Price for Spices; Vanilla, Not Crushed or Ground in Ghana - 2022
Contents:
- Price for Spices; Vanilla, Not Crushed or Ground in Ghana (CIF) - 2022
- Price for Spices; Vanilla, Not Crushed or Ground in Ghana (FOB) - 2022
- Imports of Spices; Vanilla, Not Crushed or Ground in Ghana
- Exports of Spices; Vanilla, Not Crushed or Ground in Ghana
Price for Spices; Vanilla, Not Crushed or Ground in Ghana (CIF) - 2022
The average import price for vanilla stood at $9,577 per ton in 2022, waning by -16.6% against the previous year. Overall, the import price, however, posted noticeable growth. The growth pace was the most rapid in 2016 when the average import price increased by 189%. As a result, import price reached the peak level of $15,234 per ton. From 2017 to 2022, the average import prices remained 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 Luxembourg ($41,739 per ton), while the price for the United Arab Emirates amounted to $32 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Luxembourg (+19.8%), while the prices for the other major suppliers experienced a decline.
Price for Spices; Vanilla, Not Crushed or Ground in Ghana (FOB) - 2022
In 2021, the average export price for vanilla amounted to $18,735 per ton, approximately equating the previous year. Overall, the export price showed a abrupt decrease. The most prominent rate of growth was recorded in 2020 when the average export price decreased by 99.9%. Over the period under review, the average export prices attained the maximum at $37,692 per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for the UK.
From 2016 to 2021, the rate of growth in terms of prices for Israel amounted to 0.0% per year.
Imports of Spices; Vanilla, Not Crushed or Ground in Ghana
Imports of vanilla into Ghana skyrocketed to 201 kg in 2022, increasing by 95% on the previous year's figure. Overall, imports, however, recorded a perceptible reduction.
In value terms, imports of vanilla surged to $1.9K in 2022. Over the period under review, imports enjoyed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Spices; Vanilla, Not Crushed or Ground in Ghana (USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Luxembourg | 274 | 373 | 1,182 | 1,920 | 91.4% |
United Arab Emirates | N/A | N/A | N/A | 5.0 | 0% |
Denmark | N/A | N/A | 1.0 | N/A | 0% |
Uganda | 479 | N/A | N/A | N/A | 0% |
Netherlands | 240 | N/A | N/A | N/A | 0% |
Others | N/A | 715 | N/A | N/A | 0% |
Total | 993 | 1,088 | 1,183 | 1,925 | 24.7% |
Top Suppliers of Spices; Vanilla, Not Crushed or Ground to Ghana in 2022:
- United Arab Emirates (155.0 kg)
- Luxembourg (46.0 kg)
Exports of Spices; Vanilla, Not Crushed or Ground in Ghana
In 2021, exports of vanilla from Ghana stood at 102 kg, approximately mirroring the previous year. In general, exports enjoyed significant growth. The smallest decline of 99.9% was in 2020. The exports peaked in 2021 and are expected to retain growth in years to come.
In value terms, exports of vanilla amounted to $1.9K in 2021. Over the period under review, exports enjoyed a significant expansion. The smallest decline of 99.9% was in 2020. The exports peaked in 2021 and are likely to continue growth in years to come.
Export of Spices; Vanilla, Not Crushed or Ground in Ghana (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
United Kingdom | N/A | N/A | 1.9 | 0% | |
South Africa | 1.0 | N/A | N/A | 0% | |
Others | N/A | N/A | N/A | 0% | |
Total | 1.0 | N/A | 1.9 | 37.8% |
Top Export Markets for Spices; Vanilla, Not Crushed or Ground from Ghana in 2022:
- United Kingdom (102.0 kg)
This report provides an in-depth analysis of the vanilla market in Ghana.
This report provides an in-depth analysis of the global vanilla market.
This report provides an in-depth analysis of the vanilla market in Ghana.
This report provides an in-depth analysis of the global vanilla market.
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
Global vanilla consumption amounted to X thousand tons in 2015, stabilizing at the previous year level.
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
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
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.
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.
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
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.
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
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