Price for Spices; Vanilla, Crushed or Ground in Luxembourg - 2023
Contents:
- Price for Spices; Vanilla, Crushed or Ground in Luxembourg (CIF) - 2022
- Price for Spices; Vanilla, Crushed or Ground in Luxembourg (FOB) - 2022
- Imports of Spices; Vanilla, Crushed or Ground in Luxembourg
- Exports of Spices; Vanilla, Crushed or Ground in Luxembourg
Price for Spices; Vanilla, Crushed or Ground in Luxembourg (CIF) - 2022
In 2022, the average import price for spices; vanilla, crushed or ground amounted to $103,900 per ton, jumping by 22% against the previous year. In general, the import price showed a buoyant expansion. The most prominent rate of growth was recorded in 2018 when the average import price increased by 292%. The import price peaked in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Papua New Guinea ($334,934 per ton), while the price for Denmark ($26,176 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+22.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Vanilla, Crushed or Ground in Luxembourg (FOB) - 2022
In 2022, the average export price for spices; vanilla, crushed or ground amounted to $171,127 per ton, increasing by 11% against the previous year. Overall, the export price saw significant growth. The most prominent rate of growth was recorded in 2017 an increase of 65% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($288,526 per ton), while the average price for exports to Belgium ($110,313 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+43.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Vanilla, Crushed or Ground in Luxembourg
In 2022, overseas purchases of spices; vanilla, crushed or ground decreased by -41.7% to 1 tons, falling for the second year in a row after two years of growth. In general, imports recorded a dramatic descent. The most prominent rate of growth was recorded in 2020 when imports increased by 5.5% against the previous year. As a result, imports attained the peak of 2.6 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, spices; vanilla, crushed or ground imports shrank markedly to $108K in 2022. Over the period under review, imports continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2020 with an increase of 5.9% against the previous year.
| Import of Spices; Vanilla, Crushed or Ground in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Papua New Guinea | 36.7 | 28.1 | 39.9 | 50.6 | 11.3% |
| France | 32.7 | 20.5 | 34.2 | 19.2 | -16.3% |
| Madagascar | 9.2 | 15.4 | 15.4 | 10.4 | 4.2% |
| Germany | 10.1 | 12.3 | 11.5 | 5.8 | -16.9% |
| Netherlands | 16.3 | 17.0 | 12.6 | 4.4 | -35.4% |
| Belgium | 2.7 | 25.6 | 19.0 | 3.9 | 13.0% |
| Denmark | 0.4 | 0.9 | 0.5 | 0.4 | 0.0% |
| Ireland | 30.2 | 22.5 | 5.0 | N/A | -59.3% |
| Others | 2.6 | 6.9 | 13.9 | 13.0 | 71.0% |
| Total | 141 | 149 | 152 | 108 | -8.5% |
Top Suppliers of Spices; Vanilla, Crushed or Ground to Luxembourg in 2022:
- France (464.0 kg)
- Papua New Guinea (151.0 kg)
- Madagascar (122.0 kg)
- Belgium (59.0 kg)
- Netherlands (38.0 kg)
- Germany (38.0 kg)
- Denmark (17.0 kg)
Exports of Spices; Vanilla, Crushed or Ground in Luxembourg
Spices; vanilla, crushed or ground exports from Luxembourg surged to 79 kg in 2022, with an increase of 52% on the previous year. Overall, exports, however, recorded a abrupt slump.
In value terms, spices; vanilla, crushed or ground exports surged to $14K in 2022. In general, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Spices; Vanilla, Crushed or Ground in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 3.4 | 2.3 | 3.1 | 5.5 | 17.4% |
| Belgium | 1.4 | 2.3 | 3.6 | 5.3 | 55.9% |
| Germany | 1.8 | 0.5 | 1.3 | 2.7 | 14.5% |
| Others | 0.3 | N/A | 0.1 | N/A | -42.3% |
| Total | 6.9 | 5.1 | 8.1 | 13.5 | 25.1% |
Top Export Markets for Spices; Vanilla, Crushed or Ground from Luxembourg in 2022:
- Belgium (48.0 kg)
- France (19.0 kg)
- Germany (12.0 kg)
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This report provides an in-depth analysis of the vanilla market in Luxembourg.
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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 Luxembourg.
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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
