Price for Spices; Vanilla, Not Crushed or Ground in the UK - 2023
Contents:
- Price for Spices; Vanilla, Not Crushed or Ground in the UK (CIF) - 2022
- Price for Spices; Vanilla, Not Crushed or Ground in the UK (FOB) - 2022
- Imports of Spices; Vanilla, Not Crushed or Ground in the UK
- Exports of Spices; Vanilla, Not Crushed or Ground in the UK
Price for Spices; Vanilla, Not Crushed or Ground in the UK (CIF) - 2022
In 2022, the average import price for vanilla amounted to $149,419 per ton, picking up by 52% against the previous year. In general, the import price showed significant growth. The pace of growth was the most pronounced in 2013 an increase of 65%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in years to come.
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 Australia ($291,498 per ton), while the price for New Zealand ($21,595 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jamaica (+23.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Vanilla, Not Crushed or Ground in the UK (FOB) - 2022
The average export price for vanilla stood at $77,750 per ton in 2022, falling by -18.5% against the previous year. Overall, the export price, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2014 when the average export price increased by 180% against the previous year. The export price peaked at $143,962 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($212,515 per ton), while the average price for exports to India ($10,951 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 United States (+30.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Vanilla, Not Crushed or Ground in the UK
After two years of decline, purchases abroad of vanilla increased by 46% to 76 tons in 2022. Over the period under review, imports, however, continue to indicate a dramatic curtailment.
In value terms, imports of vanilla surged to $11M in 2022. Overall, imports, however, continue to indicate a mild reduction.
| Import of Spices; Vanilla, Not Crushed or Ground in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Madagascar | 3.4 | 2.0 | 0.8 | 8.6 | 36.3% |
| United States | 2.2 | 3.4 | 1.1 | 0.9 | -25.8% |
| Australia | 0.3 | 0.6 | 0.1 | 0.6 | 26.0% |
| Papua New Guinea | 0.9 | 0.3 | 1.0 | 0.3 | -30.7% |
| France | 2.5 | 1.8 | 1.4 | 0.3 | -50.7% |
| Netherlands | 0.1 | N/A | N/A | 0.1 | 0.0% |
| Uganda | 1.2 | 0.2 | 0.1 | 0.1 | -56.3% |
| New Zealand | N/A | N/A | N/A | N/A | 0% |
| Indonesia | 0.5 | 0.2 | 0.1 | N/A | -55.3% |
| Others | 0.9 | 0.5 | 0.5 | 0.3 | -30.7% |
| Total | 11.8 | 9.0 | 5.1 | 11.4 | -1.1% |
Top Suppliers of Spices; Vanilla, Not Crushed or Ground to the UK in 2022:
- Madagascar (54.4 tons)
- United States (5.5 tons)
- France (3.7 tons)
- Netherlands (2.7 tons)
- Australia (2.1 tons)
- Papua New Guinea (2.1 tons)
- New Zealand (1.7 tons)
- Uganda (1.1 tons)
- Indonesia (0.4 tons)
Exports of Spices; Vanilla, Not Crushed or Ground in the UK
In 2022, overseas shipments of vanilla were finally on the rise to reach 22 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports showed a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of vanilla surged to $1.7M in 2022. Overall, exports recorded a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Spices; Vanilla, Not Crushed or Ground in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 304 | 331 | 138 | 660 | 29.5% |
| Germany | 0.2 | 58.3 | 13.1 | 447 | 1207.5% |
| Madagascar | N/A | N/A | N/A | 243 | 0% |
| Japan | N/A | 192 | 2.7 | 101 | -27.5% |
| Ireland | 64.1 | 46.7 | 62.1 | 52.5 | -6.4% |
| France | 460 | 23.6 | 25.5 | 24.6 | -62.3% |
| India | 4.0 | N/A | N/A | 18.6 | 66.9% |
| Canada | 22.1 | 48.1 | 3.2 | N/A | -61.9% |
| Others | 292 | 384 | 404 | 127 | -24.2% |
| Total | 1,147 | 1,083 | 649 | 1,673 | 13.4% |
Top Export Markets for Spices; Vanilla, Not Crushed or Ground from the UK in 2022:
- United States (13.7 tons)
- Germany (2.5 tons)
- Madagascar (1.9 tons)
- India (1.7 tons)
- Ireland (0.5 tons)
- Japan (0.5 tons)
- France (0.2 tons)
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This report provides an in-depth analysis of the vanilla market in the UK.
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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 the UK.
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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
