Latest Report Update: Apr 25, 2019

Republic of Korea - Vanilla - Market Analysis, Forecast, Size, Trends and Insights

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Republic of Korea: Vanilla Market Overview 2019

Vanilla Market Size in Republic of Korea

The revenue of the vanilla market in South Korea amounted to $X in 2017, increasing by X% against the previous year. In general, vanilla consumption continues to indicate an outstanding increase. The pace of growth was the most pronounced in 2014, with an increase of X% year-to-year. The vanilla consumption peaked in 2017, and is expected to retain its growth in the near future.

Vanilla Production in Republic of Korea

In 2017, vanilla production in South Korea totaled X kg, remaining relatively unchanged against the previous year. Overall, vanilla production continues to indicate a relatively flat trend pattern.

Vanilla Exports

Exports from Republic of Korea

In 2017, exports of vanilla from South Korea totaled X kg, reducing by -X% against the previous year. Overall, vanilla exports continue to indicate an outstanding growth. The most prominent rate of growth was recorded in 2016, when it surged by X% y-o-y. In that year, the vanilla exports attained their peak volume of X tonnes, and then declined slightly in the following year.

In value terms, vanilla exports stood at $X in 2017. In general, vanilla exports continue to indicate a deep decline. In that year, the vanilla exports attained their peak level of $X. From 2014 to 2017, growth of the vanilla exports stood at a somewhat lower level.

Exports by Country

India (X kg), Myanmar (X kg) and Viet Nam (X kg) were the main destinations of vanilla exports from South Korea, together accounting for X% of total exports.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Myanmar (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, largest markets for vanilla exported from South Korea were Viet Nam ($X), Myanmar ($X) and India ($X), with a combined X% share of total exports. Malaysia, the Philippines, the U.S. and Mongolia lagged somewhat behind, together comprising a further X%.

Mongolia (+X% per year) experienced the highest growth rate of exports, among the main countries of destination over the last decade, while the other leaders experienced mixed trend patterns.

Export Prices by Country

The average vanilla export price stood at $X per tonne in 2017, flattening at the previous year. Overall, vanilla export price continues to indicate a sharp decline. The export price peaked of $X per kg in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

Export prices varied noticeably by the country of origin; the country with the highest export price was Viet Nam ($X per kg), while average price for exports to India ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was recorded for supplies to Mongolia (-X% per year), the export prices for the other major destinations experienced a decline.

Vanilla Imports

Imports into Republic of Korea

Vanilla imports into South Korea totaled X tonnes in 2017, waning by -X% against the previous year. Overall, vanilla imports continue to indicate a temperate growth. The pace of growth was the most pronounced in 2012, when it surged by X% year-to-year. The imports peaked of X tonnes in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

In value terms, vanilla imports stood at $X in 2017. In general, vanilla imports continue to indicate a skyrocketing expansion. Over the period under review, the vanilla imports attained its peak figure level in 2017, and are likely to see steady growth in the immediate term.

Imports by Country

In 2017, Madagascar (X tonnes) constituted the largest supplier of vanilla to South Korea, accounting for X% share of total imports. Moreover, vanilla imports from Madagascar exceeded the figures recorded by the second largest supplier, Mauritius (X kg), more than tenfold. The third position in this ranking was occupied by India (X kg), with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of volume from Madagascar stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Mauritius (-X% per year) and India (+X% per year).

In value terms, Madagascar ($X) constituted the largest supplier of vanilla to South Korea, making up X% of total vanilla imports. The second position in the ranking was occupied by Mauritius ($X), with a X% share of total imports. It was followed by Comoros, with a X% share.

From 2007 to 2017, the average annual growth rate of value from Madagascar amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Mauritius (-X% per year) and Comoros (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 an outstanding expansion. The pace of growth was the most pronounced in 2016, when it surged by X% y-o-y. Over the period under review, the average import prices for vanilla reached its peak figure level in 2017, and is expected to retain its growth in the immediate term.

There were significant differences in the average import prices amongst the major supplying countries. In 2017, the country with the highest import price was Madagascar ($X per kg), while price for India ($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 Thailand (+X% per year), the import prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Product coverage:

FCL 692 - Vanilla.


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


Data coverage:

• Market volume and value;

• Per Capita consumption;

• Forecast of the market dynamics in the medium term;

• Trade (exports and imports) in Republic of Korea;

• 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 2025
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 2007–2018
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2018
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 2018
Table 2:
Market Volume, In Physical Terms, 2007–2018
Table 3:
Market Value, 2007–2018
Table 4:
Per Capita Consumption In 2007–2018
Table 5:
Imports, In Physical Terms, By Country, 2007–2018
Table 6:
Imports, In Value Terms, By Country, 2007–2018
Table 7:
Import Prices, By Country Of Origin, 2007–2018
Table 8:
Exports, In Physical Terms, By Country, 2007–2018
Table 9:
Exports, In Value Terms, By Country, 2007–2018
Table 10:
Export Prices, By Country Of Destination, 2007–2018
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2018
Figure 2:
Market Value, 2007–2018
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2018
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2018
Figure 5:
Trade Balance, In Physical Terms, 2007–2018
Figure 6:
Trade Balance, In Value Terms, 2007–2018
Figure 7:
Per Capita Consumption, 2007–2018
Figure 8:
Market Forecast To 2025
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, 2007–2018
Figure 21:
Production, In Value Terms, 2007–2018
Figure 22:
Imports, In Physical Terms, 2007–2018
Figure 23:
Imports, In Value Terms, 2007–2018
Figure 24:
Imports, In Physical Terms, By Country, 2018
Figure 25:
Imports, In Physical Terms, By Country, 2007–2018
Figure 26:
Imports, In Value Terms, By Country, 2007–2018
Figure 27:
Import Prices, By Country Of Origin, 2007–2018
Figure 28:
Exports, In Physical Terms, 2007–2018
Figure 29:
Exports, In Value Terms, 2007–2018
Figure 30:
Exports, In Physical Terms, By Country, 2018
Figure 31:
Exports, In Physical Terms, By Country, 2007–2018
Figure 32:
Exports, In Value Terms, By Country, 2007–2018
Figure 33:
Export Prices, By Country Of Destination, 2007–2018
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