Price for Spices; Vanilla, Crushed or Ground in Myanmar - 2021
Contents:
- Price for Spices; Vanilla, Crushed or Ground in Myanmar (CIF) - 2022
- Imports of Spices; Vanilla, Crushed or Ground in Myanmar
Price for Spices; Vanilla, Crushed or Ground in Myanmar (CIF) - 2022
The average import price for spices; vanilla, crushed or ground stood at $5,130 per ton in 2022, increasing by 146% against the previous year. Overall, the import price, however, saw a abrupt decline. The pace of growth appeared the most rapid in 2019 when the average import price increased by 151%. The import price peaked at $27,113 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
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 Thailand ($6,690 per ton), while the price for South Korea ($1,148 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (-0.7%), while the prices for the other major suppliers experienced a decline.
Imports of Spices; Vanilla, Crushed or Ground in Myanmar
In 2022, overseas purchases of spices; vanilla, crushed or ground decreased by -43.6% to 925 kg, falling for the second year in a row after two years of growth. Over the period under review, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 518%. As a result, imports reached the peak of 1.8 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, spices; vanilla, crushed or ground imports skyrocketed to $4.7K in 2022. In general, imports, however, recorded a relatively flat trend pattern.
Import of Spices; Vanilla, Crushed or Ground in Myanmar (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Thailand | 4.5 | 2.0 | 0.5 | 4.3 | -1.5% |
South Korea | 0.1 | 2.8 | 1.8 | 0.3 | 44.2% |
Malaysia | N/A | 1.2 | 1.0 | 0.2 | -59.2% |
Others | N/A | 0.1 | N/A | N/A | 0% |
Total | 4.6 | 6.1 | 3.4 | 4.7 | 0.7% |
Top Suppliers of Spices; Vanilla, Crushed or Ground to Myanmar in 2022:
- Thailand (645.0 kg)
- South Korea (237.0 kg)
- Malaysia (40.0 kg)
This report provides an in-depth analysis of the vanilla market in Myanmar.
This report provides an in-depth analysis of the global vanilla market.
This report provides an in-depth analysis of the vanilla market in Myanmar.
This report provides an in-depth analysis of the global vanilla market.
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