Price for Spices; Vanilla, Crushed or Ground in Australia - 2023
Contents:
- Price for Spices; Vanilla, Crushed or Ground in Australia (CIF) - 2022
- Price for Spices; Vanilla, Crushed or Ground in Australia (FOB) - 2022
- Imports of Spices; Vanilla, Crushed or Ground in Australia
- Exports of Spices; Vanilla, Crushed or Ground in Australia
Price for Spices; Vanilla, Crushed or Ground in Australia (CIF) - 2022
In 2022, the average import price for spices; vanilla, crushed or ground amounted to $49,166 per ton, waning by -20.5% against the previous year. Over the period under review, the import price, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2014 when the average import price increased by 104% against the previous year. The import price peaked at $61,807 per ton in 2021, and then contracted significantly in the following year.
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 Madagascar ($194,534 per ton), while the price for Indonesia ($33,915 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+33.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Vanilla, Crushed or Ground in Australia (FOB) - 2022
In 2022, the average export price for spices; vanilla, crushed or ground amounted to $16,226 per ton, falling by -72.8% against the previous year. In general, the export price continues to indicate a perceptible decline. The most prominent rate of growth was recorded in 2018 an increase of 537% against the previous year. The export price peaked at $59,641 per ton in 2021, and then contracted remarkably in the following year.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($148,174 per ton), while the average price for exports to New Zealand ($5,547 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 UK (+38.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Vanilla, Crushed or Ground in Australia
In 2022, approx. 11 tons of spices; vanilla, crushed or ground were imported into Australia; waning by -7.2% on the previous year. The total import volume increased at an average annual rate of +2.0% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 15% against the previous year. As a result, imports reached the peak of 12 tons, and then shrank in the following year.
In value terms, spices; vanilla, crushed or ground imports contracted remarkably to $564K in 2022. Over the period under review, imports recorded a pronounced decline. The pace of growth appeared the most rapid in 2021 with an increase of 37%. As a result, imports attained the peak of $763K, and then shrank notably in the following year.
| Import of Spices; Vanilla, Crushed or Ground in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 132 | 175 | 245 | 211 | 16.9% |
| Indonesia | 156 | 172 | 122 | 157 | 0.2% |
| New Zealand | 5.4 | 23.2 | 222 | 76.8 | 142.3% |
| Madagascar | N/A | 103 | 142 | 51.0 | -29.6% |
| Papua New Guinea | N/A | 16.1 | 4.5 | 33.1 | 43.4% |
| China | 110 | N/A | N/A | N/A | 0% |
| France | 57.2 | 10.4 | N/A | N/A | -81.8% |
| Others | 192 | 57.9 | 27.7 | 34.6 | -43.5% |
| Total | 653 | 557 | 763 | 564 | -4.8% |
Top Suppliers of Spices; Vanilla, Crushed or Ground to Australia in 2022:
- United States (5.3 tons)
- Indonesia (4.6 tons)
- New Zealand (0.6 tons)
- Papua New Guinea (0.5 tons)
- Madagascar (0.3 tons)
Exports of Spices; Vanilla, Crushed or Ground in Australia
In 2022, approx. 13 tons of spices; vanilla, crushed or ground were exported from Australia; jumping by 496% on 2021. In general, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, spices; vanilla, crushed or ground exports surged to $210K in 2022. Over the period under review, exports showed a perceptible expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 278% against the previous year. As a result, the exports attained the peak of $704K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Spices; Vanilla, Crushed or Ground in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | N/A | N/A | N/A | 134 | 0% |
| United States | 9.4 | 126 | 98.3 | 40.0 | 62.0% |
| China | N/A | 17.2 | N/A | 4.2 | -50.6% |
| New Zealand | 4.0 | 1.5 | 4.7 | 2.3 | -16.8% |
| Hong Kong SAR | N/A | 10.4 | 1.5 | N/A | -85.6% |
| Poland | 171 | 546 | N/A | N/A | 219.3% |
| Others | 2.2 | 2.2 | 24.9 | 29.5 | 137.6% |
| Total | 186 | 704 | 129 | 210 | 4.1% |
Top Export Markets for Spices; Vanilla, Crushed or Ground from Australia in 2022:
- China (undefined tons)
- Malaysia (11.9 tons)
- New Zealand (0.4 tons)
- United States (0.3 tons)
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This report provides an in-depth analysis of the vanilla market in Australia.
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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 Australia.
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This report provides an in-depth analysis of the global vanilla market.
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In July 2022, the vanilla price per ton stood at $140K (CIF, Australia), which is down by -8.7% against the previous month.
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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
