South Africa: Vanilla Market 2024

Vanilla Market Size in South Africa

After three years of growth, the South African vanilla market decreased by X% to $X in 2022. In general, consumption saw a perceptible contraction. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Vanilla Production in South Africa

In value terms, vanilla production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

In 2022, the average yield of vanilla in South Africa stood at less than X kg per ha, approximately equating 2021 figures. Over the period under review, the yield recorded 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 South Africa was estimated at less than X ha, remaining stable against the year before. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern.

Vanilla Exports

Exports from South Africa

In 2022, approx. X tons of vanilla were exported from South Africa; picking up by X% against 2021 figures. In general, exports enjoyed a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, vanilla exports dropped significantly to $X in 2022. Overall, exports saw a temperate expansion. The pace of growth was the most pronounced in 2017 when exports increased by X%. The exports peaked at $X in 2021, and then declined markedly in the following year.

Exports by Country

Namibia (X tons) was the main destination for vanilla exports from South Africa, with a X% share of total exports. Moreover, vanilla exports to Namibia exceeded the volume sent to the second major destination, Sweden (X tons), twofold. Mozambique (X tons) ranked third in terms of total exports with a X% share.

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

In value terms, Sweden ($X) remains the key foreign market for vanilla exports from South Africa, comprising X% of total exports. The second position in the ranking was taken by Namibia ($X), with a X% share of total exports. It was followed by Mozambique, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Sweden totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Namibia (X% per year) and Mozambique (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. In general, the export price showed a noticeable downturn. The pace of growth was the most pronounced in 2017 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Australia ($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 Swaziland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Vanilla Imports

Imports into South Africa

In 2022, imports of vanilla into South Africa fell to X tons, shrinking by X% against 2021. In general, imports continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, vanilla imports dropped dramatically to $X in 2022. Overall, imports, however, showed a buoyant increase. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Madagascar (X tons), Uganda (X tons) and Tanzania (X kg) were the main suppliers of vanilla imports to South Africa, together accounting for X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Uganda (with a CAGR of X%), while imports for the other leaders experienced a decline.

In value terms, the largest vanilla suppliers to South Africa were Madagascar ($X), Uganda ($X) and Tanzania ($X), together accounting for X% of total imports.

Uganda, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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 ton in 2022, declining by X% against the previous year. Overall, the import price, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Madagascar ($X per ton), while the price for Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Madagascar (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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