Price for Spices; Vanilla, Crushed or Ground in Argentina - 2022

Contents:

  1. Price for Spices; Vanilla, Crushed or Ground in Argentina (CIF) - 2022
  2. Imports of Spices; Vanilla, Crushed or Ground in Argentina

Price for Spices; Vanilla, Crushed or Ground in Argentina (CIF) - 2022

In 2022, the average import price for spices; vanilla, crushed or ground amounted to $116,745 per ton, dropping by -6% against the previous year. Over the period under review, the import price, however, continues to indicate a resilient expansion. The growth pace was the most rapid in 2016 an increase of 225% against the previous year. The import price peaked at $124,190 per ton in 2021, and then fell in the following year.

As there is only one major supplying country, the average price level is determined by prices for France.

From 2012 to 2022, the rate of growth in terms of prices for France amounted to +16.0% per year.

Imports of Spices; Vanilla, Crushed or Ground in Argentina

In 2022, purchases abroad of spices; vanilla, crushed or ground decreased by -23.5% to 153 kg for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, recorded significant growth. The pace of growth was the most pronounced in 2021 with an increase of 89%. As a result, imports reached the peak of 200 kg, and then contracted rapidly in the following year.

In value terms, spices; vanilla, crushed or ground imports shrank rapidly to $18K in 2022. In general, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 128% against the previous year. As a result, imports reached the peak of $25K, and then fell dramatically in the following year.

Import of Spices; Vanilla, Crushed or Ground in Argentina (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
France7.210.924.817.935.5%
OthersN/AN/AN/AN/A0%
Total7.210.924.817.935.5%

Top Suppliers of Spices; Vanilla, Crushed or Ground to Argentina in 2022:

  1. France (153.0 kg)

Source: IndexBox Market Intelligence Platform

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Free Data: Spices; vanilla, crushed or ground - Argentina