Price for Spices; Vanilla, Crushed or Ground in Norway - 2023
Contents:
- Price for Spices; Vanilla, Crushed or Ground in Norway (CIF) - 2022
- Price for Spices; Vanilla, Crushed or Ground in Norway (FOB) - 2022
- Imports of Spices; Vanilla, Crushed or Ground in Norway
- Exports of Spices; Vanilla, Crushed or Ground in Norway
Price for Spices; Vanilla, Crushed or Ground in Norway (CIF) - 2022
In 2022, the average import price for spices; vanilla, crushed or ground amounted to $227,056 per ton, shrinking by -25.7% against the previous year. Over the period under review, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 an increase of 43%. As a result, import price reached the peak level of $374,317 per ton. From 2018 to 2022, 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 Uganda ($345,434 per ton), while the price for Madagascar ($204,794 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+24.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Vanilla, Crushed or Ground in Norway (FOB) - 2022
In 2022, the average export price for spices; vanilla, crushed or ground amounted to $35,938 per ton, picking up by 5.2% against the previous year. Over the period under review, the export price recorded a mild expansion. The most prominent rate of growth was recorded in 2019 when the average export price increased by 81%. The export price peaked at $91,098 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Finland ($39,173 per ton), while the average price for exports to Denmark ($18,364 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 Finland (+36.7%), while the prices for the other major destinations experienced a decline.
Imports of Spices; Vanilla, Crushed or Ground in Norway
In 2022, purchases abroad of spices; vanilla, crushed or ground decreased by -2% to 1.5 tons, falling for the second consecutive year after two years of growth. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +7.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -23.4% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 64%. As a result, imports attained the peak of 2 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, spices; vanilla, crushed or ground imports reduced notably to $344K in 2022. Over the period under review, imports showed a perceptible slump. The pace of growth appeared the most rapid in 2020 with an increase of 30% against the previous year. As a result, imports attained the peak of $480K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Spices; Vanilla, Crushed or Ground in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Madagascar | 80.6 | 106 | 89.5 | 231 | 42.0% |
| Uganda | N/A | N/A | N/A | 62.9 | 0% |
| Indonesia | 24.2 | 30.4 | 38.8 | 25.5 | 1.8% |
| India | 4.2 | 3.3 | 19.8 | 18.3 | 63.3% |
| Germany | 55.1 | 45.9 | 38.9 | N/A | -16.0% |
| Sweden | 3.6 | 3.3 | 6.0 | N/A | 29.1% |
| France | 25.8 | 35.3 | 46.5 | N/A | 34.3% |
| Denmark | 32.3 | 77.3 | 55.5 | N/A | 31.1% |
| Others | 143 | 178 | 177 | 6.0 | -65.3% |
| Total | 369 | 480 | 472 | 344 | -2.3% |
Top Suppliers of Spices; Vanilla, Crushed or Ground to Norway in 2022:
- Madagascar (1127.0 kg)
- Uganda (182.0 kg)
- Indonesia (116.0 kg)
- India (76.0 kg)
Exports of Spices; Vanilla, Crushed or Ground in Norway
Spices; vanilla, crushed or ground exports from Norway soared to 130 kg in 2022, with an increase of 20% compared with 2021 figures. Overall, exports, however, continue to indicate a abrupt contraction.
In value terms, spices; vanilla, crushed or ground exports surged to $4.7K in 2022. Over the period under review, exports, however, showed a abrupt curtailment.
| Export of Spices; Vanilla, Crushed or Ground in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Finland | N/A | N/A | N/A | 2.0 | 0% |
| Denmark | 3.5 | 4.3 | 0.2 | 0.2 | -61.5% |
| Latvia | N/A | N/A | N/A | N/A | 0% |
| Sweden | 1.0 | 0.6 | N/A | N/A | -40.0% |
| France | 1.8 | N/A | 3.1 | N/A | 31.2% |
| Others | 2.4 | 0.7 | 0.3 | 2.4 | 0.0% |
| Total | 8.7 | 5.7 | 3.7 | 4.7 | -18.6% |
Top Export Markets for Spices; Vanilla, Crushed or Ground from Norway in 2022:
- Finland (52.0 kg)
- Denmark (11.0 kg)
- Latvia (2.0 kg)
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This report provides an in-depth analysis of the vanilla market in Norway.
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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 Norway.
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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
