Price for Spices; Vanilla, Not Crushed or Ground in Singapore - 2022
Contents:
- Price for Spices; Vanilla, Not Crushed or Ground in Singapore (CIF) - 2022
- Price for Spices; Vanilla, Not Crushed or Ground in Singapore (FOB) - 2022
- Imports of Spices; Vanilla, Not Crushed or Ground in Singapore
- Exports of Spices; Vanilla, Not Crushed or Ground in Singapore
Price for Spices; Vanilla, Not Crushed or Ground in Singapore (CIF) - 2022
The average import price for vanilla stood at $72,906 per ton in 2022, picking up by 24% against the previous year. Overall, the import price posted buoyant growth. The pace of growth was the most pronounced in 2017 an increase of 166% against the previous year. Over the period under review, average import prices reached the maximum at $109,861 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
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 ($312,440 per ton), while the price for Malaysia ($1,000 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Madagascar (+15.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Vanilla, Not Crushed or Ground in Singapore (FOB) - 2022
The average export price for vanilla stood at $46,429 per ton in 2022, with an increase of 44% against the previous year. Overall, the export price recorded perceptible growth. The most prominent rate of growth was recorded in 2016 when the average export price increased by 387%. The export price peaked at $244,539 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($375,830 per ton), while the average price for exports to Indonesia stood at $21,078 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+18.4%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Spices; Vanilla, Not Crushed or Ground in Singapore
In 2022, supplies from abroad of vanilla decreased by -40.1% to 7 tons, falling for the second year in a row after two years of growth. Over the period under review, imports, however, enjoyed perceptible growth. The most prominent rate of growth was recorded in 2020 when imports increased by 156% against the previous year. As a result, imports attained the peak of 17 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of vanilla fell markedly to $509K in 2022. In general, imports recorded a drastic downturn. The pace of growth appeared the most rapid in 2020 when imports increased by 35% against the previous year. As a result, imports attained the peak of $927K. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Spices; Vanilla, Not Crushed or Ground in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 172 | 113 | 181 | 257 | 14.3% |
| Indonesia | 271 | 535 | 191 | 165 | -15.2% |
| Papua New Guinea | 50.2 | 98.4 | 226 | 26.7 | -19.0% |
| Japan | 16.6 | 139 | 23.3 | 14.0 | -5.5% |
| United States | 6.5 | 6.1 | 18.2 | 13.8 | 28.5% |
| Others | 170 | 36.0 | 45.4 | 32.9 | -42.2% |
| Total | 686 | 927 | 685 | 509 | -9.5% |
Top Suppliers of Spices; Vanilla, Not Crushed or Ground to Singapore in 2022:
- Indonesia (3.6 tons)
- Papua New Guinea (1.2 tons)
- France (0.8 tons)
- United States (0.7 tons)
- Japan (0.4 tons)
Exports of Spices; Vanilla, Not Crushed or Ground in Singapore
Exports of vanilla from Singapore declined markedly to 1.4 tons in 2022, which is down by -84.6% compared with the year before. Overall, exports recorded a dramatic decline. The most prominent rate of growth was recorded in 2021 when exports increased by 277% against the previous year. As a result, the exports attained the peak of 9.2 tons, and then dropped rapidly in the following year.
In value terms, exports of vanilla declined rapidly to $66K in 2022. Over the period under review, exports showed a sharp setback. The most prominent rate of growth was recorded in 2021 when exports increased by 209%. As a result, the exports attained the peak of $297K, and then dropped markedly in the following year.
| Export of Spices; Vanilla, Not Crushed or Ground in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | N/A | N/A | 29.8 | 37.6 | 26.2% |
| Indonesia | 125 | 16.9 | 63.5 | 27.1 | -39.9% |
| China | N/A | 64.6 | 196 | N/A | 203.4% |
| Others | 34.4 | 14.8 | 7.8 | 1.3 | -66.4% |
| Total | 159 | 96.3 | 297 | 66.0 | -25.4% |
Top Export Markets for Spices; Vanilla, Not Crushed or Ground from Singapore in 2022:
- Indonesia (1285.0 kg)
- Taiwan (Chinese) (100.0 kg)
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This report provides an in-depth analysis of the vanilla market in Singapore.
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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 Singapore.
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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
