Price for Spices; Vanilla, Not Crushed or Ground in France - 2023
Contents:
- Price for Spices; Vanilla, Not Crushed or Ground in France (CIF) - 2022
- Price for Spices; Vanilla, Not Crushed or Ground in France (FOB) - 2022
- Imports of Spices; Vanilla, Not Crushed or Ground in France
- Exports of Spices; Vanilla, Not Crushed or Ground in France
Price for Spices; Vanilla, Not Crushed or Ground in France (CIF) - 2022
In 2022, the average import price for vanilla amounted to $214,850 per ton, rising by 16% against the previous year. Overall, the import price enjoyed a strong expansion. The most prominent rate of growth was recorded in 2017 an increase of 123%. The import price peaked at $514,072 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Madagascar ($244,031 per ton), while the price for the Netherlands ($58,199 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+28.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Vanilla, Not Crushed or Ground in France (FOB) - 2022
The average export price for vanilla stood at $171,626 per ton in 2022, dropping by -14.5% against the previous year. Over the period under review, the export price, however, saw a resilient expansion. The pace of growth was the most pronounced in 2016 when the average export price increased by 63%. Over the period under review, the average export prices hit record highs at $324,718 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($258,868 per ton), while the average price for exports to Morocco ($20,961 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 Netherlands (+18.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Vanilla, Not Crushed or Ground in France
In 2022, imports of vanilla into France rose significantly to 1K tons, with an increase of 6% against the year before. In general, imports showed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 121%. Over the period under review, imports of reached the peak figure in 2022 and are likely to continue growth in the near future.
In value terms, imports of vanilla soared to $221M in 2022. Over the period under review, total imports indicated notable growth from 2019 to 2022: its value increased at an average annual rate of +3.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +82.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 48%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Import of Spices; Vanilla, Not Crushed or Ground in France (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Madagascar | 174 | 96.7 | 133 | 176 | 0.4% |
| Belgium | 0.1 | 0.4 | 0.3 | 14.2 | 421.7% |
| Netherlands | 4.1 | 2.4 | 21.1 | 6.5 | 16.6% |
| Papua New Guinea | 7.5 | 2.0 | 3.0 | 5.9 | -7.7% |
| Poland | N/A | 11.1 | 7.7 | 4.8 | -34.2% |
| Uganda | 1.6 | N/A | 4.4 | 3.4 | 28.6% |
| Germany | 0.6 | 0.4 | 2.1 | 2.2 | 54.2% |
| Others | 12.2 | 7.9 | 7.9 | 8.2 | -12.4% |
| Total | 201 | 121 | 180 | 221 | 3.2% |
Top Suppliers of Spices; Vanilla, Not Crushed or Ground to France in 2022:
- Madagascar (720.3 tons)
- Netherlands (111.6 tons)
- Belgium (60.3 tons)
- Papua New Guinea (51.5 tons)
- Uganda (27.3 tons)
- Germany (17.4 tons)
- Poland (12.7 tons)
Exports of Spices; Vanilla, Not Crushed or Ground in France
Exports of vanilla from France soared to 346 tons in 2022, picking up by 32% compared with the previous year's figure. In general, exports recorded resilient growth. The growth pace was the most rapid in 2021 when exports increased by 59% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of vanilla expanded sharply to $59M in 2022. Overall, exports, however, saw a deep contraction.
| Export of Spices; Vanilla, Not Crushed or Ground in France (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 21.6 | 11.7 | 18.5 | 22.4 | 1.2% |
| Italy | 7.0 | 6.8 | 5.5 | 5.3 | -8.9% |
| Poland | 11.1 | 9.9 | 4.3 | 5.3 | -21.8% |
| Belgium | 3.0 | 2.4 | 2.6 | 3.6 | 6.3% |
| Germany | 2.9 | 3.4 | 4.5 | 3.5 | 6.5% |
| Netherlands | 3.6 | 2.3 | 3.1 | 2.6 | -10.3% |
| Switzerland | 0.7 | 1.3 | 1.2 | 2.3 | 48.7% |
| Japan | 4.6 | 2.3 | 1.6 | 2.2 | -21.8% |
| Spain | 4.7 | 2.6 | 2.5 | 1.9 | -26.1% |
| Cayman Islands | 1.4 | N/A | 1.2 | 1.3 | -2.4% |
| Madagascar | 2.7 | 0.5 | 0.1 | 1.2 | -23.7% |
| United Kingdom | 4.1 | 2.2 | 1.3 | 1.1 | -35.5% |
| Morocco | 0.1 | 0.1 | 0.3 | 0.5 | 71.0% |
| Others | 7.9 | 5.4 | 5.8 | 6.3 | -7.3% |
| Total | 75.4 | 50.9 | 52.8 | 59.4 | -7.6% |
Top Export Markets for Spices; Vanilla, Not Crushed or Ground from France in 2022:
- United States (128.8 tons)
- Italy (28.3 tons)
- Morocco (24.1 tons)
- Germany (20.5 tons)
- Poland (20.3 tons)
- Belgium (18.9 tons)
- Netherlands (14.4 tons)
- Switzerland (13.5 tons)
- United Kingdom (12.8 tons)
- Japan (11.0 tons)
- Spain (9.9 tons)
- Cayman Islands (8.0 tons)
- Madagascar (4.6 tons)
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This report provides an in-depth analysis of the vanilla market in France.
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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 France.
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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
