Price for Spices; Vanilla, Crushed or Ground in Tanzania - 2022
Contents:
- Price for Spices; Vanilla, Crushed or Ground in Tanzania (CIF) - 2022
- Price for Spices; Vanilla, Crushed or Ground in Tanzania (FOB) - 2022
- Imports of Spices; Vanilla, Crushed or Ground in Tanzania
- Exports of Spices; Vanilla, Crushed or Ground in Tanzania
Price for Spices; Vanilla, Crushed or Ground in Tanzania (CIF) - 2022
The average import price for spices; vanilla, crushed or ground stood at $672 per ton in 2022, declining by -39.9% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 49% against the previous year. As a result, import price attained the peak level of $1,375 per ton. From 2018 to 2022, the average 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 the United Arab Emirates ($1,102 per ton), while the price for India stood at $559 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+18.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Vanilla, Crushed or Ground in Tanzania (FOB) - 2022
The average export price for spices; vanilla, crushed or ground stood at $35,278 per ton in 2022, rising by 3.7% against the previous year. Over the period under review, the export price posted mild growth. The pace of growth appeared the most rapid in 2018 when the average export price increased by 1,459% against the previous year. The export price peaked at $64,170 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($91,667 per ton), while the average price for exports to Germany ($2,500 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 Germany (+9.6%), while the prices for the other major destinations experienced a decline.
Imports of Spices; Vanilla, Crushed or Ground in Tanzania
In 2022, supplies from abroad of spices; vanilla, crushed or ground increased by 676% to 3.1 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports continue to indicate a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, spices; vanilla, crushed or ground imports surged to $2.1K in 2022. Over the period under review, imports, however, recorded a abrupt downturn.
| Import of Spices; Vanilla, Crushed or Ground in Tanzania (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 273 | 813 | 192 | 1,370 | 71.2% |
| United Arab Emirates | 1,744 | 1,001 | 67.0 | 705 | -26.1% |
| United Kingdom | 166 | 130 | 23.0 | N/A | -62.8% |
| South Africa | 710 | 719 | 163 | N/A | -52.1% |
| Others | N/A | 28.0 | N/A | N/A | 0% |
| Total | 2,893 | 2,691 | 445 | 2,075 | -10.5% |
Top Suppliers of Spices; Vanilla, Crushed or Ground to Tanzania in 2022:
- India (2.5 tons)
- United Arab Emirates (0.6 tons)
Exports of Spices; Vanilla, Crushed or Ground in Tanzania
In 2022, shipments abroad of spices; vanilla, crushed or ground decreased by -97.2% to 18 kg for the first time since 2018, thus ending a three-year rising trend. Overall, exports faced a sharp contraction. The pace of growth was the most pronounced in 2021 with an increase of 179% against the previous year. As a result, the exports attained the peak of 641 kg, and then shrank remarkably in the following year.
In value terms, spices; vanilla, crushed or ground exports shrank sharply to $635 in 2022. In general, exports faced a sharp setback. The pace of growth appeared the most rapid in 2020 with an increase of 142%.
| Export of Spices; Vanilla, Crushed or Ground in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | N/A | N/A | N/A | 0.6 | 0% |
| Russia | N/A | N/A | N/A | 0.1 | 0% |
| Kenya | N/A | 0.9 | N/A | N/A | 0% |
| Switzerland | N/A | N/A | 0.3 | N/A | 0% |
| Germany | 1.7 | 6.8 | 5.4 | N/A | 78.2% |
| Burundi | N/A | N/A | 0.1 | N/A | 0% |
| Comoros | N/A | 0.1 | N/A | N/A | 0% |
| France | 1.0 | N/A | N/A | N/A | 0% |
| South Africa | 0.3 | 0.3 | N/A | N/A | 0.0% |
| Israel | N/A | N/A | 0.8 | N/A | 0% |
| Others | 3.1 | 6.6 | 15.2 | N/A | 121.4% |
| Total | 6.1 | 14.8 | 21.8 | 0.6 | -53.8% |
Top Export Markets for Spices; Vanilla, Crushed or Ground from Tanzania in 2022:
- Russia (10.0 kg)
- Japan (6.0 kg)
- Germany (2.0 kg)
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This report provides an in-depth analysis of the vanilla market in Tanzania.
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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 Tanzania.
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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
