China - Vanilla - Market Analysis, Forecast, Size, Trends and Insights
China: Vanilla Market Overview 2019
Vanilla Market Size in China
The revenue of the vanilla market in China amounted to $X in 2017, coming down by -X% against the previous year. Overall, vanilla consumption continues to indicate a strong expansion. The pace of growth appeared the most rapid in 2016, when market value increased by X% year-to-year. In that year, the vanilla market attained their peak level of $X, and then declined slightly in the following year.
Vanilla Production in China
In 2017, approx. X tonnes of vanilla were produced in China; reducing by -X% against the previous year. Overall, vanilla production continues to indicate an abrupt decline. The pace of growth was the most pronounced in 2008, with an increase of X% year-to-year. The vanilla production peaked of X tonnes in 2009; however, from 2010 to 2017, it failed to regain its momentum.
Exports from China
Vanilla exports from China stood at X kg in 2014, approximately mirroring the previous year. In general, vanilla exports continue to indicate a precipitous slump. The exports peaked of X tonnes in 2007; however, from 2008 to 2014, it stood at a somewhat lower level.
In value terms, vanilla exports stood at $X in 2014. In general, vanilla exports continue to indicate a sharp downturn. The exports peaked of $X in 2007; however, from 2008 to 2014, it stood at a somewhat lower level.
Imports into China
In 2017, imports of vanilla into China totaled X tonnes, shrinking by -X% against the previous year. In general, vanilla imports continue to indicate an abrupt slump. The growth pace was the most rapid in 2009, when it surged by X% against the previous year. The imports peaked of X tonnes in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.
In value terms, vanilla imports amounted to $X in 2017. In general, vanilla imports continue to indicate a skyrocketing expansion. The imports peaked in 2017, and are likely to continue its growth in the near future.
Imports by Country
Madagascar (X tonnes), the UK (X kg) and Indonesia (X kg) were the main suppliers of vanilla imports to China, together comprising X% of total imports.
From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by the UK (+X% per year), while the other leaders experienced a decline.
In value terms, Madagascar ($X) constituted the largest supplier of vanilla to China, making up X% of total vanilla imports. The second position in the ranking was occupied by Indonesia ($X), with a X% share of total imports. It was followed by France, with a X% share.
From 2007 to 2017, the average annual rate of growth in terms of value from Madagascar amounted to +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
In 2017, the average vanilla import price amounted to $X per kg, picking up by X% against the previous year. In general, vanilla import price continues to indicate a skyrocketing increase. The pace of growth was the most pronounced in 2009, an increase of X% against the previous year. The import price peaked in 2017, and is likely to see steady growth in the immediate term.
Import prices varied noticeably by the country of origin; the country with the highest import price was China, Hong Kong SAR ($X per kg), while price for the UK ($X per kg) was amongst the lowest.
From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Papua New Guinea (+X% per year), the import prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox AI Platform
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 2025.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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