Price for Spices; Vanilla, Not Crushed or Ground in New Zealand - 2024
Contents:
- Price for Spices; Vanilla, Not Crushed or Ground in New Zealand (CIF) - 2022
- Price for Spices; Vanilla, Not Crushed or Ground in New Zealand (FOB) - 2022
- Imports of Spices; Vanilla, Not Crushed or Ground in New Zealand
- Exports of Spices; Vanilla, Not Crushed or Ground in New Zealand
Price for Spices; Vanilla, Not Crushed or Ground in New Zealand (CIF) - 2022
The average import price for vanilla stood at $153,769 per ton in 2022, growing by 2.6% against the previous year. Over the period under review, the import price showed a remarkable increase. The most prominent rate of growth was recorded in 2016 an increase of 82%. Over the period under review, average import prices reached the peak figure at $298,557 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 Tonga ($262,658 per ton), while the price for the United States ($86,738 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+24.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Vanilla, Not Crushed or Ground in New Zealand (FOB) - 2022
The average export price for vanilla stood at $114,524 per ton in 2022, picking up by 14% against the previous year. Overall, the export price continues to indicate a buoyant expansion. The growth pace was the most rapid in 2013 an increase of 99%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($261,367 per ton), while the average price for exports to the UK ($71,649 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 the UK (+26.9%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Spices; Vanilla, Not Crushed or Ground in New Zealand
In 2022, overseas purchases of vanilla were finally on the rise to reach 6 tons after two years of decline. In general, imports recorded a perceptible expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of vanilla surged to $929K in 2022. Over the period under review, imports, however, saw a abrupt curtailment.
| Import of Spices; Vanilla, Not Crushed or Ground in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Uganda | 258 | 65.6 | 107 | 393 | 15.1% |
| Madagascar | 429 | 111 | 52.1 | 183 | -24.7% |
| Papua New Guinea | 621 | 346 | 93.3 | 141 | -39.0% |
| Tonga | 212 | 121 | 61.7 | 79.1 | -28.0% |
| Germany | N/A | 91.1 | 67.4 | 77.3 | -7.9% |
| Australia | 68.1 | 8.8 | 23.5 | 20.1 | -33.4% |
| Others | 74.0 | 34.4 | 52.9 | 36.0 | -21.4% |
| Total | 1,663 | 777 | 458 | 929 | -17.6% |
Top Suppliers of Spices; Vanilla, Not Crushed or Ground to New Zealand in 2022:
- Uganda (3028.0 kg)
- Papua New Guinea (989.0 kg)
- Madagascar (887.0 kg)
- Germany (480.0 kg)
- Tonga (301.0 kg)
- Australia (201.0 kg)
Exports of Spices; Vanilla, Not Crushed or Ground in New Zealand
In 2022, overseas shipments of vanilla decreased by -24.6% to 1.2 tons, falling for the second year in a row after two years of growth. Over the period under review, exports saw a noticeable curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 121% against the previous year. As a result, the exports attained the peak of 2.8 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of vanilla dropped to $133K in 2022. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 19% against the previous year. As a result, the exports reached the peak of $160K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Spices; Vanilla, Not Crushed or Ground in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 84.0 | 37.2 | 69.0 | 66.2 | -7.6% |
| United States | 48.3 | 77.9 | 69.7 | 28.4 | -16.2% |
| Spain | N/A | N/A | N/A | 15.7 | 0% |
| United Kingdom | 0.8 | 37.1 | 7.0 | 11.0 | 139.6% |
| United Arab Emirates | N/A | N/A | N/A | 3.9 | 0% |
| Others | 1.2 | 8.2 | 8.8 | 8.2 | 89.8% |
| Total | 134 | 160 | 155 | 133 | -0.2% |
Top Export Markets for Spices; Vanilla, Not Crushed or Ground from New Zealand in 2022:
- Australia (461.0 kg)
- United States (393.0 kg)
- United Kingdom (154.0 kg)
- Spain (60.0 kg)
- United Arab Emirates (24.0 kg)
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This report provides an in-depth analysis of the vanilla market in New Zealand.
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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 New Zealand.
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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
