Price for Spices; Vanilla, Crushed or Ground in the United States - 2023
Contents:
- Price for Spices; Vanilla, Crushed or Ground in the United States (CIF) - 2022
- Price for Spices; Vanilla, Crushed or Ground in the United States (FOB) - 2023
- Imports of Spices; Vanilla, Crushed or Ground in the United States
- Exports of Spices; Vanilla, Crushed or Ground in the United States
Price for Spices; Vanilla, Crushed or Ground in the United States (CIF) - 2022
The average import price for spices; vanilla, crushed or ground stood at $64,494 per ton in 2022, shrinking by -9.3% against the previous year. Overall, the import price, however, saw a strong expansion. The growth pace was the most rapid in 2014 when the average import price increased by 62% against the previous year. Over the period under review, average import prices hit record highs at $83,431 per ton in 2017; however, from 2018 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 Germany ($105,517 per ton), while the price for Israel ($3,395 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Madagascar (+17.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Vanilla, Crushed or Ground in the United States (FOB) - 2023
The average export price for spices; vanilla, crushed or ground stood at $52,755 per ton in June 2023, waning by -1.6% against the previous month. In general, the export price, however, saw a measured expansion. The pace of growth was the most pronounced in January 2023 an increase of 166% m-o-m. As a result, the export price reached the peak level of $65,383 per ton. From February 2023 to June 2023, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was France ($79,994 per ton), while the average price for exports to the Dominican Republic ($19,358 per ton) was amongst the lowest.
From July 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Vanilla, Crushed or Ground in the United States
In 2022, after two years of decline, there was growth in purchases abroad of spices; vanilla, crushed or ground, when their volume increased by 4% to 88 tons. Overall, imports, however, showed a noticeable descent.
In value terms, spices; vanilla, crushed or ground imports contracted to $5.7M in 2022. The total import value increased at an average annual rate of +11.5% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 27%. As a result, imports attained the peak of $6M, and then shrank in the following year.
| Import of Spices; Vanilla, Crushed or Ground in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Madagascar | 2,791 | 3,047 | 3,736 | 3,888 | 11.7% |
| France | 46.1 | 334 | 582 | 508 | 122.5% |
| Indonesia | 692 | 553 | 838 | 492 | -10.7% |
| Germany | 68.1 | 393 | 130 | 263 | 56.9% |
| Israel | N/A | N/A | N/A | 62.2 | 0% |
| China | 174 | 120 | 13.6 | 29.4 | -44.7% |
| Mexico | 187 | 23.7 | 20.0 | 15.7 | -56.2% |
| Jordan | 20.7 | 49.8 | N/A | N/A | 140.6% |
| Others | 101 | 214 | 676 | 392 | 57.2% |
| Total | 4,080 | 4,733 | 5,995 | 5,650 | 11.5% |
Top Suppliers of Spices; Vanilla, Crushed or Ground to the United States in 2022:
- Madagascar (44.1 tons)
- Israel (18.3 tons)
- France (10.9 tons)
- Indonesia (6.9 tons)
- Germany (2.5 tons)
- Mexico (0.3 tons)
- China (0.3 tons)
Exports of Spices; Vanilla, Crushed or Ground in the United States
In 2022, shipments abroad of spices; vanilla, crushed or ground increased by 21% to 143 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, continue to indicate a abrupt shrinkage.
In value terms, spices; vanilla, crushed or ground exports skyrocketed to $5M in 2022. Overall, exports, however, showed a pronounced downturn.
| Export of Spices; Vanilla, Crushed or Ground in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 78.2 | 10.4 | 128 | 1,557 | 171.0% |
| France | 2,314 | 4,548 | 277 | 1,079 | -22.5% |
| Canada | 539 | 421 | 733 | 708 | 9.5% |
| Germany | 1,097 | 355 | 845 | 355 | -31.3% |
| Switzerland | 10.0 | 54.5 | 682 | 268 | 199.3% |
| Colombia | 5.6 | N/A | N/A | 141 | 193.1% |
| Costa Rica | 47.0 | 56.4 | 50.0 | 101 | 29.0% |
| United Kingdom | 321 | 779 | 22.0 | 6.2 | -73.2% |
| Belgium | 230 | 220 | N/A | N/A | -4.3% |
| Others | 894 | 517 | 955 | 752 | -5.6% |
| Total | 5,536 | 6,962 | 3,693 | 4,968 | -3.5% |
Top Export Markets for Spices; Vanilla, Crushed or Ground from the United States in 2022:
- France (33.2 tons)
- Netherlands (29.9 tons)
- Canada (23.1 tons)
- Switzerland (13.9 tons)
- Colombia (9.2 tons)
- Germany (8.2 tons)
- Costa Rica (5.3 tons)
- United Kingdom (0.2 tons)
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This report provides an in-depth analysis of the vanilla market in the U.S..
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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 U.S..
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This report provides an in-depth analysis of the global vanilla market.
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In February 2023, the price of vanilla stood at $159 per kg (CIF US), an increase of 9.7% from the previous month.
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The average import vanilla price per ton stood at $186,720 in Apr 2022, dropping by -9% against the previous month.
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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.
