Price for Spices; Vanilla, Not Crushed or Ground in Norway - 2024
Contents:
- Price for Spices; Vanilla, Not Crushed or Ground in Norway (CIF) - 2024
- Price for Spices; Vanilla, Not Crushed or Ground in Norway (FOB) - 2022
- Imports of Spices; Vanilla, Not Crushed or Ground in Norway
- Exports of Spices; Vanilla, Not Crushed or Ground in Norway
Price for Spices; Vanilla, Not Crushed or Ground in Norway (CIF) - 2024
The average import price for vanilla stood at $333K per ton in January 2024, rising by 6.3% against the previous month. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 when the average import price increased by 52% month-to-month. The import price peaked at $431K per ton in February 2023; however, from March 2023 to January 2024, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was French Polynesia ($547K per ton), while the price for Indonesia ($163K per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Madagascar (-0.9%), while the prices for the other major suppliers experienced a decline.
Price for Spices; Vanilla, Not Crushed or Ground in Norway (FOB) - 2022
In 2022, the average export price for vanilla amounted to $197,147 per ton, increasing by 143% against the previous year. In general, the export price continues to indicate a slight increase. Over the period under review, the average export prices attained the peak figure at $225,480 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($202,238 per ton), while the average price for exports to Maldives stood at $93,143 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+197.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Vanilla, Not Crushed or Ground in Norway
In 2022, purchases abroad of vanilla decreased by -15.8% to 3.9 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports showed a pronounced shrinkage. The pace of growth was the most pronounced in 2020 when imports increased by 9.3%.
In value terms, imports of vanilla reduced rapidly to $1.3M in 2022. Overall, imports showed a deep setback. The smallest decline of -4.8% was in 2020.
| Import of Spices; Vanilla, Not Crushed or Ground in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Madagascar | 911 | 736 | 540 | 1,222 | 10.3% |
| Indonesia | 65.3 | 37.1 | 30.3 | 43.0 | -13.0% |
| India | 10.3 | 6.8 | 18.7 | 29.3 | 41.7% |
| Comoros | 30.1 | 26.9 | 31.7 | N/A | 2.6% |
| Switzerland | 26.7 | 43.1 | 36.4 | N/A | 16.8% |
| Germany | 303 | 272 | 203 | N/A | -18.1% |
| France | 82.5 | 39.1 | 47.9 | N/A | -23.8% |
| Denmark | 158 | 282 | 157 | N/A | -0.3% |
| Czech Republic | 174 | 142 | 101 | N/A | -23.8% |
| Others | 761 | 815 | 637 | 40.2 | -62.5% |
| Total | 2,521 | 2,400 | 1,803 | 1,334 | -19.1% |
Top Suppliers of Spices; Vanilla, Not Crushed or Ground to Norway in 2022:
- Madagascar (3563.0 kg)
- Indonesia (170.0 kg)
- India (94.0 kg)
Exports of Spices; Vanilla, Not Crushed or Ground in Norway
In 2022, approx. 150 kg of vanilla were exported from Norway; jumping by 369% on 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern.
In value terms, exports of vanilla skyrocketed to $30K in 2022. Overall, exports, however, recorded a perceptible curtailment.
| Export of Spices; Vanilla, Not Crushed or Ground in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 5.7 | 31.5 | 2.4 | 28.9 | 71.8% |
| Maldives | N/A | N/A | N/A | 0.7 | 0% |
| Sweden | N/A | 25.0 | N/A | N/A | 0% |
| Ethiopia | 0.5 | N/A | N/A | N/A | 0% |
| Czech Republic | 13.7 | N/A | N/A | N/A | 0% |
| Others | 13.9 | N/A | 0.2 | N/A | -88.0% |
| Total | 33.8 | 56.5 | 2.6 | 29.6 | -4.3% |
Top Export Markets for Spices; Vanilla, Not Crushed or Ground from Norway in 2022:
- Germany (143.0 kg)
- Maldives (7.0 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
