Price for Spices; Vanilla, Crushed or Ground in the Philippines - 2023
Contents:
- Price for Spices; Vanilla, Crushed or Ground in the Philippines (CIF) - 2022
- Imports of Spices; Vanilla, Crushed or Ground in the Philippines
Price for Spices; Vanilla, Crushed or Ground in the Philippines (CIF) - 2022
In 2022, the average import price for spices; vanilla, crushed or ground amounted to $29,067 per ton, rising by 502% against the previous year. Overall, the import price enjoyed significant growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From 2017 to 2022, the rate of growth in terms of prices for the United States amounted to +42.1% per year.
Imports of Spices; Vanilla, Crushed or Ground in the Philippines
After three years of growth, supplies from abroad of spices; vanilla, crushed or ground decreased by -93% to 1.1 tons in 2022. In general, imports showed a significant decline. The pace of growth was the most pronounced in 2021 with an increase of 138%. As a result, imports reached the peak of 15 tons, and then reduced remarkably in the following year.
In value terms, spices; vanilla, crushed or ground imports declined dramatically to $31K in 2022. Over the period under review, imports recorded a precipitous decrease. The pace of growth appeared the most rapid in 2020 with an increase of 113% against the previous year. As a result, imports attained the peak of $149K. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Spices; Vanilla, Crushed or Ground in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 53.7 | 90.7 | 58.5 | 30.9 | -16.8% |
| Taiwan (Chinese) | N/A | 52.1 | 4.9 | N/A | -90.6% |
| Others | 15.9 | 5.9 | 10.8 | 0.2 | -76.7% |
| Total | 69.7 | 149 | 74.2 | 31.1 | -23.6% |
Top Suppliers of Spices; Vanilla, Crushed or Ground to the Philippines in 2022:
- United States (1068.0 kg)
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This report provides an in-depth analysis of the vanilla market in the Philippines.
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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 the Philippines.
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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
