China: Vanilla Market 2024

Vanilla Market Size in China

The Chinese vanilla market fell to $X in 2022, which is down by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Vanilla consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Vanilla Production in China

In value terms, vanilla production reduced modestly to $X in 2022 estimated in export price. Overall, the total production indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

The average yield of vanilla in China stood at less than X kg per ha in 2022, therefore, remained relatively stable against the previous year's figure. Overall, the yield saw a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The vanilla harvested area in China stood at less than X ha in 2022, approximately mirroring the previous year. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern.

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Vanilla Exports

Exports from China

In 2022, approx. X tons of vanilla were exported from China; with an increase of X% against the year before. In general, exports continue to indicate a measured increase. The growth pace was the most rapid in 2015 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, vanilla exports stood at $X in 2022. Overall, exports showed a resilient increase. The pace of growth appeared the most rapid in 2019 when exports increased by X%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Angola (X tons) was the main destination for vanilla exports from China, with a X% share of total exports. Moreover, vanilla exports to Angola exceeded the volume sent to the second major destination, Indonesia (X tons), more than tenfold. The third position in this ranking was taken by the United States (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Angola amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (X% per year) and the United States (X% per year).

In value terms, the largest markets for vanilla exported from China were Angola ($X), Azerbaijan ($X) and Lebanon ($X), together accounting for X% of total exports. The United States, Indonesia, Armenia and Mauritania lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Indonesia, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average vanilla export price amounted to $X per ton, waning by X% against the previous year. Overall, the export price, however, showed a buoyant expansion. The growth pace was the most rapid in 2013 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Armenia ($X per ton), while the average price for exports to Mauritania ($X 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 Panama (X%), while the prices for the other major destinations experienced more modest paces of growth.

Vanilla Imports

Imports into China

In 2022, supplies from abroad of vanilla decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports recorded a mild contraction. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, vanilla imports reduced markedly to $X in 2022. In general, imports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2018 when imports increased by X%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Indonesia (X tons), Madagascar (X tons) and France (X kg) were the main suppliers of vanilla imports to China, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of X%), while purchases for the other leaders experienced a decline.

In value terms, Madagascar ($X) constituted the largest supplier of vanilla to China, comprising X% of total imports. The second position in the ranking was held by Indonesia ($X), with a X% share of total imports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Madagascar totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (X% per year) and France (X% per year).

Import Prices by Country

The average vanilla import price stood at $X per ton in 2022, shrinking by X% against the previous year. In general, the import price, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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