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

Vanilla Market Size in India

The Indian vanilla market skyrocketed to $X in 2020, rising by X% against the previous year. Over the period under review, consumption posted a significant expansion. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Vanilla consumption peaked in 2020 and is likely to see steady growth in years to come.

Vanilla Production in India

In value terms, vanilla production dropped remarkably to $X in 2020 estimated in export prices. Overall, production continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Vanilla production peaked at $X in 2008; however, from 2009 to 2020, production failed to regain the momentum.

Vanilla Exports

Exports from India

Vanilla exports from India dropped remarkably to X tonnes in 2020, declining by -X% on the year before. Over the period under review, exports showed a sharp descent. The pace of growth appeared the most rapid in 2008 with an increase of X% year-to-year. Over the period under review, exports attained the peak figure at X tonnes in 2013; however, from 2014 to 2020, exports remained at a lower figure.

In value terms, vanilla exports shrank rapidly to $X in 2020. In general, exports continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, exports attained the peak figure at $X in 2017; however, from 2018 to 2020, exports stood at a somewhat lower figure.

Exports by Country

The U.S. (X tonnes) was the main destination for vanilla exports from India, accounting for a X% share of total exports. Moreover, vanilla exports to the U.S. exceeded the volume sent to the second major destination, Australia (X tonnes), twofold. The Netherlands (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual growth rate of volume to the U.S. amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+X% per year) and the Netherlands (+X% per year).

In value terms, the U.S. ($X) remains the key foreign market for vanilla exports from India, comprising X% of total exports. The second position in the ranking was occupied by Australia ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to the U.S. stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+X% per year) and the Netherlands (+X% per year).

Export Prices by Country

The average vanilla export price stood at $X per tonne in 2020, with a decrease of -X% against the previous year. Overall, the export price, however, recorded a resilient increase. The pace of growth was the most pronounced in 2017 when the average export price increased by X% year-to-year. As a result, export price attained the peak level of $X per tonne. from 2018 to 2020, the growth in terms of the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was the U.S. ($X per tonne), while the average price for exports to Canada ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the U.S., while the prices for the other major destinations experienced more modest paces of growth.

Vanilla Imports

Imports into India

In 2020, overseas purchases of vanilla decreased by -X% to X kg, falling for the fourth consecutive year after four years of growth. Overall, imports, however, showed a prominent increase. The growth pace was the most rapid in 2009 with an increase of X% y-o-y. Over the period under review, imports hit record highs at X tonnes in 2016; however, from 2017 to 2020, imports failed to regain the momentum.

In value terms, vanilla imports reduced remarkably to $X in 2020. In general, imports, however, showed a dramatic decline. The pace of growth was the most pronounced in 2016 with an increase of X% y-o-y. Imports peaked at $X in 2017; however, from 2018 to 2020, imports stood at a somewhat lower figure.

Imports by Country

The U.S. (X tonnes), Indonesia (X tonnes) and Madagascar (X tonnes) were the main suppliers of vanilla imports to India, with a combined X% share of total imports. Mauritius, the United Arab Emirates and Comoros lagged somewhat behind, together comprising a further X 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, Madagascar ($X), Indonesia ($X) and Mauritius ($X) appeared to be the largest vanilla suppliers to India, with a combined X% share of total imports. These countries were followed by the U.S., Comoros and the United Arab Emirates, which together accounted for a further X terms of the main suppliers, the United Arab Emirates (+X% per year) saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2019, the average vanilla import price amounted to $X per tonne, stabilizing at the previous year. In general, the import price, however, showed a significant increase. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% year-to-year. The import price peaked at $X per tonne in 2018, and then contracted in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Mauritius ($X per tonne), while the price for the U.S. ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Mauritius, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for vanilla in the world?
+
Indonesia (2.3K tonnes) constituted the country with the largest volume of vanilla consumption, accounting for 32% of total volume. Moreover, vanilla consumption in Indonesia exceeded the figures recorded by the second-largest consumer, the U.S. (941 tonnes), twofold. Mexico (528 tonnes) ranked third in terms of total consumption with a 7.1% share.
What are the largest producers of vanilla in the world?
+
The countries with the highest volumes of vanilla production in 2020 were Indonesia (2.5K tonnes), Madagascar (2.3K tonnes) and Mexico (532 tonnes), with a combined 73% share of global production. These countries were followed by Papua New Guinea, China, Turkey and Uganda, which together accounted for a further 21%.
What are the leading suppliers of vanilla to India?
+
In value terms, the largest vanilla suppliers to India were Madagascar ($4.9M), Indonesia ($4.8M) and Mauritius ($1.6M), with a combined 85% share of total imports. These countries were followed by the U.S., Comoros and the United Arab Emirates, which together accounted for a further 15%.
What are the leading importers of vanilla from India?
+
In value terms, the U.S. ($385K) remains the key foreign market for vanilla exports from India, comprising 69% of total exports. The second position in the ranking was occupied by Australia ($80K), with a 14% share of total exports. It was followed by the Netherlands, with a 5.7% share.
What is the average export price for vanilla in India?
+
In 2020, the average vanilla export price amounted to $62,000 per tonne, dropping by -6.6% against the previous year.
What is the average import price for vanilla in India?
+
In 2019, the average vanilla import price amounted to $291,609 per tonne, flattening at the previous year.

Product coverage:
• FCL 692 - Vanilla

This report provides an in-depth analysis of the vanilla market in India. 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:
• India

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in India
• 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

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
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
8. IMPORTS

The Largest Import Supplying Countries

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

The Largest Destinations for Exports

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

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 In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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