Price for Spices; Vanilla, Not Crushed or Ground in Hungary - 2023
Contents:
- Price for Spices; Vanilla, Not Crushed or Ground in Hungary (CIF) - 2022
- Price for Spices; Vanilla, Not Crushed or Ground in Hungary (FOB) - 2022
- Imports of Spices; Vanilla, Not Crushed or Ground in Hungary
- Exports of Spices; Vanilla, Not Crushed or Ground in Hungary
Price for Spices; Vanilla, Not Crushed or Ground in Hungary (CIF) - 2022
The average import price for vanilla stood at $174,133 per ton in 2022, dropping by -25.3% against the previous year. In general, the import price, however, recorded resilient growth. The growth pace was the most rapid in 2013 an increase of 87%. Over the period under review, average import prices attained the maximum at $391,982 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($480,864 per ton), while the price for Australia ($38,217 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+300.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Vanilla, Not Crushed or Ground in Hungary (FOB) - 2022
In 2022, the average export price for vanilla amounted to $51,005 per ton, shrinking by -83.3% against the previous year. In general, the export price faced a abrupt decline. The growth pace was the most rapid in 2020 an increase of 170% against the previous year. Over the period under review, the average export prices attained the maximum at $444,096 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Romania ($327,143 per ton), while the average price for exports to Italy ($27,268 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 Romania (+14.6%), while the prices for the other major destinations experienced a decline.
Imports of Spices; Vanilla, Not Crushed or Ground in Hungary
In 2022, the amount of vanilla imported into Hungary surged to 1.9 tons, with an increase of 24% on the previous year. In general, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +25.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +95.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 46%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of vanilla reduced to $338K in 2022. Over the period under review, imports, however, saw a noticeable contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 33% against the previous year. As a result, imports reached the peak of $512K. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Spices; Vanilla, Not Crushed or Ground in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 116 | 212 | 129 | 144 | 7.5% |
| Uganda | 93.9 | 175 | 87.2 | 127 | 10.6% |
| Madagascar | 47.9 | 54.3 | 72.3 | 30.8 | -13.7% |
| Austria | 65.0 | 45.1 | 56.5 | 10.6 | -45.4% |
| Indonesia | 31.1 | 11.9 | 7.7 | 4.8 | -46.4% |
| Australia | 3.5 | 0.7 | 1.4 | 4.4 | 7.9% |
| France | 13.4 | 3.7 | 4.1 | 3.2 | -38.0% |
| Others | 14.5 | 9.8 | 7.8 | 12.9 | -3.8% |
| Total | 385 | 512 | 366 | 338 | -4.2% |
Top Suppliers of Spices; Vanilla, Not Crushed or Ground to Hungary in 2022:
- Uganda (1103.0 kg)
- Germany (470.0 kg)
- Madagascar (143.0 kg)
- Australia (115.0 kg)
- Indonesia (28.0 kg)
- France (22.0 kg)
- Austria (22.0 kg)
Exports of Spices; Vanilla, Not Crushed or Ground in Hungary
In 2022, exports of vanilla from Hungary soared to 216 kg, growing by 110% on the previous year. Over the period under review, exports, however, showed a drastic downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 312%.
In value terms, exports of vanilla shrank remarkably to $11K in 2022. In general, exports, however, showed a sharp descent. The growth pace was the most rapid in 2021 when exports increased by 283% against the previous year.
| Export of Spices; Vanilla, Not Crushed or Ground in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | 3.8 | 1.4 | 6.8 | 2.3 | -15.4% |
| Slovakia | 9.0 | 0.2 | 0.3 | 2.0 | -39.4% |
| Czech Republic | N/A | N/A | N/A | 1.8 | 0% |
| Greece | N/A | N/A | 4.7 | 1.7 | -63.8% |
| Slovenia | N/A | N/A | N/A | 1.5 | 0% |
| Italy | N/A | N/A | N/A | 1.1 | 0% |
| Germany | N/A | N/A | 16.2 | 0.3 | -98.1% |
| Bosnia and Herzegovina | 3.4 | 4.8 | 3.0 | N/A | -6.1% |
| United States | 11.4 | N/A | N/A | N/A | 0% |
| Serbia | 8.1 | N/A | N/A | N/A | 0% |
| Others | 0.2 | 1.8 | 0.3 | 0.5 | 35.7% |
| Total | 35.8 | 8.2 | 31.4 | 11.0 | -32.5% |
Top Export Markets for Spices; Vanilla, Not Crushed or Ground from Hungary in 2022:
- Slovakia (66.0 kg)
- Czech Republic (64.0 kg)
- Italy (41.0 kg)
- Slovenia (26.0 kg)
- Greece (8.0 kg)
- Romania (7.0 kg)
- Germany (1.0 kg)
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This report provides an in-depth analysis of the vanilla market in Hungary.
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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 Hungary.
16025
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
2225
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
