Price for Spices; Vanilla, Not Crushed or Ground in Finland - 2023
Contents:
- Price for Spices; Vanilla, Not Crushed or Ground in Finland (CIF) - 2022
- Price for Spices; Vanilla, Not Crushed or Ground in Finland (FOB) - 2022
- Imports of Spices; Vanilla, Not Crushed or Ground in Finland
- Exports of Spices; Vanilla, Not Crushed or Ground in Finland
Price for Spices; Vanilla, Not Crushed or Ground in Finland (CIF) - 2022
The average import price for vanilla stood at $183,214 per ton in 2022, increasing by 2.1% against the previous year. In general, the import price recorded a buoyant increase. The most prominent rate of growth was recorded in 2017 an increase of 133% against the previous year. Over the period under review, average import prices attained the peak figure at $248,052 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
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 France ($475,291 per ton), while the price for Denmark ($96,964 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+18.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Vanilla, Not Crushed or Ground in Finland (FOB) - 2022
The average export price for vanilla stood at $405,400 per ton in 2022, dropping by -31.1% against the previous year. Over the period under review, the export price saw a drastic downturn. The growth pace was the most rapid in 2018 when the average export price increased by 1,226% against the previous year. Over the period under review, the average export prices hit record highs at $784,067 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Estonia.
From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to +2.3% per year.
Imports of Spices; Vanilla, Not Crushed or Ground in Finland
In 2022, purchases abroad of vanilla decreased by -25.2% to 1.9 tons, falling for the second consecutive year after two years of growth. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 92% against the previous year. As a result, imports reached the peak of 3.6 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of vanilla fell markedly to $352K in 2022. Overall, imports saw a abrupt contraction. The pace of growth appeared the most rapid in 2020 with an increase of 26%. As a result, imports reached the peak of $593K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Spices; Vanilla, Not Crushed or Ground in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 199 | 305 | 181 | 149 | -9.2% |
| Denmark | N/A | 153 | 140 | 102 | -18.4% |
| Sweden | 118 | 61.1 | 90.9 | 58.1 | -21.0% |
| France | N/A | 57.7 | 33.6 | 26.1 | -32.7% |
| Belgium | N/A | 10.7 | 9.5 | 7.8 | -14.6% |
| Australia | 24.1 | N/A | 0.6 | 0.2 | -79.8% |
| Others | 128 | 5.1 | 6.0 | 8.9 | -58.9% |
| Total | 469 | 593 | 461 | 352 | -9.1% |
Top Suppliers of Spices; Vanilla, Not Crushed or Ground to Finland in 2022:
- Denmark (1049.0 kg)
- Germany (505.0 kg)
- Sweden (218.0 kg)
- Belgium (56.0 kg)
- France (55.0 kg)
- Australia (2.0 kg)
Exports of Spices; Vanilla, Not Crushed or Ground in Finland
In 2022, exports of vanilla from Finland dropped rapidly to 5 kg, reducing by -37.5% compared with 2021. Over the period under review, exports showed a dramatic slump. The smallest decline of -20% was in 2021.
In value terms, exports of vanilla fell dramatically to $2K in 2022. Overall, exports faced a dramatic curtailment. The smallest decline of -35.5% was in 2020.
| Export of Spices; Vanilla, Not Crushed or Ground in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | 11.8 | 7.5 | 4.6 | 2.0 | -44.7% |
| Sweden | N/A | N/A | 0.1 | N/A | 0% |
| United States | N/A | 0.1 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 11.8 | 7.6 | 4.7 | 2.0 | -44.7% |
Top Export Markets for Spices; Vanilla, Not Crushed or Ground from Finland in 2022:
- Estonia (5.0 kg)
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This report provides an in-depth analysis of the vanilla market in Finland.
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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 Finland.
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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
