CIS: Vanilla Market 2023

Vanilla Exports

Exports in CIS

In 2022, vanilla exports in the CIS declined sharply to X kg, dropping by -96.4% against the previous year. In general, exports saw a deep setback. The pace of growth appeared the most rapid in 2020 when exports increased by 193%. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, vanilla exports reduced markedly to $X in 2022. Overall, exports showed a significant decline. The most prominent rate of growth was recorded in 2020 with an increase of 173% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Russia prevails in exports structure, recording X kg, which was near 96% of total exports in 2022. Uzbekistan (X kg) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to vanilla exports from Russia stood at -19.6%. Uzbekistan experienced a relatively flat trend pattern. While the share of Uzbekistan (+2.5 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Russia (-4.2 p.p.) displayed negative dynamics.

In value terms, Russia ($X) remains the largest vanilla supplier in the CIS, comprising 69% of total exports. The second position in the ranking was taken by Uzbekistan ($X), with a 2.9% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Russia totaled -23.8%.

Export Prices by Country

The export price in the CIS stood at $X per ton in 2022, with an increase of 26% against the previous year. Over the period under review, the export price, however, recorded a noticeable downturn. The growth pace was the most rapid in 2021 when the export price increased by 174%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while Russia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (-5.2%).

Vanilla Imports

Imports in CIS

In 2022, purchases abroad of vanilla decreased by -10.7% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports recorded a perceptible descent. The most prominent rate of growth was recorded in 2017 with an increase of 68% against the previous year. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, vanilla imports soared to $X in 2022. In general, imports, however, showed a prominent expansion. The pace of growth was the most pronounced in 2013 when imports increased by 64%. The level of import peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

Azerbaijan represented the major importer of vanilla in the CIS, with the volume of imports accounting for X tons, which was approx. 68% of total imports in 2022. Kazakhstan (X tons) ranks second in terms of the total imports with a 13% share, followed by Russia (13%). Armenia (X tons) and Belarus (X tons) followed a long way behind the leaders.

Imports into Azerbaijan decreased at an average annual rate of -5.7% from 2012 to 2022. At the same time, Kazakhstan (+22.7%), Russia (+8.2%) and Belarus (+1.4%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +22.7% from 2012-2022. By contrast, Armenia (-3.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Kazakhstan and Russia increased by +12 and +8.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported vanilla in the CIS, comprising 70% of total imports. The second position in the ranking was taken by Azerbaijan ($X), with a 12% share of total imports. It was followed by Armenia, with a 4.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Russia totaled +14.2%. In the other countries, the average annual rates were as follows: Azerbaijan (-6.4% per year) and Armenia (+3.7% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per ton, rising by 53% against the previous year. Overall, the import price recorded resilient growth. The pace of growth appeared the most rapid in 2015 an increase of 161% against the previous year. The level of import peaked at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Russia ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Armenia (+7.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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