Price for Spices; Vanilla, Not Crushed or Ground in Ecuador - 2022
Contents:
- Price for Spices; Vanilla, Not Crushed or Ground in Ecuador (FOB) - 2022
- Exports of Spices; Vanilla, Not Crushed or Ground in Ecuador
Price for Spices; Vanilla, Not Crushed or Ground in Ecuador (FOB) - 2022
The average export price for vanilla stood at $10,933 per ton in 2022, reducing by -37.6% against the previous year. Over the period under review, the export price showed a noticeable contraction. The most prominent rate of growth was recorded in 2020 an increase of 1,960%. The export price peaked at $203,424 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($21,500 per ton), while the average price for exports to the United States totaled $10,557 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+26.6%), while the prices for the other major destinations experienced mixed trend patterns.
Exports of Spices; Vanilla, Not Crushed or Ground in Ecuador
In 2022, exports of vanilla from Ecuador skyrocketed to 7.7 tons, growing by 263% on the previous year's figure. In general, exports recorded significant growth. The growth pace was the most rapid in 2021 when exports increased by 5,195% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.
In value terms, exports of vanilla skyrocketed to $84K in 2022. Overall, exports saw significant growth. The growth pace was the most rapid in 2020 when exports increased by 11,671% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to see gradual growth in the near future.
| Export of Spices; Vanilla, Not Crushed or Ground in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | N/A | 1.8 | 80.9 | 4394.4% |
| Chile | N/A | N/A | 1.0 | N/A | 0% |
| Others | N/A | 0.8 | 34.3 | 3.3 | 103.1% |
| Total | N/A | 0.8 | 37.1 | 84.2 | 925.9% |
Top Export Markets for Spices; Vanilla, Not Crushed or Ground from Ecuador in 2022:
- United States (7.7 tons)
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This report provides an in-depth analysis of the vanilla market in Ecuador.
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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 Ecuador.
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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
