Price for Spices; Vanilla, Crushed or Ground in Brazil - 2023
Contents:
- Price for Spices; Vanilla, Crushed or Ground in Brazil (CIF) - 2022
- Price for Spices; Vanilla, Crushed or Ground in Brazil (FOB) - 2022
- Imports of Spices; Vanilla, Crushed or Ground in Brazil
- Exports of Spices; Vanilla, Crushed or Ground in Brazil
Price for Spices; Vanilla, Crushed or Ground in Brazil (CIF) - 2022
In 2022, the average import price for spices; vanilla, crushed or ground amounted to $134,821 per ton, picking up by 11% against the previous year. In general, the import price posted significant growth. The pace of growth was the most pronounced in 2013 when the average import price increased by 332%. Over the period under review, average import prices hit record highs at $189,781 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat 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 Indonesia ($185,750 per ton), while the price for Ecuador ($91,927 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+44.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Vanilla, Crushed or Ground in Brazil (FOB) - 2022
The average export price for spices; vanilla, crushed or ground stood at $12,000 per ton in 2022, increasing by 152% against the previous year. Over the period under review, the export price, however, recorded a perceptible reduction. The most prominent rate of growth was recorded in 2018 when the average export price increased by 4,033%. As a result, the export price attained the peak level of $227,333 per ton. From 2019 to 2022, the average 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 Marshall Islands ($15,182 per ton), while the average price for exports to Portugal ($2,000 per ton) was amongst the lowest.
From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Greenland (+146.6%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Spices; Vanilla, Crushed or Ground in Brazil
In 2022, approx. 140 kg of spices; vanilla, crushed or ground were imported into Brazil; growing by 419% on the previous year. In general, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, spices; vanilla, crushed or ground imports soared to $19K in 2022. Overall, imports enjoyed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Spices; Vanilla, Crushed or Ground in Brazil (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | N/A | N/A | N/A | 11.1 | 0% |
| Ecuador | N/A | N/A | N/A | 5.1 | 0% |
| Uganda | N/A | N/A | 2.4 | 2.7 | 12.5% |
| China | 0.2 | N/A | N/A | N/A | 0% |
| Italy | 0.2 | N/A | 0.9 | N/A | 112.1% |
| Madagascar | 4.4 | 3.4 | N/A | N/A | -22.7% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 4.8 | 3.4 | 3.3 | 18.9 | 57.9% |
Top Suppliers of Spices; Vanilla, Crushed or Ground to Brazil in 2022:
- Indonesia (60.0 kg)
- Ecuador (55.0 kg)
- Uganda (25.0 kg)
Exports of Spices; Vanilla, Crushed or Ground in Brazil
In 2022, overseas shipments of spices; vanilla, crushed or ground decreased by -40% to 15 kg, falling for the second year in a row after two years of growth. Over the period under review, exports showed a deep contraction. The pace of growth appeared the most rapid in 2020 when exports increased by 125% against the previous year. As a result, the exports reached the peak of 45 kg. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, spices; vanilla, crushed or ground exports soared to $180 in 2022. Overall, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +18.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +65.1% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Spices; Vanilla, Crushed or Ground in Brazil (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Marshall Islands | N/A | N/A | N/A | 167 | 0% |
| Liberia | N/A | N/A | N/A | 5.0 | 0% |
| Portugal | N/A | N/A | N/A | 4.0 | 0% |
| Bahamas | N/A | N/A | N/A | 4.0 | 0% |
| France | 54.0 | N/A | 1.0 | N/A | -86.4% |
| Angola | N/A | 3.0 | N/A | N/A | 0% |
| Netherlands | N/A | N/A | 117 | N/A | 0% |
| Saudi Arabia | N/A | 141 | N/A | N/A | 0% |
| Others | 55.0 | N/A | 1.0 | N/A | -86.5% |
| Total | 109 | 144 | 119 | 180 | 18.2% |
Top Export Markets for Spices; Vanilla, Crushed or Ground from Brazil in 2022:
- Marshall Islands (11.0 kg)
- Portugal (2.0 kg)
- Bahamas (1.0 kg)
- Liberia (1.0 kg)
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This report provides an in-depth analysis of the vanilla market in Brazil.
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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 Brazil.
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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
