Price for Spices; Vanilla, Crushed or Ground in Colombia - 2022
Contents:
- Price for Spices; Vanilla, Crushed or Ground in Colombia (CIF) - 2022
- Price for Spices; Vanilla, Crushed or Ground in Colombia (FOB) - 2022
- Imports of Spices; Vanilla, Crushed or Ground in Colombia
- Exports of Spices; Vanilla, Crushed or Ground in Colombia
Price for Spices; Vanilla, Crushed or Ground in Colombia (CIF) - 2022
The average import price for spices; vanilla, crushed or ground stood at $64,862 per ton in 2022, increasing by 381% against the previous year. In general, the import price showed a strong expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
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 Lebanon amounted to +4.1% per year.
Price for Spices; Vanilla, Crushed or Ground in Colombia (FOB) - 2022
The average export price for spices; vanilla, crushed or ground stood at $345,621 per ton in 2022, surging by 39% against the previous year. In general, the export price enjoyed a strong expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by 214%. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see steady growth in years to come.
As there is only one major export destination, the average price level is determined by prices for Panama.
From 2012 to 2022, the rate of growth in terms of prices for Panama amounted to +11.4% per year.
Imports of Spices; Vanilla, Crushed or Ground in Colombia
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 -78.4% to 210 kg. Overall, imports showed a deep slump. The pace of growth appeared the most rapid in 2020 when imports increased by 242% against the previous year.
In value terms, spices; vanilla, crushed or ground imports rose slightly to $14K in 2022. Over the period under review, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +26.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +101.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 68% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the near future.
| Import of Spices; Vanilla, Crushed or Ground in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 0.1 | 1.6 | 3.0 | 13.6 | 414.3% |
| India | N/A | 3.7 | N/A | N/A | 0% |
| United States | 6.6 | 5.9 | 10.0 | N/A | 23.1% |
| Others | 0.1 | 0.2 | 0.1 | N/A | 0.0% |
| Total | 6.7 | 11.4 | 13.1 | 13.6 | 26.6% |
Top Suppliers of Spices; Vanilla, Crushed or Ground to Colombia in 2022:
- France (210.0 kg)
Exports of Spices; Vanilla, Crushed or Ground in Colombia
In 2022, spices; vanilla, crushed or ground exports from Colombia dropped markedly to 206 kg, which is down by -28.5% compared with the previous year. In general, exports saw a drastic downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 40% against the previous year.
In value terms, spices; vanilla, crushed or ground exports reduced to $71K in 2022. Over the period under review, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +19.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +71.7% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 71%.
| Export of Spices; Vanilla, Crushed or Ground in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Panama | 40.5 | 6.9 | 71.4 | 71.2 | 20.7% |
| Czech Republic | N/A | 64.1 | N/A | N/A | 0% |
| Others | 1.0 | N/A | N/A | N/A | 0% |
| Total | 41.5 | 71.0 | 71.4 | 71.2 | 19.7% |
Top Export Markets for Spices; Vanilla, Crushed or Ground from Colombia in 2022:
- Panama (206.0 kg)
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This report provides an in-depth analysis of the vanilla market in Colombia.
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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 Colombia.
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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
