Price for Spices; Vanilla, Crushed or Ground in Spain - 2023
Contents:
- Price for Spices; Vanilla, Crushed or Ground in Spain (CIF) - 2022
- Price for Spices; Vanilla, Crushed or Ground in Spain (FOB) - 2022
- Imports of Spices; Vanilla, Crushed or Ground in Spain
- Exports of Spices; Vanilla, Crushed or Ground in Spain
Price for Spices; Vanilla, Crushed or Ground in Spain (CIF) - 2022
In 2022, the average import price for spices; vanilla, crushed or ground amounted to $34,077 per ton, with an increase of 71% against the previous year. In general, the import price continues to indicate a remarkable increase. The pace of growth appeared the most rapid in 2014 when the average import price increased by 121% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was New Zealand ($54,025 per ton), while the price for Poland ($1,193 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+46.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Vanilla, Crushed or Ground in Spain (FOB) - 2022
In 2022, the average export price for spices; vanilla, crushed or ground amounted to $2,038 per ton, shrinking by -5.4% against the previous year. Over the period under review, the export price continues to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2018 an increase of 179%. As a result, the export price reached the peak level of $9,873 per ton. From 2019 to 2022, the average export prices failed to regain momentum.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Cuba ($2,019 per ton), while the average price for exports to France stood at $1,447 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+1.2%), while the prices for the other major destinations experienced a decline.
Imports of Spices; Vanilla, Crushed or Ground in Spain
For the third consecutive year, Spain recorded decline in overseas purchases of spices; vanilla, crushed or ground, which decreased by -22% to 22 tons in 2022. Over the period under review, imports showed a sharp decline.
In value terms, spices; vanilla, crushed or ground imports skyrocketed to $760K in 2022. In general, imports saw a pronounced setback.
| Import of Spices; Vanilla, Crushed or Ground in Spain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 519 | 494 | 423 | 598 | 4.8% |
| New Zealand | 59.5 | 79.8 | 63.9 | 66.1 | 3.6% |
| Greece | 119 | 78.5 | 39.1 | 43.5 | -28.5% |
| Germany | 59.0 | 66.5 | 24.1 | 14.3 | -37.7% |
| United States | 47.9 | 15.0 | 12.0 | 10.0 | -40.7% |
| Poland | 0.1 | 0.4 | 0.3 | 0.6 | 81.7% |
| Others | 4.1 | 22.6 | 8.9 | 27.1 | 87.7% |
| Total | 809 | 757 | 571 | 760 | -2.1% |
Top Suppliers of Spices; Vanilla, Crushed or Ground to Spain in 2022:
- France (16.6 tons)
- United States (1.6 tons)
- Greece (1.3 tons)
- New Zealand (1.2 tons)
- Germany (0.7 tons)
- Poland (0.5 tons)
Exports of Spices; Vanilla, Crushed or Ground in Spain
After three years of growth, shipments abroad of spices; vanilla, crushed or ground decreased by -26% to 35 tons in 2022. Over the period under review, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 245%.
In value terms, spices; vanilla, crushed or ground exports reduced notably to $71K in 2022. In general, exports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 160% against the previous year.
| Export of Spices; Vanilla, Crushed or Ground in Spain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 6.9 | 33.4 | 77.4 | 47.5 | 90.2% |
| Cuba | 3.7 | N/A | 0.1 | 1.5 | -26.0% |
| Saudi Arabia | N/A | 13.8 | 17.9 | N/A | 29.7% |
| Others | 11.3 | 9.6 | 5.6 | 21.8 | 24.5% |
| Total | 21.9 | 56.8 | 101 | 70.8 | 47.9% |
Top Export Markets for Spices; Vanilla, Crushed or Ground from Spain in 2022:
- France (32.9 tons)
- Cuba (0.7 tons)
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This report provides an in-depth analysis of the vanilla market in Spain.
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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 Spain.
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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
