Price for Spices; Vanilla, Not Crushed or Ground in Bahrain - 2022
Contents:
- Price for Spices; Vanilla, Not Crushed or Ground in Bahrain (CIF) - 2022
- Price for Spices; Vanilla, Not Crushed or Ground in Bahrain (FOB) - 2022
- Imports of Spices; Vanilla, Not Crushed or Ground in Bahrain
- Exports of Spices; Vanilla, Not Crushed or Ground in Bahrain
Price for Spices; Vanilla, Not Crushed or Ground in Bahrain (CIF) - 2022
In 2022, the average import price for vanilla amounted to $44,689 per ton, picking up by 129% against the previous year. In general, the import price showed a significant expansion. The most prominent rate of growth was recorded in 2019 when the average import price increased by 199% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Madagascar ($432,690 per ton), while the price for India ($2,120 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Madagascar (+34.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Vanilla, Not Crushed or Ground in Bahrain (FOB) - 2022
The average export price for vanilla stood at $19,365 per ton in 2022, picking up by 130% against the previous year. Overall, the export price posted buoyant growth. Over the period under review, the average export prices attained the maximum at $25,861 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Jordan ($470,000 per ton), while the average price for exports to Saudi Arabia ($5,260 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+49.3%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Spices; Vanilla, Not Crushed or Ground in Bahrain
In 2022, overseas purchases of vanilla decreased by -26.5% to 1.6 tons, falling for the second year in a row after two years of growth. Over the period under review, imports, however, posted a resilient expansion. The growth pace was the most rapid in 2020 with an increase of 451%. As a result, imports reached the peak of 7.2 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of vanilla surged to $70K in 2022. Overall, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 130% against the previous year. As a result, imports reached the peak of $85K. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Spices; Vanilla, Not Crushed or Ground in Bahrain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 11.7 | 27.0 | 3.0 | 44.5 | 56.1% |
| Madagascar | 1.0 | 6.7 | 11.4 | 18.2 | 163.0% |
| Indonesia | 0.1 | 0.6 | 0.7 | 2.3 | 184.4% |
| United Kingdom | 1.1 | 3.0 | 1.2 | 2.2 | 26.0% |
| Comoros | N/A | N/A | 0.5 | 1.7 | 240.0% |
| Saudi Arabia | 4.5 | 6.3 | 0.5 | 1.4 | -32.2% |
| India | 1.0 | 6.5 | 0.1 | 0.1 | -53.6% |
| Spain | 1.4 | 6.7 | 1.7 | N/A | 10.2% |
| China | 2.7 | 8.6 | 3.8 | N/A | 18.6% |
| United Arab Emirates | 0.1 | 0.3 | 6.8 | N/A | 724.6% |
| Others | 13.4 | 19.3 | 12.2 | 0.1 | -80.5% |
| Total | 37.0 | 85.0 | 42.0 | 70.5 | 24.0% |
Top Suppliers of Spices; Vanilla, Not Crushed or Ground to Bahrain in 2022:
- France (702.0 kg)
- Comoros (309.0 kg)
- United Kingdom (307.0 kg)
- Saudi Arabia (103.0 kg)
- Indonesia (62.0 kg)
- India (50.0 kg)
- Madagascar (42.0 kg)
Exports of Spices; Vanilla, Not Crushed or Ground in Bahrain
Exports of vanilla from Bahrain skyrocketed to 52 kg in 2022, growing by 225% on 2021. Over the period under review, exports, however, showed a dramatic decrease.
In value terms, exports of vanilla surged to $1K in 2022. Overall, exports, however, saw a precipitous slump.
| Export of Spices; Vanilla, Not Crushed or Ground in Bahrain (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Jordan | N/A | N/A | 470 | 0% | |
| Oman | N/A | N/A | 274 | 0% | |
| Saudi Arabia | N/A | 94.0 | 263 | 179.8% | |
| Kuwait | 3,095 | N/A | N/A | 0% | |
| United States | 810 | N/A | N/A | 0% | |
| Others | N/A | 41.0 | N/A | 0% | |
| Total | 3,905 | 135 | 1,007 | -49.2% | |
Top Export Markets for Spices; Vanilla, Not Crushed or Ground from Bahrain in 2022:
- Saudi Arabia (50.0 kg)
- Oman (1.0 kg)
- Jordan (1.0 kg)
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This report provides an in-depth analysis of the vanilla market in Bahrain.
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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 Bahrain.
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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
