Price for Spices; Vanilla, Not Crushed or Ground in Uganda - 2022
Contents:
- Price for Spices; Vanilla, Not Crushed or Ground in Uganda (FOB) - 2022
- Price for Spices; Vanilla, Not Crushed or Ground in Uganda (CIF) - 2022
- Exports of Spices; Vanilla, Not Crushed or Ground in Uganda
- Imports of Spices; Vanilla, Not Crushed or Ground in Uganda
Price for Spices; Vanilla, Not Crushed or Ground in Uganda (FOB) - 2022
In 2022, the average export price for vanilla amounted to $124,092 per ton, declining by -2% against the previous year. Over the period under review, the export price, however, continues to indicate a remarkable increase. The pace of growth appeared the most rapid in 2018 an increase of 69% against the previous year. The export price peaked at $322,449 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was India ($231,965 per ton), while the average price for exports to Tanzania ($11,059 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 UK (+33.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Spices; Vanilla, Not Crushed or Ground in Uganda (CIF) - 2022
In 2022, the average import price for vanilla amounted to $795 per ton, waning by -94.6% against the previous year. Over the period under review, the import price faced a deep slump. The pace of growth was the most pronounced in 2021 an increase of 286% against the previous year. As a result, import price attained the peak level of $14,745 per ton, and then contracted notably in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($12,833 per ton), while the price for the United Arab Emirates ($731 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Democratic Republic of the Congo (+38.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Spices; Vanilla, Not Crushed or Ground in Uganda
In 2022, after two years of decline, there was significant growth in shipments abroad of vanilla, when their volume increased by 421% to 349 tons. Overall, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of vanilla skyrocketed to $43M in 2022. Over the period under review, exports enjoyed a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Spices; Vanilla, Not Crushed or Ground in Uganda (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 3.1 | 3.0 | 2.1 | 10.1 | 48.2% |
| Germany | 2.9 | 2.5 | 1.0 | 8.2 | 41.4% |
| Netherlands | 0.9 | 0.4 | 0.2 | 5.7 | 85.0% |
| United States | 8.9 | 2.1 | 1.3 | 4.3 | -21.5% |
| Switzerland | 5.2 | 1.3 | 1.6 | 3.0 | -16.8% |
| Canada | 1.8 | 7.2 | 0.1 | 2.8 | 15.9% |
| Tanzania | 0.1 | 0.1 | 0.5 | 0.7 | 91.3% |
| Others | 6.2 | 2.3 | 1.7 | 8.7 | 12.0% |
| Total | 29.1 | 18.9 | 8.5 | 43.3 | 14.2% |
Top Export Markets for Spices; Vanilla, Not Crushed or Ground from Uganda in 2022:
- France (74.2 tons)
- Tanzania (59.2 tons)
- Germany (55.3 tons)
- Netherlands (33.2 tons)
- Canada (27.9 tons)
- United States (23.4 tons)
- Switzerland (18.5 tons)
Imports of Spices; Vanilla, Not Crushed or Ground in Uganda
For the fourth year in a row, Uganda recorded growth in overseas purchases of vanilla, which increased by 1,422% to 37 tons in 2022. Over the period under review, imports posted a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of vanilla fell markedly to $30K in 2022. Overall, imports recorded a significant increase. The growth pace was the most rapid in 2021 when imports increased by 344% against the previous year. As a result, imports attained the peak of $36K, and then contracted dramatically in the following year.
| Import of Spices; Vanilla, Not Crushed or Ground in Uganda (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | N/A | 2.3 | 0.1 | 27.2 | 243.9% |
| United States | 2.6 | 0.5 | 11.8 | 0.2 | -57.5% |
| Denmark | N/A | 0.1 | 2.3 | 0.1 | 0.0% |
| Others | 1.2 | 5.3 | 21.9 | 2.2 | 22.4% |
| Total | 3.9 | 8.1 | 36.2 | 29.7 | 96.7% |
Top Suppliers of Spices; Vanilla, Not Crushed or Ground to Uganda in 2022:
- United Arab Emirates (37.3 tons)
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This report provides an in-depth analysis of the vanilla market in Uganda.
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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 Uganda.
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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
