Price for Spices; Vanilla, Not Crushed or Ground in Kuwait - 2022
Contents:
- Price for Spices; Vanilla, Not Crushed or Ground in Kuwait (CIF) - 2022
- Imports of Spices; Vanilla, Not Crushed or Ground in Kuwait
Price for Spices; Vanilla, Not Crushed or Ground in Kuwait (CIF) - 2022
In 2022, the average import price for vanilla amounted to $38,596 per ton, surging by 137% against the previous year. In general, the import price recorded moderate growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
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 Spain ($158,373 per ton), while the price for China ($8,113 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+31.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Spices; Vanilla, Not Crushed or Ground in Kuwait
In 2022, imports of vanilla into Kuwait shrank rapidly to 6.2 tons, which is down by -52.7% compared with the previous year. Over the period under review, imports saw a deep contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 284%. As a result, imports attained the peak of 13 tons, and then shrank remarkably in the following year.
In value terms, imports of vanilla rose remarkably to $237K in 2022. Overall, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 150% against the previous year.
| Import of Spices; Vanilla, Not Crushed or Ground in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Madagascar | 130 | 56.1 | 63.1 | 116 | -3.7% |
| United Arab Emirates | 7.0 | 4.5 | 13.5 | 55.8 | 99.8% |
| Spain | 5.3 | 2.8 | 13.1 | 20.0 | 55.7% |
| Saudi Arabia | 2.6 | 3.6 | 15.5 | 11.5 | 64.2% |
| India | 9.3 | 2.1 | 5.2 | 3.8 | -25.8% |
| China | 9.2 | 3.0 | 5.8 | 3.8 | -25.5% |
| Indonesia | 0.3 | 0.1 | 4.4 | 3.3 | 122.4% |
| Switzerland | 68.2 | N/A | N/A | N/A | 0% |
| Syrian Arab Republic | N/A | N/A | 17.2 | N/A | 0% |
| Egypt | N/A | N/A | 44.1 | N/A | 0% |
| Others | 7.4 | 12.4 | 29.6 | 22.8 | 45.5% |
| Total | 239 | 84.7 | 211 | 237 | -0.3% |
Top Suppliers of Spices; Vanilla, Not Crushed or Ground to Kuwait in 2022:
- United Arab Emirates (3750.0 kg)
- Madagascar (738.0 kg)
- Saudi Arabia (613.0 kg)
- China (469.0 kg)
- India (159.0 kg)
- Indonesia (134.0 kg)
- Spain (126.0 kg)
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This report provides an in-depth analysis of the vanilla market in Kuwait.
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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 Kuwait.
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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
