Price for Spices; Vanilla, Crushed or Ground in Iraq - 2022
Contents:
- Price for Spices; Vanilla, Crushed or Ground in Iraq (CIF) - 2022
- Price for Spices; Vanilla, Crushed or Ground in Iraq (FOB) - 2022
- Imports of Spices; Vanilla, Crushed or Ground in Iraq
- Exports of Spices; Vanilla, Crushed or Ground in Iraq
Price for Spices; Vanilla, Crushed or Ground in Iraq (CIF) - 2022
In 2022, the average import price for spices; vanilla, crushed or ground amounted to $3,505 per ton, surging by 56% against the previous year. Overall, the import price continues to indicate a temperate expansion. The most prominent rate of growth was recorded in 2019 when the average import price increased by 131% against the previous year. As a result, import price reached the peak level of $6,816 per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Lebanon ($10,118 per ton), while the price for Turkey ($2,359 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+1.1%), while the prices for the other major suppliers experienced a decline.
Price for Spices; Vanilla, Crushed or Ground in Iraq (FOB) - 2022
In 2022, the average export price for spices; vanilla, crushed or ground amounted to $11,475 per ton, approximately equating the previous year. Overall, the export price saw a relatively flat trend pattern. The export price peaked in 2022 and is expected to retain growth in the near future.
As there is only one major export destination, the average price level is determined by prices for Germany.
From 2021 to 2022, the rate of growth in terms of prices for Germany amounted to 0.0% per year.
Imports of Spices; Vanilla, Crushed or Ground in Iraq
In 2022, approx. 7.7 tons of spices; vanilla, crushed or ground were imported into Iraq; which is down by -57.7% compared with 2021 figures. In general, imports, however, posted a strong increase. The pace of growth appeared the most rapid in 2021 when imports increased by 379%. As a result, imports attained the peak of 18 tons, and then declined notably in the following year.
In value terms, spices; vanilla, crushed or ground imports fell significantly to $27K in 2022. Over the period under review, imports showed a deep contraction. The pace of growth appeared the most rapid in 2021 with an increase of 213%. As a result, imports reached the peak of $41K, and then contracted significantly in the following year.
| Import of Spices; Vanilla, Crushed or Ground in Iraq (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 9.5 | 1.1 | 18.2 | 16.7 | 20.7% |
| Turkey | 5.8 | 5.6 | 15.9 | 8.5 | 13.6% |
| Lebanon | 18.7 | 6.4 | 3.5 | 1.7 | -55.0% |
| Iran | N/A | N/A | 1.3 | N/A | 0% |
| Saudi Arabia | N/A | N/A | 1.1 | N/A | 0% |
| Others | N/A | N/A | 0.8 | N/A | 0% |
| Total | 34.0 | 13.0 | 40.8 | 26.9 | -7.5% |
Top Suppliers of Spices; Vanilla, Crushed or Ground to Iraq in 2022:
- United Arab Emirates (3.9 tons)
- Turkey (3.6 tons)
- Lebanon (0.2 tons)
Exports of Spices; Vanilla, Crushed or Ground in Iraq
In 2022, spices; vanilla, crushed or ground exports from Iraq declined sharply to 40 kg, waning by -50% compared with the previous year. In general, exports continue to indicate a dramatic decline.
In value terms, spices; vanilla, crushed or ground exports reduced sharply to $459 in 2022. Over the period under review, exports recorded a dramatic curtailment.
| Export of Spices; Vanilla, Crushed or Ground in Iraq (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| Germany | 918 | 459 | -50.0% | ||
| Others | N/A | N/A | 0% | ||
| Total | 918 | 459 | -50.0% | ||
Top Export Markets for Spices; Vanilla, Crushed or Ground from Iraq in 2022:
- Germany (40.0 kg)
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This report provides an in-depth analysis of the vanilla market in Iraq.
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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 Iraq.
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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
5094
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
5248
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
