Price for Spices; Vanilla, Not Crushed or Ground in Luxembourg - 2023
Contents:
- Price for Spices; Vanilla, Not Crushed or Ground in Luxembourg (CIF) - 2022
- Price for Spices; Vanilla, Not Crushed or Ground in Luxembourg (FOB) - 2022
- Imports of Spices; Vanilla, Not Crushed or Ground in Luxembourg
- Exports of Spices; Vanilla, Not Crushed or Ground in Luxembourg
Price for Spices; Vanilla, Not Crushed or Ground in Luxembourg (CIF) - 2022
The average import price for vanilla stood at $72,674 per ton in 2022, declining by -20.5% against the previous year. In general, the import price, however, continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2013 an increase of 164%. The import price peaked at $124,277 per ton in 2014; however, from 2015 to 2022, 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 ($267,500 per ton), while the price for Romania ($26,678 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+18.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Vanilla, Not Crushed or Ground in Luxembourg (FOB) - 2022
The average export price for vanilla stood at $435,184 per ton in 2022, increasing by 19% against the previous year. Over the period under review, the export price showed a resilient expansion. The growth pace was the most rapid in 2021 when the average export price increased by 84% against the previous year. The export price peaked in 2022 and is likely to continue growth in years to come.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was France ($796,303 per ton), while the average price for exports to Azerbaijan ($46,710 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 France (+17.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Vanilla, Not Crushed or Ground in Luxembourg
In 2022, imports of vanilla into Luxembourg rose to 3.6 tons, picking up by 4.9% on the year before. Over the period under review, imports, however, saw a abrupt slump. The growth pace was the most rapid in 2020 when imports increased by 26%. As a result, imports attained the peak of 5.4 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of vanilla fell dramatically to $260K in 2022. In general, imports, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2020 with an increase of 1.4%. As a result, imports reached the peak of $324K. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Spices; Vanilla, Not Crushed or Ground in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 110 | 157 | 170 | 141 | 8.6% |
| Belgium | 36.8 | 60.5 | 57.9 | 39.1 | 2.0% |
| Germany | 31.7 | 60.7 | 52.4 | 38.0 | 6.2% |
| Netherlands | 42.2 | 36.8 | 30.9 | 27.0 | -13.8% |
| Romania | N/A | N/A | N/A | 11.8 | 0% |
| Madagascar | 42.4 | 8.6 | 0.4 | 2.7 | -60.1% |
| Others | 56.4 | 1.2 | 0.2 | 0.2 | -84.8% |
| Total | 320 | 324 | 312 | 260 | -6.7% |
Top Suppliers of Spices; Vanilla, Not Crushed or Ground to Luxembourg in 2022:
- Germany (1315.0 kg)
- France (1277.0 kg)
- Romania (444.0 kg)
- Netherlands (363.0 kg)
- Belgium (157.0 kg)
- Madagascar (10.0 kg)
Exports of Spices; Vanilla, Not Crushed or Ground in Luxembourg
In 2022, exports of vanilla from Luxembourg fell to 158 kg, waning by -7.6% compared with 2021. Overall, exports continue to indicate a dramatic downturn.
In value terms, exports of vanilla reached $69K in 2022. In general, exports continue to indicate a mild descent. The growth pace was the most rapid in 2021 with an increase of 31% against the previous year.
| Export of Spices; Vanilla, Not Crushed or Ground in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 45.0 | 27.0 | 28.4 | 31.8 | -10.9% |
| France | 12.7 | 11.3 | 22.6 | 26.3 | 27.5% |
| Germany | 7.6 | 4.7 | 7.6 | 7.7 | 0.4% |
| Azerbaijan | 4.7 | 1.7 | 2.5 | 2.9 | -14.9% |
| Others | 0.7 | 3.1 | 1.2 | N/A | 30.9% |
| Total | 70.8 | 47.7 | 62.4 | 68.8 | -1.0% |
Top Export Markets for Spices; Vanilla, Not Crushed or Ground from Luxembourg in 2022:
- Azerbaijan (62.0 kg)
- Belgium (47.0 kg)
- France (33.0 kg)
- Germany (16.0 kg)
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This report provides an in-depth analysis of the vanilla market in Luxembourg.
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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 Luxembourg.
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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
