Price for Spices; Vanilla, Not Crushed or Ground in Saudi Arabia - 2022
Contents:
- Price for Spices; Vanilla, Not Crushed or Ground in Saudi Arabia (FOB) - 2022
- Price for Spices; Vanilla, Not Crushed or Ground in Saudi Arabia (CIF) - 2022
- Exports of Spices; Vanilla, Not Crushed or Ground in Saudi Arabia
- Imports of Spices; Vanilla, Not Crushed or Ground in Saudi Arabia
Price for Spices; Vanilla, Not Crushed or Ground in Saudi Arabia (FOB) - 2022
The average export price for vanilla stood at $40,400 per ton in 2021, growing by 35% against the previous year. Overall, export price indicated a prominent expansion from 2018 to 2021: its price increased at an average annual rate of +17.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for vanilla increased by +62.1% against 2018 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Bahrain.
From 2018 to 2021, the rate of growth in terms of prices for Sudan amounted to +5.1% per year.
Price for Spices; Vanilla, Not Crushed or Ground in Saudi Arabia (CIF) - 2022
The average import price for vanilla stood at $5,617 per ton in 2021, declining by -29.2% against the previous year. Over the period under review, the import price recorded a drastic downturn. The growth pace was the most rapid in 2014 when the average import price increased by 280%. As a result, import price attained the peak level of $32,456 per ton. From 2015 to 2021, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($469,727 per ton), while the price for Jordan ($1,251 per ton) was amongst the lowest.
From 2013 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+650.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Spices; Vanilla, Not Crushed or Ground in Saudi Arabia
For the third year in a row, Saudi Arabia recorded decline in shipments abroad of vanilla, which decreased by -52.9% to 40 kg in 2022. Overall, exports recorded a sharp slump. The smallest decline of -16.6% was in 2020.
In value terms, exports of vanilla soared to $4K in 2022. In general, exports recorded a dramatic descent.
| Export of Spices; Vanilla, Not Crushed or Ground in Saudi Arabia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Bahrain | N/A | N/A | 3.4 | 0% | |
| Kuwait | 2.8 | 36.0 | N/A | 1185.7% | |
| Sudan | N/A | 118 | N/A | 0% | |
| United Arab Emirates | 236 | 29.4 | N/A | -87.5% | |
| Others | N/A | 18.6 | N/A | 0% | |
| Total | 238 | 202 | 3.4 | -88.0% | |
Top Export Markets for Spices; Vanilla, Not Crushed or Ground from Saudi Arabia in 2022:
- Bahrain (1.5 tons)
Imports of Spices; Vanilla, Not Crushed or Ground in Saudi Arabia
In 2021, approx. 44 tons of vanilla were imported into Saudi Arabia; picking up by 121% compared with 2020 figures. In general, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of vanilla skyrocketed to $247K in 2021. Overall, total imports indicated a significant expansion from 2019 to 2021: its value increased at an average annual rate of +24.3% over the last two years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Spices; Vanilla, Not Crushed or Ground in Saudi Arabia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Jordan | N/A | 79.5 | 76.0 | -4.4% | |
| United Arab Emirates | 92.7 | N/A | 15.5 | -59.1% | |
| Others | 67.0 | 78.3 | 155 | 52.1% | |
| Total | 160 | 158 | 247 | 24.2% | |
Top Suppliers of Spices; Vanilla, Not Crushed or Ground to Saudi Arabia in 2022:
- Jordan (60.8 tons)
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This report provides an in-depth analysis of the vanilla market in Saudi Arabia.
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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 Saudi Arabia.
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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
