New Zealand: Vanilla Market 2024

Vanilla Market Size in New Zealand

After two years of decline, the New Zealand vanilla market increased by X% to $X in 2022. Over the period under review, consumption showed a noticeable descent. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Vanilla Production in New Zealand

In value terms, vanilla production totaled less than $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern.

The average yield of vanilla in New Zealand amounted to less than X kg per ha in 2022, remaining stable against the year before. Over the period under review, the yield showed 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.

In 2022, the total area harvested in terms of vanilla production in New Zealand totaled less than X ha, flattening at the year before. Overall, the harvested area saw a relatively flat trend pattern.

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Vanilla Exports

Exports from New Zealand

In 2022, vanilla exports from New Zealand skyrocketed to X tons, increasing by X% compared with the previous year's figure. Over the period under review, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, vanilla exports soared to $X in 2022. Overall, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

The United States (X tons) was the main destination for vanilla exports from New Zealand, with a X% share of total exports. Moreover, vanilla exports to the United States exceeded the volume sent to the second major destination, Australia (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (X% per year) and the UK (X% per year).

In value terms, the United States ($X) remains the key foreign market for vanilla exports from New Zealand, comprising X% of total exports. The second position in the ranking was held by Australia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (X% per year) and the UK (X% per year).

Export Prices by Country

In 2022, the average vanilla export price amounted to $X per ton, declining by X% against the previous year. Over the period under review, the export price saw a drastic downturn. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to the United States ($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 Australia (X%), while the prices for the other major destinations experienced a decline.

Vanilla Imports

Imports into New Zealand

In 2022, supplies from abroad of vanilla was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, saw a noticeable downturn. The pace of growth appeared the most rapid in 2014 with an increase of X%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, vanilla imports soared to $X in 2022. Over the period under review, imports saw a resilient increase. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Uganda (X tons) constituted the largest vanilla supplier to New Zealand, accounting for a X% share of total imports. Moreover, vanilla imports from Uganda exceeded the figures recorded by the second-largest supplier, Papua New Guinea (X tons), threefold. Madagascar (X kg) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Uganda was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Papua New Guinea (X% per year) and Madagascar (X% per year).

In value terms, Uganda ($X) constituted the largest supplier of vanilla to New Zealand, comprising X% of total imports. The second position in the ranking was taken by Madagascar ($X), with an X% share of total imports. It was followed by Papua New Guinea, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Uganda was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Madagascar (X% per year) and Papua New Guinea (X% per year).

Import Prices by Country

The average vanilla import price stood at $X per ton in 2022, surging by X% against the previous year. In general, the import price recorded a strong increase. The most prominent rate of growth was recorded in 2016 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Tonga ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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