Price for Spices; Vanilla, Crushed or Ground in Austria - 2023
Contents:
- Price for Spices; Vanilla, Crushed or Ground in Austria (CIF) - 2023
- Price for Spices; Vanilla, Crushed or Ground in Austria (FOB) - 2022
- Imports of Spices; Vanilla, Crushed or Ground in Austria
- Exports of Spices; Vanilla, Crushed or Ground in Austria
Price for Spices; Vanilla, Crushed or Ground in Austria (CIF) - 2023
The average import price for spices; vanilla, crushed or ground stood at $95,159 per ton in June 2023, shrinking by -66.8% against the previous month. Over the period under review, the import price continues to indicate a slight slump. The pace of growth appeared the most rapid in May 2023 an increase of 150% month-to-month. As a result, import price reached the peak level of $287K per ton, and then shrank significantly in the following month.
As there is only one major supplying country, the average price level is determined by prices for Uganda.
From June 2022 to June 2023, the rate of growth in terms of prices for the Netherlands amounted to +18.4% per month.
Price for Spices; Vanilla, Crushed or Ground in Austria (FOB) - 2022
The average export price for spices; vanilla, crushed or ground stood at $286,444 per ton in 2022, surging by 8.4% against the previous year. Over the period under review, the export price continues to indicate significant growth. The pace of growth appeared the most rapid in 2014 an increase of 236% against the previous year. The export price peaked at $303,403 per ton in 2020; however, from 2021 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 Germany ($435,424 per ton), while the average price for exports to Turkey ($54,849 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 Romania (+35.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Vanilla, Crushed or Ground in Austria
In 2022, spices; vanilla, crushed or ground imports into Austria dropped slightly to 11 tons, standing approx. at the previous year's figure. Overall, imports faced a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 5.5%.
In value terms, spices; vanilla, crushed or ground imports amounted to $1.8M in 2022. Over the period under review, imports faced a sharp decline.
| Import of Spices; Vanilla, Crushed or Ground in Austria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 189 | 80.3 | 78.5 | 852 | 65.2% |
| Germany | 1,183 | 491 | 704 | 663 | -17.6% |
| Netherlands | 45.5 | 48.9 | 78.6 | 235 | 72.9% |
| Italy | N/A | N/A | 31.8 | 14.9 | -53.1% |
| Poland | 53.3 | 50.9 | 83.7 | 0.3 | -82.2% |
| Madagascar | 2,079 | 1,512 | 594 | 0.1 | -96.4% |
| Uganda | 364 | 417 | N/A | N/A | 14.6% |
| United Kingdom | 62.8 | 16.4 | 31.8 | N/A | -28.8% |
| Others | 112 | 87.5 | 202 | 41.4 | -28.2% |
| Total | 4,088 | 2,704 | 1,805 | 1,807 | -23.8% |
Top Suppliers of Spices; Vanilla, Crushed or Ground to Austria in 2022:
- Madagascar (undefined tons)
- Poland (undefined tons)
- United Kingdom (undefined tons)
- France (4.5 tons)
- Germany (3.9 tons)
- Netherlands (2.1 tons)
- Italy (0.2 tons)
Exports of Spices; Vanilla, Crushed or Ground in Austria
In 2022, the amount of spices; vanilla, crushed or ground exported from Austria dropped to 2.1 tons, with a decrease of -13.3% on the year before. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 40%. As a result, the exports attained the peak of 2.5 tons, and then contracted in the following year.
In value terms, spices; vanilla, crushed or ground exports dropped to $614K in 2022. The total export value increased at an average annual rate of +8.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 22%. As a result, the exports attained the peak of $654K, and then reduced in the following year.
| Export of Spices; Vanilla, Crushed or Ground in Austria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 256 | 205 | 223 | 283 | 3.4% |
| Germany | 164 | 231 | 276 | 182 | 3.5% |
| France | 1.4 | 0.1 | 0.4 | 25.8 | 164.1% |
| Slovenia | 3.0 | 2.1 | 16.6 | 18.1 | 82.0% |
| Turkey | 5.1 | N/A | 7.1 | 16.7 | 48.5% |
| Italy | 4.6 | 6.5 | 18.5 | 11.4 | 35.3% |
| Romania | N/A | 0.1 | 20.8 | 10.8 | 939.2% |
| Spain | 0.2 | 0.1 | 8.3 | 9.2 | 258.3% |
| Czech Republic | 9.2 | 34.6 | 30.2 | 8.6 | -2.2% |
| Hungary | 16.5 | 37.6 | 10.1 | 0.5 | -68.8% |
| Others | 24.2 | 17.9 | 42.4 | 48.7 | 26.3% |
| Total | 485 | 535 | 654 | 614 | 8.2% |
Top Export Markets for Spices; Vanilla, Crushed or Ground from Austria in 2022:
- Switzerland (864.0 kg)
- Germany (417.0 kg)
- Turkey (304.0 kg)
- Czech Republic (100.0 kg)
- Slovenia (94.0 kg)
- France (84.0 kg)
- Italy (82.0 kg)
- Spain (54.0 kg)
- Romania (34.0 kg)
- Hungary (1.0 kg)
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This report provides an in-depth analysis of the vanilla market in Austria.
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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 Austria.
15862
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
2219
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
5001
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
2201
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
