Price for Spices; Vanilla, Crushed or Ground in Bulgaria - 2023
Contents:
- Price for Spices; Vanilla, Crushed or Ground in Bulgaria (CIF) - 2022
- Price for Spices; Vanilla, Crushed or Ground in Bulgaria (FOB) - 2022
- Imports of Spices; Vanilla, Crushed or Ground in Bulgaria
- Exports of Spices; Vanilla, Crushed or Ground in Bulgaria
Price for Spices; Vanilla, Crushed or Ground in Bulgaria (CIF) - 2022
The average import price for spices; vanilla, crushed or ground stood at $214,199 per ton in 2022, waning by -6.4% against the previous year. In general, the import price, however, posted strong growth. The most prominent rate of growth was recorded in 2017 when the average import price increased by 139% against the previous year. Over the period under review, average import prices hit record highs at $375,393 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($389,333 per ton), while the price for Turkey ($5,594 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+47.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Vanilla, Crushed or Ground in Bulgaria (FOB) - 2022
The average export price for spices; vanilla, crushed or ground stood at $51,778 per ton in 2022, waning by -64.7% against the previous year. Over the period under review, the export price, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2014 when the average export price increased by 289% against the previous year. Over the period under review, the average export prices attained the maximum at $303,595 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Estonia ($349,423 per ton), while the average price for exports to Germany ($8,535 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 the United States (+33.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Vanilla, Crushed or Ground in Bulgaria
In 2022, supplies from abroad of spices; vanilla, crushed or ground decreased by -2.3% to 693 kg, falling for the second consecutive year after two years of growth. In general, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 12%. As a result, imports reached the peak of 774 kg. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, spices; vanilla, crushed or ground imports declined to $148K in 2022. Overall, imports faced a abrupt setback. The smallest decline of -7.3% was in 2021.
| Import of Spices; Vanilla, Crushed or Ground in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sri Lanka | N/A | N/A | 16.1 | 108 | 570.8% |
| Denmark | N/A | 82.3 | 114 | 29.5 | -40.1% |
| Germany | 6.3 | 3.9 | 9.9 | 5.8 | -2.7% |
| France | 166 | 36.0 | 3.3 | 1.0 | -81.8% |
| Turkey | N/A | 0.6 | N/A | 0.6 | 0.0% |
| Greece | 4.4 | 2.7 | 3.3 | 0.5 | -51.6% |
| Sweden | 1.2 | N/A | N/A | N/A | 0% |
| United Kingdom | 32.1 | 25.3 | 0.4 | N/A | -88.8% |
| Madagascar | N/A | N/A | 12.1 | N/A | 0% |
| Others | 3.4 | 24.3 | 3.0 | 3.1 | -3.0% |
| Total | 214 | 175 | 162 | 148 | -11.6% |
Top Suppliers of Spices; Vanilla, Crushed or Ground to Bulgaria in 2022:
- Sri Lanka (387.0 kg)
- Denmark (171.0 kg)
- Turkey (101.0 kg)
- Germany (15.0 kg)
- Greece (7.0 kg)
- France (2.0 kg)
Exports of Spices; Vanilla, Crushed or Ground in Bulgaria
In 2022, approx. 797 kg of spices; vanilla, crushed or ground were exported from Bulgaria; increasing by 414% on the previous year's figure. Over the period under review, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, spices; vanilla, crushed or ground exports soared to $41K in 2022. In general, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +8.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Spices; Vanilla, Crushed or Ground in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | 10.6 | 9.8 | 3.9 | 9.1 | -5.0% |
| Romania | 8.6 | 4.8 | 5.1 | 7.4 | -4.9% |
| Spain | 0.3 | N/A | 0.3 | 7.2 | 188.4% |
| Canada | N/A | N/A | N/A | 3.8 | 0% |
| Bahrain | 1.9 | 0.8 | 2.3 | 3.3 | 20.2% |
| Italy | N/A | 5.6 | 3.9 | 1.1 | -55.7% |
| Germany | N/A | N/A | N/A | 0.7 | 0% |
| Belgium | 9.6 | N/A | N/A | 0.6 | -60.3% |
| Netherlands | N/A | N/A | N/A | 0.5 | 0% |
| Cyprus | N/A | N/A | N/A | 0.3 | 0% |
| Iraq | N/A | N/A | 1.4 | N/A | 0% |
| Others | 1.3 | 6.5 | 5.9 | 7.2 | 76.9% |
| Total | 32.3 | 27.5 | 22.8 | 41.3 | 8.5% |
Top Export Markets for Spices; Vanilla, Crushed or Ground from Bulgaria in 2022:
- Spain (120.0 kg)
- Germany (86.0 kg)
- Bahrain (65.0 kg)
- Netherlands (55.0 kg)
- Canada (41.0 kg)
- Romania (29.0 kg)
- Estonia (26.0 kg)
- Cyprus (16.0 kg)
- Belgium (12.0 kg)
- Italy (7.0 kg)
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This report provides an in-depth analysis of the vanilla market in Bulgaria.
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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 Bulgaria.
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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
2328
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
