Price for Spices; Vanilla, Crushed or Ground in China - 2023
Contents:
- Price for Spices; Vanilla, Crushed or Ground in China (CIF) - 2022
- Imports of Spices; Vanilla, Crushed or Ground in China
Price for Spices; Vanilla, Crushed or Ground in China (CIF) - 2022
The average import price for spices; vanilla, crushed or ground stood at $175,898 per ton in 2022, increasing by 27% against the previous year. Overall, the import price showed significant growth. The pace of growth appeared the most rapid in 2014 when the average import price increased by 78%. Over the period under review, average import prices reached the peak figure at $215,440 per ton in 2019; however, from 2020 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 Madagascar ($222,523 per ton), while the price for France ($120,060 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+18.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Spices; Vanilla, Crushed or Ground in China
In 2022, the amount of spices; vanilla, crushed or ground imported into China surged to 1.2 tons, growing by 95% compared with the previous year. Over the period under review, imports recorded perceptible growth. The most prominent rate of growth was recorded in 2021 when imports increased by 159%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, spices; vanilla, crushed or ground imports skyrocketed to $218K in 2022. In general, imports, however, continue to indicate a noticeable reduction.
| Import of Spices; Vanilla, Crushed or Ground in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 126 | N/A | N/A | 83.5 | -12.8% |
| Madagascar | 67.6 | 41.5 | 61.0 | 74.1 | 3.1% |
| France | 41.4 | 8.3 | 27.1 | 60.5 | 13.5% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 235 | 49.8 | 88.1 | 218 | -2.5% |
Top Suppliers of Spices; Vanilla, Crushed or Ground to China in 2022:
- France (504.0 kg)
- Indonesia (403.0 kg)
- Madagascar (333.0 kg)
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This report provides an in-depth analysis of the vanilla market in China.
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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 China.
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This report provides an in-depth analysis of the global vanilla market.
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In March 2023, the vanilla price amounted to $127K per ton (CIF, China), waning by -39.4% against the previous month.
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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
