Price for Spices; Vanilla, Not Crushed or Ground in Colombia - 2022
Contents:
- Price for Spices; Vanilla, Not Crushed or Ground in Colombia (CIF) - 2022
- Price for Spices; Vanilla, Not Crushed or Ground in Colombia (FOB) - 2022
- Imports of Spices; Vanilla, Not Crushed or Ground in Colombia
- Exports of Spices; Vanilla, Not Crushed or Ground in Colombia
Price for Spices; Vanilla, Not Crushed or Ground in Colombia (CIF) - 2022
In 2022, the average import price for vanilla amounted to $215,882 per ton, growing by 178% against the previous year. Over the period under review, the import price enjoyed a significant increase. The pace of growth appeared the most rapid in 2016 an increase of 434% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in years to come.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($224,571 per ton), while the price for Papua New Guinea stood at $209,800 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+3,244.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Vanilla, Not Crushed or Ground in Colombia (FOB) - 2022
The average export price for vanilla stood at $4,690 per ton in 2022, remaining stable against the previous year. In general, the export price saw a dramatic curtailment. The most prominent rate of growth was recorded in 2020 when the average export price decreased by -97.8% against the previous year. The export price peaked at $274,000 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for France.
From 2019 to 2022, the rate of growth in terms of prices for France amounted to -72.1% per year.
Imports of Spices; Vanilla, Not Crushed or Ground in Colombia
In 2022, imports of vanilla into Colombia contracted rapidly to 17 kg, with a decrease of -45.2% on the year before. Overall, imports saw a sharp decline. The pace of growth appeared the most rapid in 2021 with an increase of 107%.
In value terms, imports of vanilla surged to $3.7K in 2022. In general, imports saw a precipitous decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 111%.
| Import of Spices; Vanilla, Not Crushed or Ground in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Papua New Guinea | N/A | N/A | N/A | 2.1 | 0% |
| France | 2.8 | N/A | 0.1 | 1.6 | -17.0% |
| China | 2.4 | N/A | N/A | N/A | 0% |
| Germany | 0.6 | N/A | 0.1 | N/A | -59.2% |
| United States | 3.2 | 0.1 | 0.4 | N/A | -64.6% |
| Indonesia | 6.0 | 1.0 | 1.3 | N/A | -53.5% |
| Madagascar | 1.6 | N/A | 0.6 | N/A | -38.8% |
| Others | 3.3 | N/A | N/A | N/A | 0% |
| Total | 19.8 | 1.1 | 2.4 | 3.7 | -42.8% |
Top Suppliers of Spices; Vanilla, Not Crushed or Ground to Colombia in 2022:
- Papua New Guinea (10.0 kg)
- France (7.0 kg)
Exports of Spices; Vanilla, Not Crushed or Ground in Colombia
In 2022, shipments abroad of vanilla decreased by 0% to 29 kg, falling for the second consecutive year after two years of growth. Over the period under review, exports continue to indicate a significant increase. The growth pace was the most rapid in 2020 when exports increased by 1,400% against the previous year. As a result, the exports reached the peak of 45 kg. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of vanilla totaled $136 in 2022. In general, exports continue to indicate a precipitous descent. The smallest decline of -67.2% was in 2020.
| Export of Spices; Vanilla, Not Crushed or Ground in Colombia (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 240 | 77.0 | N/A | 68.0 | -34.3% |
| Spain | 296 | N/A | N/A | N/A | 0% |
| Chile | N/A | 116 | N/A | N/A | 0% |
| Others | 286 | 77.0 | N/A | 68.0 | -38.0% |
| Total | 822 | 270 | N/A | 136 | -45.1% |
Top Export Markets for Spices; Vanilla, Not Crushed or Ground from Colombia in 2022:
- France (13.0 kg)
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This report provides an in-depth analysis of the vanilla market in Colombia.
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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 Colombia.
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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
