Price for Spices; Vanilla, Not Crushed or Ground in Kenya - 2022
Contents:
- Price for Spices; Vanilla, Not Crushed or Ground in Kenya (FOB) - 2022
- Price for Spices; Vanilla, Not Crushed or Ground in Kenya (CIF) - 2022
- Exports of Spices; Vanilla, Not Crushed or Ground in Kenya
- Imports of Spices; Vanilla, Not Crushed or Ground in Kenya
Price for Spices; Vanilla, Not Crushed or Ground in Kenya (FOB) - 2022
In 2022, the average export price for vanilla amounted to $9,639 per ton, falling by -50% against the previous year. Overall, the export price saw a precipitous slump. The growth pace was the most rapid in 2018 an increase of 987%. As a result, the export price attained the peak level of $258,225 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Rwanda.
From 2012 to 2022, the rate of growth in terms of prices for Austria amounted to +0.7% per year.
Price for Spices; Vanilla, Not Crushed or Ground in Kenya (CIF) - 2022
In 2022, the average import price for vanilla amounted to $23,644 per ton, waning by -57.7% against the previous year. Over the period under review, the import price, however, saw buoyant growth. The growth pace was the most rapid in 2021 when the average import price increased by 262% against the previous year. As a result, import price reached the peak level of $55,831 per ton, and then fell notably in the following year.
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 Madagascar ($39,000 per ton), while the price for Tanzania totaled $23,295 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+16.1%), while the prices for the other major suppliers experienced a decline.
Exports of Spices; Vanilla, Not Crushed or Ground in Kenya
In 2022, the amount of vanilla exported from Kenya dropped slightly to 410 kg, stabilizing at 2021 figures. Overall, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 20,600% against the previous year. As a result, the exports reached the peak of 414 kg, leveling off in the following year.
In value terms, exports of vanilla declined remarkably to $4K in 2022. In general, exports, however, saw significant growth. The growth pace was the most rapid in 2021 when exports increased by 27,434%. As a result, the exports reached the peak of $8K, and then reduced dramatically in the following year.
| Export of Spices; Vanilla, Not Crushed or Ground in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Rwanda | N/A | N/A | 2.6 | 3.9 | 50.0% |
| France | 0.7 | N/A | 5.0 | N/A | 167.3% |
| Others | N/A | N/A | 0.4 | N/A | 0% |
| Total | 0.7 | N/A | 8.0 | 4.0 | 78.8% |
Top Export Markets for Spices; Vanilla, Not Crushed or Ground from Kenya in 2022:
- Rwanda (400.0 kg)
Imports of Spices; Vanilla, Not Crushed or Ground in Kenya
In 2022, overseas purchases of vanilla were finally on the rise to reach 90 kg for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, faced a sharp descent.
In value terms, imports of vanilla shrank notably to $2.1K in 2022. Over the period under review, imports, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 99%. As a result, imports attained the peak of $4.6K, and then dropped notably in the following year.
| Import of Spices; Vanilla, Not Crushed or Ground in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Tanzania | N/A | N/A | 1.2 | 2.0 | 66.7% |
| Madagascar | N/A | N/A | 1.7 | 0.1 | -94.1% |
| United Arab Emirates | 2.5 | 2.3 | 1.3 | N/A | -27.9% |
| Others | N/A | N/A | 0.5 | N/A | 0% |
| Total | 2.5 | 2.3 | 4.6 | 2.1 | -5.6% |
Top Suppliers of Spices; Vanilla, Not Crushed or Ground to Kenya in 2022:
- Tanzania (88.0 kg)
- Madagascar (2.0 kg)
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This report provides an in-depth analysis of the vanilla market in Kenya.
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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 Kenya.
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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
