Price for Spices; Vanilla, Crushed or Ground in Chile - 2023
Contents:
- Price for Spices; Vanilla, Crushed or Ground in Chile (FOB) - 2022
- Price for Spices; Vanilla, Crushed or Ground in Chile (CIF) - 2022
- Exports of Spices; Vanilla, Crushed or Ground in Chile
- Imports of Spices; Vanilla, Crushed or Ground in Chile
Price for Spices; Vanilla, Crushed or Ground in Chile (FOB) - 2022
In 2022, the average export price for spices; vanilla, crushed or ground amounted to $13,873 per ton, surging by 8.4% against the previous year. In general, the export price, however, continues to indicate a abrupt curtailment. Over the period under review, the average export prices reached the peak figure at $25,300 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Uruguay.
From 2013 to 2022, the rate of growth in terms of prices for Bolivia amounted to -7.6% per year.
Price for Spices; Vanilla, Crushed or Ground in Chile (CIF) - 2022
In 2022, the average import price for spices; vanilla, crushed or ground amounted to $47,231 per ton, picking up by 513% against the previous year. In general, the import price continues to indicate a significant increase. The most prominent rate of growth was recorded in 2013 an increase of 1,367% against the previous year. The import price peaked at $124,222 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Mexico.
From 2012 to 2022, the rate of growth in terms of prices for the Dominican Republic amounted to +75.7% per year.
Exports of Spices; Vanilla, Crushed or Ground in Chile
For the third consecutive year, Chile recorded growth in overseas shipments of spices; vanilla, crushed or ground, which increased by 119% to 769 kg in 2022. Overall, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, spices; vanilla, crushed or ground exports surged to $11K in 2022. In general, exports showed a significant expansion. 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 Chile (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Uruguay | 3.0 | 4.3 | 10.7 | 88.9% | |
| Ecuador | 0.8 | N/A | N/A | 0% | |
| Austria | 0.2 | 0.2 | N/A | 0.0% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 4.0 | 4.5 | 10.7 | 63.6% | |
Top Export Markets for Spices; Vanilla, Crushed or Ground from Chile in 2022:
- Uruguay (769.0 kg)
Imports of Spices; Vanilla, Crushed or Ground in Chile
In 2022, purchases abroad of spices; vanilla, crushed or ground decreased by -90% to 26 kg, falling for the second year in a row after two years of growth. In general, imports showed a dramatic slump. The most prominent rate of growth was recorded in 2020 with an increase of 139% against the previous year. As a result, imports attained the peak of 1.9 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, spices; vanilla, crushed or ground imports fell notably to $1.2K in 2022. Over the period under review, imports continue to indicate a sharp descent. The most prominent rate of growth was recorded in 2020 with an increase of 182% against the previous year. As a result, imports reached the peak of $19K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Spices; Vanilla, Crushed or Ground in Chile (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 2.1 | 0.2 | 0.2 | 1.2 | -17.0% |
| Spain | 0.5 | N/A | N/A | N/A | 0% |
| Dominican Republic | N/A | 3.0 | 1.2 | N/A | -60.0% |
| Colombia | N/A | N/A | N/A | N/A | 0% |
| China | N/A | 10.1 | N/A | N/A | 0% |
| Peru | N/A | N/A | N/A | N/A | 0% |
| Madagascar | 4.2 | 4.3 | 0.6 | N/A | -62.2% |
| Others | N/A | 1.8 | N/A | N/A | 0% |
| Total | 6.9 | 19.4 | 2.0 | 1.2 | -44.2% |
Top Suppliers of Spices; Vanilla, Crushed or Ground to Chile in 2022:
- Mexico (26.0 kg)
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This report provides an in-depth analysis of the vanilla market in Chile.
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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 Chile.
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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
