Price for Spices; Vanilla, Not Crushed or Ground in Panama - 2022
Contents:
- Price for Spices; Vanilla, Not Crushed or Ground in Panama (CIF) - 2022
- Imports of Spices; Vanilla, Not Crushed or Ground in Panama
Price for Spices; Vanilla, Not Crushed or Ground in Panama (CIF) - 2022
In 2022, the average import price for vanilla amounted to $8,817 per ton, dropping by -56% against the previous year. Overall, the import price, however, showed moderate growth. The most prominent rate of growth was recorded in 2017 when the average import price increased by 330%. Over the period under review, average import prices attained the maximum at $32,333 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($19,953 per ton), while the price for Vietnam amounted to $7,720 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+206.7%).
Imports of Spices; Vanilla, Not Crushed or Ground in Panama
For the fourth year in a row, Panama recorded growth in supplies from abroad of vanilla, which increased by 441% to 714 kg in 2022. Over the period under review, imports recorded a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 2,867%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, imports of vanilla soared to $6.3K in 2022. Overall, imports saw a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 2,151%. Over the period under review, imports of attained the peak figure in 2022 and are likely to continue growth in the immediate term.
| Import of Spices; Vanilla, Not Crushed or Ground in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | N/A | N/A | N/A | 5.0 | 0% |
| United States | 0.1 | 2.1 | 2.6 | 1.3 | 135.1% |
| Ecuador | N/A | N/A | 0.1 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 0.1 | 2.2 | 2.6 | 6.3 | 297.9% |
Top Suppliers of Spices; Vanilla, Not Crushed or Ground to Panama in 2022:
- Vietnam (650.0 kg)
- United States (64.0 kg)
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This report provides an in-depth analysis of the vanilla market in Panama.
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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 Panama.
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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
