Price for Spices; Vanilla, Crushed or Ground in Saudi Arabia - 2021
Contents:
- Price for Spices; Vanilla, Crushed or Ground in Saudi Arabia (FOB) - 2022
- Exports of Spices; Vanilla, Crushed or Ground in Saudi Arabia
Price for Spices; Vanilla, Crushed or Ground in Saudi Arabia (FOB) - 2022
The average export price for spices; vanilla, crushed or ground stood at $10,754 per ton in 2022, which is down by -14.4% against the previous year. In general, the export price saw a perceptible reduction. The pace of growth was the most pronounced in 2020 when the average export price increased by 88% against the previous year. The export price peaked at $16,523 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($10,818 per ton), while the average price for exports to Bahrain stood at $9,108 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Yemen (+220.8%), while the prices for the other major destinations experienced mixed trend patterns.
Exports of Spices; Vanilla, Crushed or Ground in Saudi Arabia
After three years of growth, overseas shipments of spices; vanilla, crushed or ground decreased by -15.5% to 89 tons in 2022. Over the period under review, exports, however, showed significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 146%.
In value terms, spices; vanilla, crushed or ground exports dropped markedly to $955K in 2022. Overall, exports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 363% against the previous year.
| Export of Spices; Vanilla, Crushed or Ground in Saudi Arabia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | N/A | 334 | 828 | 921 | 66.1% |
| Bahrain | 68.3 | 71.1 | 86.0 | 32.1 | -22.3% |
| Iraq | N/A | N/A | 1.9 | N/A | 0% |
| Sudan | 4.5 | 9.3 | 94.1 | N/A | 357.3% |
| Oman | 27.8 | 163 | 205 | N/A | 171.6% |
| Yemen | 26.9 | N/A | N/A | N/A | 0% |
| Others | N/A | 13.2 | 103 | 1.6 | -65.2% |
| Total | 128 | 591 | 1,319 | 955 | 95.4% |
Top Export Markets for Spices; Vanilla, Crushed or Ground from Saudi Arabia in 2022:
- United Arab Emirates (85.1 tons)
- Bahrain (3.5 tons)
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This report provides an in-depth analysis of the vanilla market in Saudi Arabia.
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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 Saudi Arabia.
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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
