
| Norway | 0.4 | 0.4 | 0.3 | 0.2 | -20.6% |
| Others | 0.2 | 0.2 | 0.1 | 0.1 | -20.6% |
| Total | 1.2 | 1.5 | 4.8 | 3.0 | 35.7% |
Top Export Markets for Spices; Vanilla, Not Crushed or Ground from the Czech Republic in 2022:
- Germany (45.4 tons)
- Norway (0.5 tons)
Imports of Spices; Vanilla, Not Crushed or Ground in the Czech Republic
In 2022, imports of vanilla into the Czech Republic plummeted to 11 tons, waning by -17.7% compared with the year before. In general, imports saw a mild contraction. The pace of growth appeared the most rapid in 2021 with an increase of 18%. As a result, imports attained the peak of 13 tons, and then dropped significantly in the following year.
In value terms, imports of vanilla dropped rapidly to $2.6M in 2022. Overall, imports continue to indicate a sharp decrease. The smallest decline of -9.8% was in 2020.
| Import of Spices; Vanilla, Not Crushed or Ground in the Czech Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 4,030 | 4,085 | 3,354 | 1,946 | -21.5% |
| Belgium | N/A | 343 | 208 | 199 | -23.8% |
| Austria | 28.1 | 273 | 235 | 132 | 67.5% |
| France | 17.3 | 202 | 100 | 101 | 80.1% |
| Poland | 62.8 | 114 | 82.3 | 63.5 | 0.4% |
| Uganda | 59.9 | 11.5 | 56.0 | 56.7 | -1.8% |
| Madagascar | 758 | 17.9 | 44.2 | 37.2 | -63.4% |
| Indonesia | 500 | 37.5 | 50.8 | 24.4 | -63.5% |
| Others | 268 | 76.6 | 51.9 | 33.8 | -49.9% |
| Total | 5,723 | 5,160 | 4,182 | 2,594 | -23.2% |
Top Suppliers of Spices; Vanilla, Not Crushed or Ground to the Czech Republic in 2022:
- Germany (8.1 tons)
- Belgium (0.7 tons)
- Austria (0.6 tons)
- France (0.4 tons)
- Uganda (0.3 tons)
- Madagascar (0.2 tons)
- Poland (0.2 tons)
- Indonesia (0.2 tons)
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This report provides an in-depth analysis of the vanilla market in the Czech Republic.
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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 the Czech Republic.
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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
