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Ireland - Vanilla - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact

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Ireland: Vanilla Market Overview 2021

Vanilla Market Size in Ireland

The Irish vanilla market plummeted to $X in 2020, which is down by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a noticeable curtailment. The pace of growth appeared the most rapid in 2014 when the market value increased by X% year-to-year. Over the period under review, the market reached the maximum level at $X in 2011; however, from 2012 to 2020, consumption remained at a lower figure.

Vanilla Exports

Exports from Ireland

Vanilla exports from Ireland dropped dramatically to X kg in 2020, waning by -X% on the previous year. In general, exports showed a abrupt decrease. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. Over the period under review, exports attained the peak figure at X tonnes in 2010; however, from 2011 to 2020, exports stood at a somewhat lower figure.

In value terms, vanilla exports contracted dramatically to $X in 2020. Overall, exports continue to indicate a deep setback. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Exports peaked at $X in 2010; however, from 2011 to 2020, exports remained at a lower figure.

Exports by Country

Luxembourg (X kg), the UK (X kg) and the Netherlands (X kg) were the main destinations of vanilla exports from Ireland, with a combined X% share of total exports.

From 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Luxembourg, while exports for the other leaders experienced a decline.

In value terms, the largest markets for vanilla exported from Ireland were the UK ($X), Luxembourg ($X) and the Netherlands ($X), with a combined X% share of total exports.

Luxembourg saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average vanilla export price stood at $X per tonne in 2019, which is down by -X% against the previous year. Over the period under review, the export price, however, saw strong growth. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% against the previous year. The export price peaked at $X per tonne in 2018, and then reduced sharply in the following year.

There were significant differences in the average prices for the major overseas markets. In 2019, the country with the highest price was the UK ($X per tonne), while the average price for exports to the Netherlands ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to the UK, while the prices for the other major destinations experienced mixed trend patterns.

Vanilla Imports

Imports into Ireland

In 2020, approx. X tonnes of vanilla were imported into Ireland; which is down by -X% on the previous year. Overall, imports recorded a abrupt decrease. The pace of growth appeared the most rapid in 2014 when imports increased by X% year-to-year. Over the period under review, imports reached the maximum at X tonnes in 2011; however, from 2012 to 2020, imports failed to regain the momentum.

In value terms, vanilla imports contracted dramatically to $X in 2020. In general, imports saw a perceptible downturn. The most prominent rate of growth was recorded in 2014 when imports increased by X% year-to-year. Imports peaked at $X in 2011; however, from 2012 to 2020, imports failed to regain the momentum.

Imports by Country

The UK (X tonnes), Belgium (X tonnes) and Germany (X tonnes) were the main suppliers of vanilla imports to Ireland, together comprising X% of total imports. Bulgaria and France lagged somewhat behind, together comprising a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bulgaria, while imports for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), France ($X) and Germany ($X) constituted the largest vanilla suppliers to Ireland, together accounting for X% of total imports. Belgium and Bulgaria lagged somewhat behind, together accounting for a further X the main suppliers, Bulgaria saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average vanilla import price stood at $X per tonne in 2020, growing by X% against the previous year. In general, the import price posted a resilient expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of origin; the country with the highest price was France ($X per tonne), while the price for Bulgaria ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by France, while the prices for the other major suppliers experienced mixed trend patterns.

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. The third position in this ranking was occupied by Mexico (528 tonnes), 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. Papua New Guinea, China, Turkey and Uganda lagged somewhat behind, together comprising a further 21%.
What are the leading suppliers of vanilla to Ireland?
+
In value terms, the UK ($147K), France ($137K) and Germany ($73K) were the largest vanilla suppliers to Ireland, together comprising 84% of total imports. Belgium and Bulgaria lagged somewhat behind, together accounting for a further 3.4%.
What are the leading importers of vanilla from Ireland?
+
In value terms, the largest markets for vanilla exported from Ireland were the UK ($27K), Luxembourg ($17K) and the Netherlands ($372), with a combined 92% share of total exports.
What is the average export price for vanilla in Ireland?
+
In 2019, the average vanilla export price amounted to $39,767 per tonne, shrinking by -45.9% against the previous year.
What is the average import price for vanilla in Ireland?
+
The average vanilla import price stood at $26,563 per tonne in 2020, increasing by 99% against the previous year.

Product coverage:
• FCL 692 - Vanilla

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

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