Price for Spices; Vanilla, Crushed or Ground in Egypt - 2023
Contents:
- Price for Spices; Vanilla, Crushed or Ground in Egypt (CIF) - 2022
- Price for Spices; Vanilla, Crushed or Ground in Egypt (FOB) - 2022
- Imports of Spices; Vanilla, Crushed or Ground in Egypt
- Exports of Spices; Vanilla, Crushed or Ground in Egypt
Price for Spices; Vanilla, Crushed or Ground in Egypt (CIF) - 2022
In 2022, the average import price for spices; vanilla, crushed or ground amounted to $147,212 per ton, with an increase of 3.5% against the previous year. In general, the import price continues to indicate a significant expansion. The growth pace was the most rapid in 2017 when the average import price increased by 140%. Over the period under review, average import prices hit record highs at $162,125 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Australia ($203,000 per ton), while the price for Madagascar ($145,667 per ton) was amongst the lowest.
From 2014 to 2022, the most notable rate of growth in terms of prices was attained by China (+49.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Vanilla, Crushed or Ground in Egypt (FOB) - 2022
In 2022, the average export price for spices; vanilla, crushed or ground amounted to $41,000 per ton, growing by 269% against the previous year. In general, the export price recorded a significant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for Bahrain amounted to +22.9% per year.
Imports of Spices; Vanilla, Crushed or Ground in Egypt
In 2022, purchases abroad of spices; vanilla, crushed or ground decreased by -74.1% to 66 kg for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 538%. As a result, imports reached the peak of 255 kg, and then shrank significantly in the following year.
In value terms, spices; vanilla, crushed or ground imports declined sharply to $9.7K in 2022. Over the period under review, imports, however, posted a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 459% against the previous year. As a result, imports reached the peak of $36K, and then contracted dramatically in the following year.
| Import of Spices; Vanilla, Crushed or Ground in Egypt (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Madagascar | N/A | 0.3 | 6.1 | 1933.3% | |
| France | 0.9 | 7.1 | 3.4 | 94.4% | |
| Australia | N/A | N/A | 0.2 | 0% | |
| United States | N/A | 13.3 | N/A | 0% | |
| United Arab Emirates | 3.2 | N/A | N/A | 0% | |
| Others | 2.4 | 15.6 | N/A | 550.0% | |
| Total | 6.5 | 36.3 | 9.7 | 22.2% | |
Top Suppliers of Spices; Vanilla, Crushed or Ground to Egypt in 2022:
- Madagascar (42.0 kg)
- France (23.0 kg)
- Australia (1.0 kg)
Exports of Spices; Vanilla, Crushed or Ground in Egypt
For the third consecutive year, Egypt recorded decline in overseas shipments of spices; vanilla, crushed or ground, which decreased by -88.9% to 1 kg in 2022. Over the period under review, exports continue to indicate a dramatic decrease. The smallest decline of -73.9% was in 2020.
In value terms, spices; vanilla, crushed or ground exports contracted rapidly to $41 in 2022. Overall, exports showed a precipitous setback.
| Export of Spices; Vanilla, Crushed or Ground in Egypt (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 45.0 | 27.0 | 2.0 | 41.0 | -3.1% |
| Saudi Arabia | 4,483 | N/A | N/A | N/A | 0% |
| Canada | 250 | 323 | 22.0 | N/A | -70.3% |
| Bahrain | 1,335 | 672 | 44.0 | N/A | -81.8% |
| Others | 717 | 509 | 32.0 | N/A | -78.9% |
| Total | 6,830 | 1,531 | 100 | 41.0 | -81.8% |
Top Export Markets for Spices; Vanilla, Crushed or Ground from Egypt in 2022:
- United States (1.0 kg)
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This report provides an in-depth analysis of the vanilla market in Egypt.
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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 Egypt.
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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
