Price for Spices; Vanilla, Not Crushed or Ground in Thailand - 2024
Contents:
- Price for Spices; Vanilla, Not Crushed or Ground in Thailand (FOB) - 2022
- Price for Spices; Vanilla, Not Crushed or Ground in Thailand (CIF) - 2022
- Exports of Spices; Vanilla, Not Crushed or Ground in Thailand
- Imports of Spices; Vanilla, Not Crushed or Ground in Thailand
Price for Spices; Vanilla, Not Crushed or Ground in Thailand (FOB) - 2022
In 2022, the average export price for vanilla amounted to $5,955 per ton, dropping by -38.9% against the previous year. Over the period under review, the export price, however, saw moderate growth. The most prominent rate of growth was recorded in 2014 an increase of 517% against the previous year. Over the period under review, the average export prices reached the peak figure at $10,339 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($12,782 per ton), while the average price for exports to Canada ($5,191 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 Lao People's Democratic Republic (+51.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Spices; Vanilla, Not Crushed or Ground in Thailand (CIF) - 2022
In 2022, the average import price for vanilla amounted to $206,447 per ton, falling by -10.5% against the previous year. In general, the import price, however, enjoyed a resilient increase. The pace of growth appeared the most rapid in 2016 when the average import price increased by 147%. The import price peaked at $408,988 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.
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 France ($265,545 per ton), while the price for Uganda ($65,500 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Madagascar (+22.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Spices; Vanilla, Not Crushed or Ground in Thailand
Exports of vanilla from Thailand soared to 116 tons in 2022, with an increase of 109% compared with the previous year's figure. In general, exports enjoyed buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of vanilla skyrocketed to $689K in 2022. The total export value increased at an average annual rate of +4.1% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Spices; Vanilla, Not Crushed or Ground in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 323 | 307 | 235 | 402 | 7.6% |
| Canada | 118 | 119 | 142 | 112 | -1.7% |
| Australia | 61.2 | 71.2 | 70.3 | 74.4 | 6.7% |
| South Korea | N/A | 2.3 | 9.9 | 39.0 | 311.8% |
| South Africa | 26.0 | 17.0 | 39.1 | 30.9 | 5.9% |
| New Zealand | 20.7 | 28.4 | 26.6 | 27.7 | 10.2% |
| Israel | 59.8 | 17.2 | N/A | N/A | -71.2% |
| Others | 3.3 | 5.8 | 15.6 | 3.4 | 1.0% |
| Total | 612 | 569 | 539 | 689 | 4.0% |
Top Export Markets for Spices; Vanilla, Not Crushed or Ground from Thailand in 2022:
- United States (68.9 tons)
- Canada (21.6 tons)
- Australia (13.3 tons)
- New Zealand (5.0 tons)
- South Africa (3.5 tons)
- South Korea (3.0 tons)
Imports of Spices; Vanilla, Not Crushed or Ground in Thailand
In 2022, the amount of vanilla imported into Thailand skyrocketed to 476 kg, growing by 28% on the previous year's figure. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +12.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +61.4% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of vanilla reached $98K in 2022. Overall, imports, however, recorded a abrupt decrease.
| Import of Spices; Vanilla, Not Crushed or Ground in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Madagascar | 42.9 | 8.5 | 34.4 | 45.4 | 1.9% |
| Indonesia | 30.4 | 26.8 | 20.8 | 32.9 | 2.7% |
| France | 60.9 | 33.6 | 19.1 | 8.8 | -47.5% |
| Papua New Guinea | N/A | 15.1 | 5.0 | 4.9 | -43.0% |
| Australia | N/A | N/A | 3.3 | 4.5 | 36.4% |
| Uganda | N/A | 1.6 | 0.9 | 0.8 | -29.3% |
| United States | N/A | N/A | 1.4 | 0.5 | -64.3% |
| Others | 1.6 | 2.3 | 1.1 | 0.6 | -27.9% |
| Total | 136 | 87.8 | 85.8 | 98.3 | -10.3% |
Top Suppliers of Spices; Vanilla, Not Crushed or Ground to Thailand in 2022:
- Indonesia (192.0 kg)
- Madagascar (178.0 kg)
- France (33.0 kg)
- Papua New Guinea (32.0 kg)
- Australia (20.0 kg)
- Uganda (12.0 kg)
- United States (7.0 kg)
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This report provides an in-depth analysis of the vanilla market in Thailand.
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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 Thailand.
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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
