Price for Spices; Vanilla, Not Crushed or Ground in Uruguay - 2023
Contents:
- Price for Spices; Vanilla, Not Crushed or Ground in Uruguay (CIF) - 2022
- Imports of Spices; Vanilla, Not Crushed or Ground in Uruguay
Price for Spices; Vanilla, Not Crushed or Ground in Uruguay (CIF) - 2022
The average import price for vanilla stood at $541,000 per ton in 2022, with an increase of 97% against the previous year. In general, the import price showed strong growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($693,000 per ton), while the price for Madagascar stood at $85,000 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Comoros (+22.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Spices; Vanilla, Not Crushed or Ground in Uruguay
In 2022, supplies from abroad of vanilla decreased by -94.8% to 4 kg, falling for the second consecutive year after two years of growth. In general, imports continue to indicate a precipitous descent. The growth pace was the most rapid in 2020 with an increase of 74%. As a result, imports attained the peak of 108 kg. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of vanilla declined markedly to $2.2K in 2022. Overall, imports faced a dramatic shrinkage. The growth pace was the most rapid in 2020 when imports increased by 113% against the previous year. As a result, imports reached the peak of $29K. From 2021 to 2022, the growth of imports of remained at a lower figure.
Import of Spices; Vanilla, Not Crushed or Ground in Uruguay (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Spain | 2.0 | 0.8 | 0.6 | 2.1 | 1.6% |
Madagascar | 9.6 | 24.1 | 16.4 | 0.1 | -78.2% |
Germany | 0.2 | 1.3 | 1.8 | N/A | 200.0% |
France | 0.6 | 0.5 | 1.4 | N/A | 52.8% |
Others | 0.9 | 1.8 | 1.0 | N/A | 5.4% |
Total | 13.4 | 28.5 | 21.2 | 2.2 | -45.2% |
Top Suppliers of Spices; Vanilla, Not Crushed or Ground to Uruguay in 2022:
- Spain (3.0 kg)
- Madagascar (1.0 kg)
This report provides an in-depth analysis of the vanilla market in Uruguay.
This report provides an in-depth analysis of the global vanilla market.
This report provides an in-depth analysis of the vanilla market in Uruguay.
This report provides an in-depth analysis of the global vanilla market.
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
Global vanilla consumption amounted to X thousand tons in 2015, stabilizing at the previous year level.
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
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
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.
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.
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
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.
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
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