Price for Spices; Vanilla, Crushed or Ground in Morocco - 2022
Contents:
- Price for Spices; Vanilla, Crushed or Ground in Morocco (CIF) - 2022
- Price for Spices; Vanilla, Crushed or Ground in Morocco (FOB) - 2022
- Imports of Spices; Vanilla, Crushed or Ground in Morocco
- Exports of Spices; Vanilla, Crushed or Ground in Morocco
Price for Spices; Vanilla, Crushed or Ground in Morocco (CIF) - 2022
In 2022, the average import price for spices; vanilla, crushed or ground amounted to $319,267 per ton, with an increase of 796% against the previous year. In general, the import price posted a remarkable increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($739,400 per ton), while the price for Madagascar ($211,739 per ton) was amongst the lowest.
From 2015 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+148.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Vanilla, Crushed or Ground in Morocco (FOB) - 2022
In 2022, the average export price for spices; vanilla, crushed or ground amounted to $20,188 per ton, waning by -96.1% against the previous year. Over the period under review, the export price continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2019 an increase of 87% against the previous year. Over the period under review, the average export prices hit record highs at $513,084 per ton in 2021, and then shrank sharply in the following year.
As there is only one major export destination, the average price level is determined by prices for Oman.
From 2012 to 2022, the rate of growth in terms of prices for France amounted to +32.1% per year.
Imports of Spices; Vanilla, Crushed or Ground in Morocco
In 2022, the amount of spices; vanilla, crushed or ground imported into Morocco shrank notably to 30 kg, reducing by -91.6% on 2021 figures. In general, imports saw a sharp downturn. The smallest decline of -54.4% was in 2020.
In value terms, spices; vanilla, crushed or ground imports reduced notably to $9.6K in 2022. Overall, imports recorded a sharp shrinkage.
| Import of Spices; Vanilla, Crushed or Ground in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Madagascar | 0.4 | N/A | 0.1 | 4.9 | 130.5% |
| Singapore | N/A | 0.1 | N/A | 3.7 | 508.3% |
| France | 140 | 2.6 | N/A | 1.0 | -80.7% |
| Spain | 22.1 | 0.7 | 0.2 | N/A | -90.5% |
| South Korea | 0.9 | N/A | N/A | N/A | 0% |
| Germany | 8.9 | 34.2 | 12.3 | N/A | 17.6% |
| Others | 352 | 39.0 | N/A | N/A | -88.9% |
| Total | 524 | 76.7 | 12.7 | 9.6 | -73.6% |
Top Suppliers of Spices; Vanilla, Crushed or Ground to Morocco in 2022:
- Madagascar (23.0 kg)
- Singapore (5.0 kg)
- France (2.0 kg)
Exports of Spices; Vanilla, Crushed or Ground in Morocco
In 2022, overseas shipments of spices; vanilla, crushed or ground decreased by -97.1% to 16 kg, falling for the second year in a row after two years of growth. Overall, exports recorded a sharp downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 46%. As a result, the exports attained the peak of 1 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, spices; vanilla, crushed or ground exports reduced rapidly to $323 in 2022. Over the period under review, exports showed a precipitous decline. The growth pace was the most rapid in 2021 with an increase of 0.3% against the previous year.
| Export of Spices; Vanilla, Crushed or Ground in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Oman | N/A | N/A | N/A | 0.3 | 0% |
| France | 298 | 228 | 279 | N/A | -3.2% |
| Belgium | N/A | 27.7 | N/A | N/A | 0% |
| Others | 1.0 | 29.7 | 6.9 | N/A | 162.7% |
| Total | 299 | 285 | 286 | 0.3 | -90.0% |
Top Export Markets for Spices; Vanilla, Crushed or Ground from Morocco in 2022:
- Oman (16.0 kg)
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This report provides an in-depth analysis of the vanilla market in Morocco.
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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 Morocco.
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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
5124
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
