Price for Spices; Vanilla, Crushed or Ground in Angola - 2022
Contents:
- Price for Spices; Vanilla, Crushed or Ground in Angola (CIF) - 2022
- Price for Spices; Vanilla, Crushed or Ground in Angola (FOB) - 2022
- Imports of Spices; Vanilla, Crushed or Ground in Angola
- Exports of Spices; Vanilla, Crushed or Ground in Angola
Price for Spices; Vanilla, Crushed or Ground in Angola (CIF) - 2022
In 2022, the average import price for spices; vanilla, crushed or ground amounted to $2,736 per ton, reducing by -12.3% against the previous year. Over the period under review, the import price showed a abrupt downturn. The growth pace was the most rapid in 2020 when the average import price increased by 17% against the previous year. Over the period under review, average import prices hit record highs at $20,985 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
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 India ($17,058 per ton), while the price for Turkey ($794 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+26.5%), while the prices for the other major suppliers experienced a decline.
Price for Spices; Vanilla, Crushed or Ground in Angola (FOB) - 2022
The average export price for spices; vanilla, crushed or ground stood at $1,669 per ton in 2022, remaining constant against the previous year. Overall, the export price continues to indicate a sharp decline. The pace of growth was the most pronounced in 2021 when the average export price decreased by 99.9%. Over the period under review, the average export prices attained the maximum at $9,000 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for the Netherlands.
From 2015 to 2022, the rate of growth in terms of prices for the Netherlands amounted to -21.4% per year.
Imports of Spices; Vanilla, Crushed or Ground in Angola
In 2022, after three years of growth, there was significant decline in purchases abroad of spices; vanilla, crushed or ground, when their volume decreased by -18.4% to 6.5 tons. In general, imports, however, showed significant growth. The growth pace was the most rapid in 2021 when imports increased by 139%. As a result, imports reached the peak of 8 tons, and then declined remarkably in the following year.
In value terms, spices; vanilla, crushed or ground imports declined significantly to $18K in 2022. Overall, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 132% against the previous year. As a result, imports reached the peak of $25K, and then shrank remarkably in the following year.
| Import of Spices; Vanilla, Crushed or Ground in Angola (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 3.9 | 3.2 | 9.9 | 6.8 | 20.4% |
| South Africa | 0.6 | 1.3 | 6.4 | 4.4 | 94.3% |
| China | 0.7 | 0.6 | 5.7 | 3.9 | 77.3% |
| India | 0.5 | 0.4 | 1.2 | 0.9 | 21.6% |
| Lebanon | 0.1 | 0.1 | 0.6 | 0.5 | 71.0% |
| Turkey | 0.1 | N/A | 0.1 | 0.1 | 0.0% |
| Tunisia | N/A | 4.3 | N/A | N/A | 0% |
| Others | 1.2 | 0.8 | 0.9 | 1.2 | 0.0% |
| Total | 7.0 | 10.7 | 24.8 | 17.8 | 36.5% |
Top Suppliers of Spices; Vanilla, Crushed or Ground to Angola in 2022:
- Belgium (3947.0 kg)
- China (1159.0 kg)
- South Africa (687.0 kg)
- Lebanon (366.0 kg)
- Turkey (107.0 kg)
- India (52.0 kg)
Exports of Spices; Vanilla, Crushed or Ground in Angola
In 2022, exports of spices; vanilla, crushed or ground from Angola stood at 9.1 tons, therefore, remained relatively stable against the year before. Over the period under review, exports showed a deep downturn. The smallest decline of 99.9% was in 2021.
In value terms, spices; vanilla, crushed or ground exports totaled $15K in 2022. Overall, exports faced a drastic downturn. The smallest decline of 99.9% was in 2021.
| Export of Spices; Vanilla, Crushed or Ground in Angola (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Netherlands | N/A | N/A | 7.6 | 0% | |
| Democratic Republic of the Congo | 20.2 | N/A | N/A | 0% | |
| Others | N/A | N/A | 7.6 | 0% | |
| Total | 20.2 | N/A | 15.2 | -13.3% | |
Top Export Markets for Spices; Vanilla, Crushed or Ground from Angola in 2022:
- Netherlands (4.6 tons)
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This report provides an in-depth analysis of the vanilla market in Angola.
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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 Angola.
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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
5245
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
