Price for Spices; Vanilla, Not Crushed or Ground in India - 2022
Contents:
- Price for Spices; Vanilla, Not Crushed or Ground in India (FOB) - 2022
- Price for Spices; Vanilla, Not Crushed or Ground in India (CIF) - 2022
- Exports of Spices; Vanilla, Not Crushed or Ground in India
- Imports of Spices; Vanilla, Not Crushed or Ground in India
Price for Spices; Vanilla, Not Crushed or Ground in India (FOB) - 2022
The average export price for vanilla stood at $136,981 per ton in 2022, dropping by -4.4% against the previous year. Overall, the export price, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2016 an increase of 207% against the previous year. Over the period under review, the average export prices attained the peak figure at $298,668 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($668,832 per ton), while the average price for exports to Saudi Arabia ($18,289 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 Belgium (+38.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Spices; Vanilla, Not Crushed or Ground in India (CIF) - 2022
In 2022, the average import price for vanilla amounted to $147,962 per ton, with a decrease of -39.5% against the previous year. Overall, the import price, however, recorded resilient growth. The most prominent rate of growth was recorded in 2017 when the average import price increased by 127%. Over the period under review, average import prices reached the maximum at $251,847 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
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 Mauritius ($313,793 per ton), while the price for the United States ($23,129 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mauritius (+25.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Spices; Vanilla, Not Crushed or Ground in India
In 2022, shipments abroad of vanilla increased by 13% to 41 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, faced a significant contraction.
In value terms, exports of vanilla rose rapidly to $5.7M in 2022. Over the period under review, exports, however, showed a precipitous decrease.
| Export of Spices; Vanilla, Not Crushed or Ground in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 3.4 | 7.8 | 3.0 | 3.6 | 1.9% |
| Netherlands | 2.1 | 0.6 | 0.6 | 0.6 | -34.1% |
| Germany | 4.5 | 0.8 | 0.4 | 0.4 | -55.4% |
| Poland | 0.1 | 0.1 | 0.1 | 0.2 | 26.0% |
| Saudi Arabia | 0.4 | 0.1 | 0.1 | 0.1 | -37.0% |
| France | 3.3 | 0.2 | 0.2 | 0.1 | -68.8% |
| United Kingdom | 1.2 | N/A | 0.2 | N/A | -59.2% |
| Australia | 2.2 | 1.6 | 0.2 | N/A | -69.8% |
| Others | 2.4 | 0.8 | 0.5 | 0.6 | -37.0% |
| Total | 19.7 | 12.1 | 5.3 | 5.7 | -33.9% |
Top Export Markets for Spices; Vanilla, Not Crushed or Ground from India in 2022:
- United States (28.0 tons)
- Saudi Arabia (7.7 tons)
- Netherlands (0.9 tons)
- Poland (0.8 tons)
- France (0.8 tons)
- Germany (0.7 tons)
- Australia (0.3 tons)
- United Kingdom (0.3 tons)
Imports of Spices; Vanilla, Not Crushed or Ground in India
Imports of vanilla into India fell sharply to 22 tons in 2022, with a decrease of -36.5% compared with the previous year's figure. Over the period under review, imports saw a precipitous slump. The smallest decline of -29.8% was in 2021.
In value terms, imports of vanilla dropped rapidly to $3.3M in 2022. In general, imports saw a dramatic contraction. The smallest decline of -8.2% was in 2020.
| Import of Spices; Vanilla, Not Crushed or Ground in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Madagascar | 8.2 | 9.5 | 7.0 | 2.2 | -35.5% |
| Mauritius | 2.8 | 1.1 | 0.8 | 0.6 | -40.2% |
| Indonesia | 0.1 | 1.0 | 0.5 | 0.2 | 26.0% |
| United States | 1.4 | 0.1 | 0.1 | 0.1 | -58.5% |
| Uganda | 0.4 | 0.2 | N/A | 0.1 | -37.0% |
| Australia | N/A | 0.6 | N/A | N/A | 0% |
| Others | 0.8 | N/A | N/A | N/A | 0% |
| Total | 13.7 | 12.6 | 8.6 | 3.3 | -37.8% |
Top Suppliers of Spices; Vanilla, Not Crushed or Ground to India in 2022:
- Madagascar (15.2 tons)
- United States (2.6 tons)
- Mauritius (2.0 tons)
- Indonesia (1.5 tons)
- Uganda (0.6 tons)
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This report provides an in-depth analysis of the vanilla market in India.
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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 India.
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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
