Price for Spices; Vanilla, Crushed or Ground in India - 2023
Contents:
- Price for Spices; Vanilla, Crushed or Ground in India (FOB) - 2022
- Price for Spices; Vanilla, Crushed or Ground in India (CIF) - 2022
- Exports of Spices; Vanilla, Crushed or Ground in India
- Imports of Spices; Vanilla, Crushed or Ground in India
Price for Spices; Vanilla, Crushed or Ground in India (FOB) - 2022
The average export price for spices; vanilla, crushed or ground stood at $63,437 per ton in 2022, with a decrease of -2.8% against the previous year. In general, the export price, however, posted a resilient increase. The most prominent rate of growth was recorded in 2017 an increase of 144%. Over the period under review, the average export prices reached the peak figure at $102,247 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($94,645 per ton), while the average price for exports to Angola ($5,326 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+22.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Spices; Vanilla, Crushed or Ground in India (CIF) - 2022
In 2022, the average import price for spices; vanilla, crushed or ground amounted to $104,569 per ton, growing by 98% against the previous year. Over the period under review, the import price continues to indicate significant growth. The most prominent rate of growth was recorded in 2018 an increase of 1,201% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.
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 ($245,400 per ton), while the price for Papua New Guinea ($70,566 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Madagascar (+100.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Spices; Vanilla, Crushed or Ground in India
In 2022, overseas shipments of spices; vanilla, crushed or ground decreased by -31.2% to 3.4 tons, falling for the second year in a row after two years of growth. Over the period under review, exports showed a significant decline. The most prominent rate of growth was recorded in 2020 with an increase of 29% against the previous year. As a result, the exports reached the peak of 8.9 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, spices; vanilla, crushed or ground exports fell significantly to $217K in 2022. In general, exports faced a dramatic setback. The smallest decline of -21.4% was in 2020.
| Export of Spices; Vanilla, Crushed or Ground in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 241 | 1.9 | N/A | 82.5 | -30.0% |
| United Kingdom | 101 | 20.8 | 18.2 | 73.1 | -10.2% |
| United States | 213 | 99.8 | 124 | 20.3 | -54.3% |
| Netherlands | 48.0 | 68.2 | N/A | 9.4 | -41.9% |
| Angola | N/A | N/A | N/A | 2.5 | 0% |
| New Zealand | N/A | N/A | N/A | 2.4 | 0% |
| France | 19.8 | 60.2 | 32.0 | N/A | 27.1% |
| Mexico | N/A | 226 | 141 | N/A | -37.6% |
| Others | 86.9 | 81.3 | 10.5 | 27.1 | -32.2% |
| Total | 710 | 558 | 325 | 217 | -32.6% |
Top Export Markets for Spices; Vanilla, Crushed or Ground from India in 2022:
- United Kingdom (1216.0 kg)
- Germany (933.0 kg)
- Angola (460.0 kg)
- Netherlands (400.0 kg)
- United States (214.0 kg)
- New Zealand (61.0 kg)
Imports of Spices; Vanilla, Crushed or Ground in India
In 2022, imports of spices; vanilla, crushed or ground into India dropped rapidly to 209 kg, falling by -58% compared with the year before. Over the period under review, imports faced a dramatic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 89%.
In value terms, spices; vanilla, crushed or ground imports fell significantly to $22K in 2022. In general, imports faced a dramatic decrease. The most prominent rate of growth was recorded in 2021 with an increase of 338%.
| Import of Spices; Vanilla, Crushed or Ground in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Papua New Guinea | N/A | N/A | N/A | 9.6 | 0% |
| Madagascar | 1.2 | N/A | N/A | 6.1 | 71.9% |
| Netherlands | N/A | N/A | N/A | 4.7 | 0% |
| Guinea | N/A | N/A | N/A | 1.4 | 0% |
| United States | 19.5 | 6.0 | 26.3 | N/A | 16.1% |
| United Arab Emirates | 7.7 | N/A | N/A | N/A | 0% |
| Others | 14.9 | N/A | N/A | N/A | 0% |
| Total | 43.2 | 6.0 | 26.3 | 21.9 | -20.3% |
Top Suppliers of Spices; Vanilla, Crushed or Ground to India in 2022:
- Papua New Guinea (136.0 kg)
- Netherlands (30.0 kg)
- Madagascar (25.0 kg)
- Guinea (18.0 kg)
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This report provides an in-depth analysis of the vanilla market in India.
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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 India.
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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
