Price for Spices; Vanilla, Not Crushed or Ground in Ethiopia - 2022
Contents:
- Price for Spices; Vanilla, Not Crushed or Ground in Ethiopia (CIF) - 2022
- Imports of Spices; Vanilla, Not Crushed or Ground in Ethiopia
Price for Spices; Vanilla, Not Crushed or Ground in Ethiopia (CIF) - 2022
The average import price for vanilla stood at $43,571 per ton in 2021, increasing by 69% against the previous year. Overall, the import price enjoyed a significant increase. The pace of growth was the most pronounced in 2018 when the average import price increased by 3,265% against the previous year. The import price peaked in 2021 and is likely to continue growth in the near future.
As there is only one major supplying country, the average price level is determined by prices for Italy.
From 2014 to 2021, the rate of growth in terms of prices for Italy amounted to +122.3% per year.
Imports of Spices; Vanilla, Not Crushed or Ground in Ethiopia
In 2021, the amount of vanilla imported into Ethiopia contracted sharply to 7 kg, declining by -86.5% compared with the previous year. Over the period under review, imports recorded a significant curtailment. The smallest decline of -71.1% was in 2020.
In value terms, imports of vanilla fell sharply to $305 in 2021. Overall, imports recorded a precipitous shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by 18% against the previous year. As a result, imports attained the peak of $1.3K, and then shrank remarkably in the following year.
Import of Spices; Vanilla, Not Crushed or Ground in Ethiopia (USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
Italy | N/A | 392 | 305 | -22.2% | |
Norway | 1,134 | N/A | N/A | 0% | |
South Africa | N/A | 4.0 | N/A | 0% | |
Madagascar | N/A | 947 | N/A | 0% | |
Others | 3.0 | N/A | N/A | 0% | |
Total | 1,137 | 1,343 | 305 | -48.2% |
Top Suppliers of Spices; Vanilla, Not Crushed or Ground to Ethiopia in 2022:
- Italy (7.0 kg)
This report provides an in-depth analysis of the vanilla market in Ethiopia.
This report provides an in-depth analysis of the global vanilla market.
This report provides an in-depth analysis of the vanilla market in Ethiopia.
This report provides an in-depth analysis of the global vanilla market.
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
Global vanilla consumption amounted to X thousand tons in 2015, stabilizing at the previous year level.
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
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
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.
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.
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
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.
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
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