Price for Spices; Vanilla, Crushed or Ground in the UK - 2023
Contents:
- Price for Spices; Vanilla, Crushed or Ground in the UK (CIF) - 2022
- Price for Spices; Vanilla, Crushed or Ground in the UK (FOB) - 2022
- Imports of Spices; Vanilla, Crushed or Ground in the UK
- Exports of Spices; Vanilla, Crushed or Ground in the UK
Price for Spices; Vanilla, Crushed or Ground in the UK (CIF) - 2022
The average import price for spices; vanilla, crushed or ground stood at $63,038 per ton in 2022, shrinking by -4.5% against the previous year. Overall, the import price, however, showed a buoyant increase. The pace of growth was the most pronounced in 2021 when the average import price increased by 162% against the previous year. As a result, import price reached the peak level of $66,015 per ton, and then reduced modestly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Madagascar ($146,712 per ton), while the price for France ($22,064 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+14.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Vanilla, Crushed or Ground in the UK (FOB) - 2022
In 2022, the average export price for spices; vanilla, crushed or ground amounted to $85,505 per ton, with an increase of 4.8% against the previous year. Over the period under review, the export price showed a significant expansion. The most prominent rate of growth was recorded in 2016 an increase of 256% against the previous year. Over the period under review, the average export prices hit record highs at $140,051 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($131,000 per ton), while the average price for exports to Sweden ($8,283 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 France (+24.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Vanilla, Crushed or Ground in the UK
In 2022, overseas purchases of spices; vanilla, crushed or ground increased by 19% to 46 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, saw a precipitous curtailment.
In value terms, spices; vanilla, crushed or ground imports rose rapidly to $2.9M in 2022. Over the period under review, imports saw buoyant growth. The pace of growth was the most pronounced in 2021 with an increase of 94%. Imports peaked in 2022 and are likely to continue growth in the immediate term.
| Import of Spices; Vanilla, Crushed or Ground in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Madagascar | 522 | 101 | 1,457 | 1,757 | 49.9% |
| Uganda | 1.3 | 64.4 | 35.5 | 348 | 544.5% |
| France | 1,182 | 226 | 383 | 344 | -33.7% |
| Germany | 204 | 119 | 383 | 126 | -14.8% |
| Indonesia | 2.0 | 8.5 | 5.0 | 60.6 | 211.8% |
| United States | 47.1 | 560 | 54.7 | 55.4 | 5.6% |
| Lithuania | 22.8 | 24.1 | N/A | N/A | 5.7% |
| Jamaica | 35.7 | 58.1 | N/A | N/A | 62.7% |
| Others | 127 | 169 | 256 | 235 | 22.8% |
| Total | 2,144 | 1,330 | 2,574 | 2,926 | 10.9% |
Top Suppliers of Spices; Vanilla, Crushed or Ground to the UK in 2022:
- France (15.6 tons)
- Madagascar (12.0 tons)
- Uganda (10.7 tons)
- Germany (2.8 tons)
- Indonesia (1.2 tons)
- United States (1.2 tons)
Exports of Spices; Vanilla, Crushed or Ground in the UK
In 2022, the amount of spices; vanilla, crushed or ground exported from the UK rose significantly to 15 tons, increasing by 6.2% compared with the previous year's figure. Overall, exports, however, showed a abrupt decrease.
In value terms, spices; vanilla, crushed or ground exports expanded sharply to $1.3M in 2022. Over the period under review, exports, however, showed a dramatic setback. The most prominent rate of growth was recorded in 2020 with an increase of 12%. As a result, the exports reached the peak of $3.5M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Spices; Vanilla, Crushed or Ground in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 29.8 | 14.6 | 672 | 584 | 169.6% |
| France | 20.3 | 7.7 | 129 | 272 | 137.5% |
| Germany | 701 | 875 | 144 | 123 | -44.0% |
| Canada | N/A | N/A | N/A | 105 | 0% |
| United States | 31.6 | 153 | 74.0 | 92.8 | 43.2% |
| Sweden | N/A | 0.1 | 17.7 | 22.4 | 1396.7% |
| Ireland | 3.9 | 8.7 | 10.6 | 7.8 | 26.0% |
| Japan | 570 | 1.9 | 1.4 | N/A | -95.0% |
| Austria | 637 | 827 | N/A | N/A | 29.8% |
| Denmark | 777 | 1,202 | 1.9 | N/A | -95.1% |
| Others | 336 | 383 | 126 | 103 | -32.6% |
| Total | 3,106 | 3,473 | 1,177 | 1,310 | -25.0% |
Top Export Markets for Spices; Vanilla, Crushed or Ground from the UK in 2022:
- Netherlands (5.4 tons)
- Sweden (2.7 tons)
- France (2.1 tons)
- United States (1.6 tons)
- Germany (1.1 tons)
- Canada (1.0 tons)
- Ireland (0.6 tons)
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This report provides an in-depth analysis of the vanilla market in the UK.
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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 UK.
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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
