Price for Spices; Vanilla, Crushed or Ground in Ethiopia - 2022
Contents:
- Price for Spices; Vanilla, Crushed or Ground in Ethiopia (CIF) - 2022
- Price for Spices; Vanilla, Crushed or Ground in Ethiopia (FOB) - 2022
- Imports of Spices; Vanilla, Crushed or Ground in Ethiopia
- Exports of Spices; Vanilla, Crushed or Ground in Ethiopia
Price for Spices; Vanilla, Crushed or Ground in Ethiopia (CIF) - 2022
In 2022, the average import price for spices; vanilla, crushed or ground amounted to $7,319 per ton, picking up by 25% against the previous year. Over the period under review, the import price showed noticeable growth. The growth pace was the most rapid in 2020 an increase of 65%. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for Italy.
From 2012 to 2022, the rate of growth in terms of prices for Italy amounted to +5.3% per year.
Price for Spices; Vanilla, Crushed or Ground in Ethiopia (FOB) - 2022
In 2021, the average export price for spices; vanilla, crushed or ground amounted to $1,000 per ton, with a decrease of -95.6% against the previous year. Overall, the export price continues to indicate a precipitous slump. The export price peaked at $22,600 per ton in 2020, and then plummeted in the following year.
As there is only one major export destination, the average price level is determined by prices for Denmark.
From 2020 to 2021, the rate of growth in terms of prices for Denmark amounted to 0.0% per year.
Imports of Spices; Vanilla, Crushed or Ground in Ethiopia
In 2022, the amount of spices; vanilla, crushed or ground imported into Ethiopia surged to 248 kg, increasing by 17% on the previous year. Over the period under review, imports continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 140%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.
In value terms, spices; vanilla, crushed or ground imports soared to $1.8K in 2022. Overall, imports saw a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 295% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
Import of Spices; Vanilla, Crushed or Ground in Ethiopia (USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Italy | 1.0 | 1.0 | 134 | 1,815 | 1119.8% |
United States | N/A | 654 | N/A | N/A | 0% |
India | 167 | 9.0 | N/A | N/A | -94.6% |
Turkey | 1.0 | 2.0 | 1,107 | N/A | 3227.2% |
Others | N/A | 1.0 | N/A | N/A | 0% |
Total | 169 | 667 | 1,241 | 1,815 | 120.6% |
Top Suppliers of Spices; Vanilla, Crushed or Ground to Ethiopia in 2022:
- Italy (248.0 kg)
Exports of Spices; Vanilla, Crushed or Ground in Ethiopia
In 2021, approx. 1 kg of spices; vanilla, crushed or ground were exported from Ethiopia; which is down by -93.3% compared with 2020. In general, exports recorded a sharp contraction.
In value terms, spices; vanilla, crushed or ground exports declined markedly to $1 in 2021. Over the period under review, exports showed a sharp setback.
Export of Spices; Vanilla, Crushed or Ground in Ethiopia (USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2020 | 2021 | CAGR, 2020-2021 | ||
Denmark | N/A | 1.0 | 0% | ||
Uganda | 19.0 | N/A | 0% | ||
United States | 320 | N/A | 0% | ||
Others | N/A | N/A | 0% | ||
Total | 339 | 1.0 | -99.7% |
Top Export Markets for Spices; Vanilla, Crushed or Ground from Ethiopia in 2022:
- Denmark (1.0 kg)
This report provides an in-depth analysis of the vanilla market in Ethiopia.
This report provides an in-depth analysis of the global vanilla market.
This report provides an in-depth analysis of the vanilla market in Ethiopia.
This report provides an in-depth analysis of the global vanilla market.
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
Global vanilla consumption amounted to X thousand tons in 2015, stabilizing at the previous year level.
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
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
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.
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.
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
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.
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
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