Spices; Mixtures Price in Vietnam - 2021
Contents:
- Spices; Mixtures Price in Vietnam (FOB) - 2022
- Spices; Mixtures Price in Vietnam (CIF) - 2022
- Spices; Mixtures Exports in Vietnam
- Spices; Mixtures Imports in Vietnam
Spices; Mixtures Price in Vietnam (FOB) - 2022
The average spices; mixtures export price stood at $4,374 per ton in 2022, falling by -8.8% against the previous year. Over the period under review, the export price recorded a mild decline. The pace of growth was the most pronounced in 2021 when the average export price increased by 27% against the previous year. Over the period under review, the average export prices hit record highs at $5,066 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Philippines ($8,092 per ton), while the average price for exports to India ($806 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 Philippines (+7.0%), while the prices for the other major destinations experienced more modest paces of growth.
Spices; Mixtures Price in Vietnam (CIF) - 2022
The average spices; mixtures import price stood at $6,328 per ton in 2022, almost unchanged from the previous year. In general, the import price, however, saw a perceptible reduction. The pace of growth appeared the most rapid in 2018 when the average import price increased by 8.4% against the previous year. Over the period under review, average import prices attained the peak figure at $9,283 per ton in 2012; however, from 2013 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 Japan ($12,949 per ton), while the price for Indonesia ($2,384 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+6.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Spices; Mixtures Exports in Vietnam
In 2022, spices; mixtures exports from Vietnam expanded slightly to 1.9K tons, surging by 4.6% on the year before. The total export volume increased at an average annual rate of +7.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when exports increased by 38%. As a result, the exports attained the peak of 2.1K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, spices; mixtures exports contracted slightly to $8.1M in 2022. Over the period under review, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +20.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +73.3% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 65%.
| Export of Spices; Mixtures in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 2,478 | 4,035 | 4,387 | 3,715 | 14.5% |
| United States | 276 | 737 | 1,198 | 1,134 | 60.2% |
| South Korea | 24.7 | 75.0 | 167 | 519 | 175.9% |
| Indonesia | 253 | 267 | 121 | 232 | -2.8% |
| Canada | 34.4 | 76.6 | 187 | 227 | 87.6% |
| Australia | 232 | 404 | 280 | 176 | -8.8% |
| France | 0.8 | 128 | 140 | 143 | 463.3% |
| Philippines | 925 | 1,055 | 491 | 133 | -47.6% |
| Lao People's Democratic Republic | 13.7 | 43.9 | 56.1 | 57.3 | 61.1% |
| India | 24.6 | 35.6 | 31.3 | 30.4 | 7.3% |
| Others | 421 | 867 | 1,447 | 1,748 | 60.7% |
| Total | 4,683 | 7,725 | 8,504 | 8,114 | 20.1% |
Top Export Markets for Spices; Mixtures from Vietnam in 2022:
- Saudi Arabia (1234.8 tons)
- United States (154.6 tons)
- South Korea (64.9 tons)
- Lao People's Democratic Republic (46.5 tons)
- India (37.7 tons)
- France (30.9 tons)
- Canada (28.0 tons)
- Indonesia (27.5 tons)
- Philippines (16.4 tons)
- Australia (12.9 tons)
Spices; Mixtures Imports in Vietnam
In 2022, after two years of decline, there was growth in supplies from abroad of spices; mixtureses, when their volume increased by less than 0.1% to 156 tons. Over the period under review, imports, however, continue to indicate a abrupt downturn.
In value terms, spices; mixtures imports amounted to $988K in 2022. Overall, imports, however, saw a deep contraction.
| Import of Spices; Mixtures in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 1,029 | 685 | 468 | 563 | -18.2% |
| Indonesia | 178 | 20.6 | 124 | 108 | -15.3% |
| China | 57.8 | 36.4 | 21.6 | 62.5 | 2.6% |
| Japan | 140 | 88.5 | 195 | 61.0 | -24.2% |
| Malaysia | 26.8 | 23.1 | 60.8 | 52.9 | 25.4% |
| Germany | 9.9 | 8.6 | 11.9 | 49.0 | 70.4% |
| Cote d'Ivoire | 45.0 | 39.2 | 41.3 | 38.6 | -5.0% |
| Others | 138 | 88.4 | 63.7 | 54.0 | -26.9% |
| Total | 1,624 | 990 | 986 | 988 | -15.3% |
Top Suppliers of Spices; Mixtures to Vietnam in 2022:
- Thailand (74.3 tons)
- Indonesia (45.2 tons)
- China (8.5 tons)
- Malaysia (6.8 tons)
- Cote d'Ivoire (5.2 tons)
- Germany (4.9 tons)
- Japan (4.7 tons)
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