Price for Spices; Vanilla, Not Crushed or Ground in the Philippines - 2023
Contents:
- Price for Spices; Vanilla, Not Crushed or Ground in the Philippines (CIF) - 2022
- Imports of Spices; Vanilla, Not Crushed or Ground in the Philippines
Price for Spices; Vanilla, Not Crushed or Ground in the Philippines (CIF) - 2022
The average import price for vanilla stood at $64,625 per ton in 2022, which is down by -26.7% against the previous year. Over the period under review, the import price recorded a noticeable decline. The pace of growth was the most pronounced in 2020 an increase of 97%. Over the period under review, average import prices attained the peak figure at $96,842 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($182,286 per ton), while the price for Indonesia totaled $16,176 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+30.9%), while the prices for the other major suppliers experienced a decline.
Imports of Spices; Vanilla, Not Crushed or Ground in the Philippines
For the third consecutive year, the Philippines recorded decline in supplies from abroad of vanilla, which decreased by -78.6% to 24 kg in 2022. In general, imports saw a dramatic decrease. The smallest decline of -15.2% was in 2021.
In value terms, imports of vanilla fell rapidly to $1.6K in 2022. Overall, imports continue to indicate a sharp shrinkage. The smallest decline of -18.6% was in 2021.
| Import of Spices; Vanilla, Not Crushed or Ground in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | N/A | 3.5 | 0.3 | 1.3 | -39.1% |
| Indonesia | 0.1 | 0.1 | N/A | 0.3 | 44.2% |
| Hong Kong SAR | 17.0 | N/A | N/A | N/A | 0% |
| United States | 4.1 | 2.9 | 4.4 | N/A | 3.6% |
| France | 0.7 | 2.2 | 2.1 | N/A | 73.2% |
| United Arab Emirates | 0.8 | 0.4 | 0.4 | N/A | -29.3% |
| Singapore | 0.8 | 0.7 | 1.5 | N/A | 36.9% |
| Others | 2.9 | 2.4 | 1.1 | N/A | -38.4% |
| Total | 26.4 | 12.1 | 9.9 | 1.6 | -60.7% |
Top Suppliers of Spices; Vanilla, Not Crushed or Ground to the Philippines in 2022:
- Indonesia (17.0 kg)
- Austria (7.0 kg)
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This report provides an in-depth analysis of the vanilla market in the Philippines.
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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 Philippines.
15897
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
