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Asia - Vanilla - Market Analysis, Forecast, Size, Trends and Insights
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Asia: Vanilla Market Overview 2021

Vanilla Market Size in Asia

In 2020, the Asian vanilla market decreased by -X% to $X, falling for the second consecutive year after three years of growth. The total consumption indicated a slight increase from 2007 to 2020: its value decreased at an average annual rate of -X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption decreased by -X% against 2018 indices. The pace of growth was the most pronounced in 2017 with an increase of X% y-o-y. The level of consumption peaked at $X in 2018; however, from 2019 to 2020, consumption failed to regain the momentum.

Vanilla Production in Asia

In value terms, vanilla production shrank sharply to $X in 2020 estimated in export prices. Overall, production, however, continues to indicate modest growth. The pace of growth appeared the most rapid in 2016 with an increase of X% year-to-year. The level of production peaked at $X in 2017; however, from 2018 to 2020, production stood at a somewhat lower figure.

Production by Country in Asia

The country with the largest volume of vanilla production was Indonesia (X tonnes), comprising approx. X% of total volume. Moreover, vanilla production in Indonesia exceeded the figures recorded by the second-largest producer, China (X tonnes), fivefold. The third position in this ranking was occupied by Turkey (X tonnes), with a X% share.

From 2007 to 2020, the average annual growth rate of volume in Indonesia stood at -X%. The remaining producing countries recorded the following average annual rates of production growth: China (-X% per year) and Turkey (+X% per year).

Vanilla Exports

Exports in Asia

In 2020, overseas shipments of vanilla increased by X% to X tonnes, rising for the second consecutive year after two years of decline. in general, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of X% year-to-year. The volume of export peaked at X tonnes in 2016; however, from 2017 to 2020, exports stood at a somewhat lower figure.

In value terms, vanilla exports contracted notably to $X in 2020. Over the period under review, exports posted a buoyant increase. The most prominent rate of growth was recorded in 2016 when exports increased by X% year-to-year. Over the period under review, exports attained the peak figure at $X in 2017; however, from 2018 to 2020, exports failed to regain the momentum.

Exports by Country

Indonesia (X tonnes) and Turkey (X tonnes) represented roughly X% of total exports of vanilla in 2020. It was distantly followed by China (X tonnes), constituting a X% share of total exports. The following exporters - Saudi Arabia (X tonnes), Thailand (X tonnes) and the United Arab Emirates (X tonnes) - together made up X% of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Saudi Arabia, while exports for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X) remains the largest vanilla supplier in Asia, comprising X% of total exports. The second position in the ranking was occupied by Turkey ($X), with a X% share of total exports. It was followed by China, with a X% share.

In Indonesia, vanilla exports expanded at an average annual rate of +X% over the period from 2007-2020. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (+X% per year) and China (+X% per year).

Export Prices by Country

The vanilla export price in Asia stood at $X per tonne in 2020, waning by -X% against the previous year. Over the period under review, the export price, however, recorded a remarkable increase. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. Over the period under review, export prices hit record highs at $X per tonne in 2017; however, from 2018 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. in 2020, the country with the highest price was Indonesia ($X per tonne), while Thailand ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Indonesia, while the other leaders experienced more modest paces of growth.

Vanilla Imports

Imports in Asia

Vanilla imports expanded rapidly to X tonnes in 2020, picking up by X% compared with the year before. Total imports indicated a resilient expansion from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2008 when imports increased by X% y-o-y. The volume of import peaked in 2020 and is expected to retain growth in the near future.

In value terms, vanilla imports shrank dramatically to $X in 2020. Overall, imports posted a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2020, imports failed to regain the momentum.

Imports by Country

Syrian Arab Republic (X tonnes) and Indonesia (X tonnes) represented roughly X% of total imports of vanilla in 2020. Saudi Arabia (X tonnes) occupied the next position in the ranking, followed by Singapore (X tonnes) and Malaysia (X tonnes). All these countries together held near X% share of total imports. Japan (X tonnes), Brunei Darussalam (X tonnes), the Philippines (X tonnes), the United Arab Emirates (X tonnes) and Iran (X tonnes) followed a long way behind the leaders.

From 2007 to 2020, the biggest increases were in Syrian Arab Republic (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Japan ($X) and the United Arab Emirates ($X) were the countries with the highest levels of imports in 2020, with a combined X% share of total imports. Singapore, Saudi Arabia, Syrian Arab Republic, Malaysia, the Philippines, Brunei Darussalam and Iran lagged somewhat behind, together comprising a further X Arab Republic (+X% per year) recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the vanilla import price in Asia amounted to $X per tonne, shrinking by -X% against the previous year. in general, the import price, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2017 an increase of X% y-o-y. The level of import peaked at $X per tonne in 2018; however, from 2019 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. in 2020, the country with the highest price was Japan ($X per tonne), while Brunei Darussalam ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the United Arab Emirates, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for vanilla in Asia?
+
Indonesia (2.3K tonnes) remains the largest vanilla consuming country in Asia, comprising approx. 66% of total volume. Moreover, vanilla consumption in Indonesia exceeded the figures recorded by the second-largest consumer, China (373 tonnes), sixfold. The third position in this ranking was occupied by Syrian Arab Republic (277 tonnes), with a 7.8% share.
What are the largest producers of vanilla in Asia?
+
Indonesia (2.5K tonnes) remains the largest vanilla producing country in Asia, accounting for 71% of total volume. Moreover, vanilla production in Indonesia exceeded the figures recorded by the second-largest producer, China (493 tonnes), fivefold. The third position in this ranking was occupied by Turkey (379 tonnes), with a 11% share.
What are the leading suppliers of vanilla in Asia?
+
In value terms, Indonesia ($74M) remains the largest vanilla supplier in Asia, comprising 94% of total exports. The second position in the ranking was occupied by Turkey ($1.4M), with a 1.8% share of total exports. It was followed by China, with a 1.3% share.
What are the leading importers of vanilla in Asia?
+
In value terms, the largest vanilla importing markets in Asia were Indonesia ($21M), Japan ($16M) and the United Arab Emirates ($2.3M), together accounting for 78% of total imports. Singapore, Saudi Arabia, Syrian Arab Republic, Malaysia, the Philippines, Brunei Darussalam and Iran lagged somewhat behind, together accounting for a further 6.7%.
What is the average export price for vanilla in Asia?
+
The vanilla export price in Asia stood at $79,258 per tonne in 2020, shrinking by -29.8% against the previous year.
What is the average import price for vanilla in Asia?
+
The vanilla import price in Asia stood at $49,584 per tonne in 2020, dropping by -26.2% against the previous year.

Product coverage:
• FCL 692 - Vanilla

This report provides an in-depth analysis of the vanilla market in Asia. 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:
• Afghanistan
• Armenia
• Bahrain
• Bhutan
• Brunei Darussalam
• Cambodia
• Cyprus
• Democratic People's Republic of Korea
• Georgia
• Jordan
• Kyrgyzstan
• Lao People's Democratic Republic
• Lebanon
• Macao SAR
• Maldives
• Mongolia
• Nepal
• Palestine
• Syrian Arab Republic
• Taiwan (Chinese)
• Tajikistan
• Timor-Leste
• Turkmenistan
• Yemen

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Asia, split by region and country
• Trade (exports and imports) in Asia
• 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

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 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

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

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

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. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2020
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

11. COUNTRY PROFILES

The Largest Markets and Their Profiles

• Afghanistan
• Armenia
• Azerbaijan
• Bahrain
• Bangladesh
• Bhutan
• Brunei Darussalam
• Cambodia
• China
• Hong Kong SAR
• Macao SAR
• Cyprus
• Georgia
• India
• Indonesia
• Iran
• Iraq
• Israel
• Japan
• Jordan
• Kazakhstan
• Kuwait
• Kyrgyzstan
• Lebanon
• Malaysia
• Maldives
• Mongolia
• Myanmar
• Nepal
• Oman
• Pakistan
• Palestine
• Philippines
• Qatar
• Saudi Arabia
• Singapore
• South Korea
• Sri Lanka
• Syrian Arab Republic
• Taiwan (Chinese)
• Tajikistan
• Thailand
• Timor-Leste
• Turkey
• Turkmenistan
• United Arab Emirates
• Uzbekistan
• Viet Nam
• Yemen
• Lao People's Democratic Republic
• Democratic People's Republic of Korea
LIST OF TABLES
Table 1:
Key Findings in 2020
Table 2:
Market Volume, in Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption, by Country, 2015–2020
Table 5:
Production, in Physical Terms, by Country, 2007–2020
Table 6:
Imports, in Physical Terms, by Country, 2007–2020
Table 7:
Imports, in Value Terms, by Country, 2007–2020
Table 8:
Import Prices, by Country of Destination, 2007–2020
Table 9:
Exports, in Physical Terms, by Country, 2007–2020
Table 10:
Exports, in Value Terms, by Country, 2007–2020
Table 11:
Export Prices, by Country of Origin, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, in Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, by Country, 2020
Figure 4:
Market Forecast to 2030
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:
Exports and Growth
Figure 11:
Export Prices and Growth
Figure 12:
Market Size and Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports and Growth
Figure 15:
Import Prices
Figure 16:
Production, in Physical Terms, 2007–2020
Figure 17:
Production, in Value Terms, 2007–2020
Figure 18:
Production, by Country, 2020
Figure 19:
Production, in Physical Terms, by Country, 2007–2020
Figure 20:
Imports, in Physical Terms, 2007–2020
Figure 21:
Imports, in Value Terms, 2007–2020
Figure 22:
Imports, in Physical Terms, by Country, 2020
Figure 23:
Imports, in Physical Terms, by Country, 2007–2020
Figure 24:
Imports, in Value Terms, by Country, 2007–2020
Figure 25:
Import Prices, by Country, 2007–2020
Figure 26:
Exports, in Physical Terms, 2007–2020
Figure 27:
Exports, in Value Terms, 2007–2020
Figure 28:
Exports, in Physical Terms, by Country, 2020
Figure 29:
Exports, in Physical Terms, by Country, 2007–2020
Figure 30:
Exports, in Value Terms, by Country, 2007–2020
Figure 31:
Export Prices, 2007–2020
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