China - Vanilla - Market Analysis, Forecast, Size, Trends and Insights
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View PricingVanilla Price in China - 2023
Contents:
- Vanilla Price in China (CIF) - 2023
- Vanilla Price in China (FOB) - 2022
- Vanilla Imports in China
- Vanilla Exports in China
Vanilla Price in China (CIF) - 2023
In June 2023, the average vanilla import price amounted to $163K per ton, dropping by -22.1% against the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in December 2022 when the average import price increased by 346% against the previous month. As a result, import price reached the peak level of $229K per ton. From January 2023 to June 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was France ($755K per ton), while the price for Indonesia ($40,000 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by France (+16.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Vanilla Price in China (FOB) - 2022
The average vanilla export price stood at $8,153 per ton in 2022, waning by -3.4% against the previous year. Overall, the export price, however, posted a prominent expansion. The pace of growth appeared the most rapid in 2013 an increase of 300% against the previous year. Over the period under review, the average export prices attained the maximum at $12,739 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($71,042 per ton), while the average price for exports to the United States ($1,041 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 Yemen (+45.8%), while the prices for the other major destinations experienced more modest paces of growth.
Vanilla Imports in China
In 2022, after three years of growth, there was significant decline in overseas purchases of vanilla, when their volume decreased by -17.3% to 11 tons. Over the period under review, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 167%.
In value terms, vanilla imports reduced sharply to $1.3M in 2022. Overall, imports continue to indicate a noticeable slump. The most prominent rate of growth was recorded in 2021 when imports increased by 44% against the previous year. As a result, imports attained the peak of $2.1M, and then shrank sharply in the following year.
| Import of Vanilla in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Madagascar | 694 | 879 | 1,373 | 767 | 3.4% |
| Indonesia | 240 | 292 | 97.3 | 361 | 14.6% |
| France | 384 | 122 | 292 | 123 | -31.6% |
| Papua New Guinea | 16.0 | 173 | 355 | 0.1 | -81.6% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1,334 | 1,466 | 2,118 | 1,251 | -2.1% |
Top Suppliers of Vanilla to China in 2022:
- Papua New Guinea (undefined tons)
- Indonesia (5.7 tons)
- Madagascar (4.4 tons)
- France (0.6 tons)
Vanilla Exports in China
In 2022, vanilla exports from China rose markedly to 121 tons, increasing by 5.9% on 2021. The total export volume increased at an average annual rate of +6.3% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 27%. As a result, the exports attained the peak of 128 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, vanilla exports expanded to $989K in 2022. The total export value increased at an average annual rate of +2.4% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 9.8% against the previous year. As a result, the exports attained the peak of $1M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Vanilla in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 0.1 | 3.4 | N/A | 310 | 1358.1% |
| Switzerland | 187 | 161 | 110 | 161 | -4.9% |
| Azerbaijan | 18.8 | 0.1 | 36.8 | 65.6 | 51.7% |
| United States | 163 | 110 | 16.1 | 34.7 | -40.3% |
| Armenia | 58.0 | 47.7 | 63.2 | 25.9 | -23.6% |
| Bahrain | N/A | 6.4 | N/A | 4.7 | -14.3% |
| Montenegro | N/A | N/A | N/A | 3.5 | 0% |
| Bosnia and Herzegovina | 14.1 | 7.8 | 20.8 | N/A | 21.5% |
| Angola | 2.7 | 14.6 | 94.4 | N/A | 491.3% |
| Saudi Arabia | 188 | 149 | 366 | N/A | 39.5% |
| Others | 289 | 511 | 259 | 383 | 9.8% |
| Total | 921 | 1,011 | 966 | 989 | 2.4% |
Top Export Markets for Vanilla from China in 2022:
- Bosnia and Herzegovina (undefined tons)
- United States (33.4 tons)
- Azerbaijan (29.3 tons)
- Armenia (7.3 tons)
- Sweden (4.4 tons)
- Switzerland (2.5 tons)
- Bahrain (2.4 tons)
- Montenegro (1.7 tons)
This report provides an in-depth analysis of the vanilla market in China. 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 2030.
Product coverage:
- FCL 692 - Vanilla
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the vanilla market in China.
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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 China.
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This report provides an in-depth analysis of the global vanilla market.
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In March 2023, the vanilla price amounted to $127K per ton (CIF, China), waning by -39.4% against the previous month.
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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
