Madagascar Remains the Main Supplier of Vanilla in the World

Spices, Aromatic, Drug And Pharmaceutical Crops May 17, 2018
World - Vanilla - Market Analysis, Forecast, Size, Trends and Insights

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IndexBox has just published a new report "World: Vanilla - Market Report. Analysis And Forecast To 2025". Here is a summary of the report’s key findings.

In 2016, Vanilla Consumption Decreased Sharply

In 2016, the vanilla market dropped to X tonnes, 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 the food, flavours and cosmetic industries. Shrinkage of the world vanilla market was caused by a supply shortage, which led to a record level price increase. Price surge provoked a significant increase in the vanilla market value from 2011 to 2016. In 2016, the market value reached $ X, which is twice the level of 2015 and X times higher than the level of 2007. 

The U.S. and Indonesia Remain the Main Consumers of Vanilla

The countries with the highest consumption are the U.S. (X%) and Indonesia (X%), followed by Papua New Guinea (X%), Mexico (X%) and France (X%), together comprising almost X% of global consumption. 

Amongst the leading consuming countries, the highest level of per capita consumption was recorded in Papua New Guinea (X gr/year), while the global average per capita consumption of vanilla was estimated at X gr/year in 2016. The other countries, which are listed above as the largest consumers of vanilla, also showed per capita vanilla consumption above the world average: France (X gr/year), the U.S. (X gr/year), Indonesia (X gr/year) and Mexico (X gr/year). The high level of vanilla consumption in these countries is due to its widespread use in the food and perfume industries.

A Moderate Growth in Vanilla Consumption is Forecast in the Medium Term 

The world vanilla market largely depends on the production in Madagascar. In the medium term, production in Madagascar can fluctuate significantly due to crop losses. Speculation in the market exacerbates the situation by artificially inflating vanilla price. 

Significant consumption growth in terms of the vanilla market is not currently forecast. In 2017, it is expected that the world market will continue to shrink due to harvest losses in Madagascar after a strong cyclone, which reduced the crops by about X%. However, by 2025 the world market is expected to grow by + X% on average per year. By 2025, the market is expected to grow to X tonnes against the backdrop of the growing demand from the food industry for vanilla as a natural flavor. A number of factors, including the impact of poor weather conditions on production figures, and price speculation, can both result in considerable market fluctuations, as noted in recent years.  

Production of Vanilla Declined Steadily over the Last Years

Global vanilla manufacturing illustrated negative dynamics in terms of production over the last few years. In 2016, the volume of production dropped to X tonnes, falling with a CAGR of -X% from 2007 to 2016. The reduction in world vanilla production is caused by a decrease in yields in Madagascar and Indonesia due to crop losses against the backdrop of poor weather conditions, drought and harvesting vanilla beans at an immature stage by small producers.

Madagascar Produced Approx. Half of Global Vanilla Output

Madagascar was the key world vanilla producing country with an output of about X tonnes in 2016, which accounted for X% of total global output. The other major producers were Indonesia (X%), Papua New Guinea (X%) and Mexico (X%).

Almost Entire Vanilla Production Volume is Intended for Exports

Vanilla is a widely traded commodity, with the share of exports in total global output at approx. X% in 2016. The high trade intensity is determined mainly by the substantial distances between the main centers of vanilla production and the key consuming countries. In addition, the significant exports share in production is due to the fact that importers pre-stocked vanilla beans, in anticipation of a price hike and in 2016, exports increased.

Madagascar Remains the Main Supplier of Vanilla in the World

In 2016, the volume of global exports totaled X tonnes, going down by -X% against the previous year level. Despite of a significant drop in 2016, overall, the global vanilla exports indicated a pronounced growth from 2007 to 2016. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. The total exports volume increased at an average annual rate of +X% over the last X years. Over the period under review, the global vanilla exports attained its maximum volume of X tonnes in 2015. However, in 2016, the total vanilla exports declined to the level of 2009 and 2012.

In 2016, Madagascar remained the largest exporter of vanilla in the world, comprising X% of total exports. It was followed by Indonesia (X%), France (X%), Germany (X%) and the U.S. (X%), Canada (X%) and Belgium (X%). From 2007 to 2016, the countries which increased vanilla exports to the international market most were Belgium (+X%) and the U.S. (+X%). Exports from the other countries (including Madagascar) remained relatively stable over the period under review. 

The U.S. Remains the Largest Consumer of Global Vanilla Imports 

The volume of global imports totaled X tonnes in 2016. Imports dynamics was generally in line with exports: these trade flows globally complement each other. 

In 2016, the U.S. (X%, based in physical terms) was the leading destination of vanilla imports. It was followed by France (X%), Germany (X%), the Netherlands (X%), the UK (X%), Belgium (X%) and Canada (X%). All these countries together made up X% of global vanilla imports. 

Among the major importing countries Belgium (+X%) gained the highest annual growth rates from 2007 to 2016, while the Netherlands (+X%) displayed more modest paces of growth. 

The UK (-X percentage points), the U.S. (-X percentage points) and Canada (-X percentage points) saw their shares in global vanilla imports reduced. Meanwhile, the shares of the other countries remained relatively stable throughout the analyzed period.

Do you want to know more about global vanilla market? Get the latest trends and insight from our report. It includes a wide range of statistics on

  • vanilla market share
  • vanilla prices
  • vanilla industry
  • vanilla sales
  • vanilla import
  • vanilla export
  • vanilla market forecast
  • vanilla price forecast
  • key vanilla producers

Source: World: Vanilla - Market Report. Analysis And Forecast To 2025

Product coverage:
FCL 692 - Vanilla.

This report provides an in-depth analysis of the global vanilla market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.

Country coverage: Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries (United States, China, Japan, Germany, United Kingdom, France, Brazil, Italy, Russian Federation, India, Canada, Australia, Republic of Korea, Spain, Mexico, Indonesia, Netherlands, Turkey, Saudi Arabia, Switzerland, Sweden, Nigeria, Poland, Belgium, Argentina, Norway, Austria, Thailand, United Arab Emirates, Colombia, Denmark, South Africa, Malaysia, Israel, Singapore, Egypt, Philippines, Finland, Chile, Ireland, Pakistan, Greece, Portugal, Kazakhstan, Algeria, Czech Republic, Qatar, Peru, Romania, Vietnam) + the largest producing countries.

Data coverage:
• Market volume and value;
• Per Capita consumption;
• Forecast of the market dynamics in the medium term;
• Production, split by region and country;
• Trade (exports and imports);
• Export and import prices;
• Market trends, drivers and restraints;
• Key market players and their profiles.

Reasons to buy this report:
• Take advantage of the latest data;
• Find deeper insights into current market developments;
• Discover vital success factors affecting the market.

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues

1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
1.1 REPORT DESCRIPTION
1.2 RESEARCH METHODOLOGY AND AI PLATFORM
1.3 DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4 GLOSSARY AND SPECIFIC TERMS

2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
2.1 KEY FINDINGS
2.2 MARKET TRENDS

3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
3.1 MARKET SIZE
3.2 CONSUMPTION BY COUNTRY
3.3 MARKET FORECAST TO 2025

4. MOST PROMISING PRODUCTS
Finding New Products to Diversify Your Business
NOTE: THIS CHAPTER IS AVAILABLE ONLY FOR PROFESSIONAL EDITION
4.1 TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2 BEST-SELLING PRODUCTS
4.3 MOST CONSUMED PRODUCT
4.4 MOST TRADED PRODUCT
4.5 MOST PROFITABLE PRODUCT FOR EXPORT

5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
NOTE: THIS CHAPTER IS AVAILABLE ONLY FOR PROFESSIONAL EDITION
5.1 TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2 TOP PRODUCING COUNTRIES
5.3 COUNTRIES WITH TOP YIELDS
5.4 TOP EXPORTING COUNTRIES
5.5 LOW-COST EXPORTING COUNTRIES

6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
NOTE: THIS CHAPTER IS AVAILABLE ONLY FOR PROFESSIONAL EDITION
6.1 TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2 TOP CONSUMING MARKETS
6.3 UNSATURATED MARKETS
6.4 TOP IMPORTING MARKETS
6.5 MOST PROFITABLE MARKETS

7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
7.1 PRODUCTION VOLUME AND VALUE
7.2 PRODUCTION BY COUNTRY
7.3 HARVESTED AREA AND YIELD BY COUNTRY

8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
8.1 IMPORTS FROM 2007–2017
8.2 IMPORTS BY COUNTRY
8.3 IMPORT PRICES BY COUNTRY

9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
9.1 EXPORTS FROM 2007–2017
9.2 EXPORTS BY COUNTRY
9.3 EXPORT PRICES BY COUNTRY

10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
NOTE: THIS CHAPTER IS AVAILABLE ONLY FOR PROFESSIONAL EDITION

11. COUNTRY PROFILES
The Largest Markets And Their Profiles
NOTE: THIS CHAPTER IS AVAILABLE ONLY FOR PROFESSIONAL EDITION
United States
China
Japan
Germany
United Kingdom
France
Brazil
Italy
Russian Federation
India
Canada
Australia
Republic of Korea
Spain
Mexico
Indonesia
Netherlands
Turkey
Saudi Arabia
Switzerland
Sweden
Nigeria
Poland
Belgium
Argentina
Norway
Austria
Thailand
United Arab Emirates
Colombia
Denmark
South Africa
Malaysia
Israel
Singapore
Egypt
Philippines
Finland
Chile
Ireland
Pakistan
Greece
Portugal
Kazakhstan
Algeria
Czech Republic
Qatar
Peru
Romania
Vietnam

LIST OF TABLES
Table 1: Key Findings In 2017
Table 2: Market Volume, In Physical Terms, 2007–2017
Table 3: Market Value, 2007–2017
Table 4: Per Capita Consumption, By Country, 2015-2017
Table 5: Production, In Physical Terms, By Country, 2007–2017
Table 6: Harvested Area, By Country, 2007-2017
Table 7: Yield, By Country, 2007-2017
Table 8: Imports, In Physical Terms, By Country, 2007–2017
Table 9: Imports, In Value Terms, By Country, 2007–2017
Table 10: Import Prices, By Country Of Destination, 2007–2017
Table 11: Exports, In Physical Terms, By Country, 2007–2017
Table 12: Exports, In Value Terms, By Country, 2007–2017
Table 13: Export Prices, By Country Of Origin, 2007–2017
Table 14: Producer Prices, By Major Producing Country, 2017
Table 15: Producer Prices Index - Annual Data (2004-2006 = 100), By Major Producing Country

LIST OF FIGURES
Figure 1: Market Volume, In Physical Terms, 2007–2017
Figure 2: Market Value, 2007–2017
Figure 3: Consumption, By Country, 2017
Figure 4: Market Forecast To 2025
Figure 5: Products: Market Size And Growth, By Type
Figure 6: Products: Average Per Capita Consumption, By Type
Figure 7: Products: Exports And Growth, By Type
Figure 8: Products: Export Prices And Growth, By Type
Figure 9: Production Volume And Growth
Figure 10: Yield And Growth
Figure 11: Exports And Growth
Figure 12: Export Prices And Growth
Figure 13: Market Size And Growth
Figure 14: Per Capita Consumption
Figure 15: Imports And Growth
Figure 16: Import Prices
Figure 17: Production, In Physical Terms, 2007–2017
Figure 18: Production, In Value Terms, 2007–2017
Figure 19: Area Harvested, 2007–2017
Figure 20: Yield, 2007–2017
Figure 21: Production, By Country, 2017
Figure 22: Production, In Physical Terms, By Country, 2007–2017
Figure 23: Harvested Area, By Country, 2017
Figure 24: Harvested Area, By Country, 2007-2017
Figure 25: Yield, By Country, 2007-2017
Figure 26: Imports, In Physical Terms, 2007–2017
Figure 27: Imports, In Value Terms, 2007–2017
Figure 28: Imports, In Physical Terms, By Country, 2017
Figure 29: Imports, In Physical Terms, By Country, 2007–2017
Figure 30: Imports, In Value Terms, By Country, 2007–2017
Figure 31: Import Prices, By Country, 2007–2017
Figure 32: Exports, In Physical Terms, 2007–2017
Figure 33: Exports, In Value Terms, 2007–2017
Figure 34: Exports, In Physical Terms, By Country, 2017
Figure 35: Exports, In Physical Terms, By Country, 2007–2017
Figure 36: Exports, In Value Terms, By Country, 2007–2017
Figure 37: Export Prices, 2007–2017