Price for Spices; Vanilla, Not Crushed or Ground in Malaysia - 2024
Contents:
- Price for Spices; Vanilla, Not Crushed or Ground in Malaysia (CIF) - 2022
- Price for Spices; Vanilla, Not Crushed or Ground in Malaysia (FOB) - 2022
- Imports of Spices; Vanilla, Not Crushed or Ground in Malaysia
- Exports of Spices; Vanilla, Not Crushed or Ground in Malaysia
Price for Spices; Vanilla, Not Crushed or Ground in Malaysia (CIF) - 2022
The average import price for vanilla stood at $13,586 per ton in 2022, falling by -64.6% against the previous year. In general, the import price recorded a abrupt contraction. The most prominent rate of growth was recorded in 2020 when the average import price increased by 29%. As a result, import price reached the peak level of $56,000 per ton. From 2021 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Madagascar ($21,938 per ton), while the price for France ($12,330 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Madagascar (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Vanilla, Not Crushed or Ground in Malaysia (FOB) - 2022
The average export price for vanilla stood at $15,332 per ton in 2022, jumping by 18% against the previous year. Overall, the export price posted resilient growth. The pace of growth appeared the most rapid in 2019 an increase of 521%. As a result, the export price attained the peak level of $54,160 per ton. From 2020 to 2022, the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for New Zealand.
From 2012 to 2022, the rate of growth in terms of prices for Switzerland amounted to +478.6% per year.
Imports of Spices; Vanilla, Not Crushed or Ground in Malaysia
In 2022, approx. 7 tons of vanilla were imported into Malaysia; jumping by 131% compared with the previous year's figure. Overall, imports enjoyed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of vanilla fell notably to $95K in 2022. In general, imports, however, continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 6.9%. As a result, imports reached the peak of $116K, and then shrank dramatically in the following year.
| Import of Spices; Vanilla, Not Crushed or Ground in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 27.0 | 25.5 | 43.4 | 71.6 | 38.4% |
| Indonesia | 8.0 | 11.4 | 10.3 | 13.9 | 20.2% |
| Madagascar | 7.1 | 3.9 | 4.2 | 7.4 | 1.4% |
| Australia | 8.6 | 24.3 | 27.5 | N/A | 78.8% |
| Others | 60.5 | 43.1 | 30.1 | 1.6 | -70.2% |
| Total | 111 | 108 | 116 | 94.5 | -5.2% |
Top Suppliers of Spices; Vanilla, Not Crushed or Ground to Malaysia in 2022:
- France (5.8 tons)
- Indonesia (0.8 tons)
- Madagascar (0.3 tons)
Exports of Spices; Vanilla, Not Crushed or Ground in Malaysia
In 2022, approx. 600 kg of vanilla were exported from Malaysia; picking up by 9.1% compared with the previous year. Over the period under review, exports, however, saw a sharp decrease. The growth pace was the most rapid in 2021 with an increase of 82% against the previous year.
In value terms, exports of vanilla surged to $9.2K in 2022. Overall, exports, however, faced a precipitous descent.
| Export of Spices; Vanilla, Not Crushed or Ground in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | N/A | N/A | N/A | 9.2 | 0% |
| Austria | 6.3 | 0.1 | 1.4 | N/A | -52.9% |
| Brunei Darussalam | 2.0 | 0.2 | 1.1 | N/A | -25.8% |
| Indonesia | 33.6 | 1.0 | 1.5 | N/A | -78.9% |
| Taiwan (Chinese) | 18.6 | 0.8 | N/A | N/A | -95.7% |
| Czech Republic | 10.7 | 0.4 | 2.4 | N/A | -52.6% |
| Netherlands | 669 | N/A | N/A | N/A | 0% |
| Others | 41.7 | 5.5 | 0.8 | N/A | -86.1% |
| Total | 782 | 8.1 | 7.2 | 9.2 | -77.3% |
Top Export Markets for Spices; Vanilla, Not Crushed or Ground from Malaysia in 2022:
- New Zealand (600.0 kg)
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This report provides an in-depth analysis of the vanilla market in Malaysia.
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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 Malaysia.
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This report provides an in-depth analysis of the global vanilla market.
5194
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
