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

Vanilla Market Size in Thailand

After two years of decline, the Thai vanilla market increased by X% to $X in 2020. In general, consumption enjoyed buoyant growth. Vanilla consumption peaked at $X in 2017; however, from 2018 to 2020, consumption stood at a somewhat lower figure.

Vanilla Production in Thailand

In value terms, vanilla production totaled $X in 2020 estimated in export prices. Over the period under review, production posted a significant expansion. The pace of growth was the most pronounced in 2014 with an increase of X% year-to-year. Vanilla production peaked at $X in 2018; however, from 2019 to 2020, production remained at a lower figure.

Vanilla Exports

Exports from Thailand

After three years of growth, overseas shipments of vanilla decreased by -X% to X tonnes in 2020. In general, exports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, exports hit record highs at X tonnes in 2019, and then dropped in the following year.

In value terms, vanilla exports expanded markedly to $X in 2020. Over the period under review, exports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, exports reached the peak figure at $X in 2014; however, from 2015 to 2020, exports remained at a lower figure.

Exports by Country

Singapore (X tonnes) was the main destination for vanilla exports from Thailand, with a X% share of total exports. Moreover, vanilla exports to Singapore exceeded the volume sent to the second major destination, Malaysia (X tonnes), twofold.

From 2007 to 2020, the average annual rate of growth in terms of volume to Singapore stood at +X%.

In value terms, the largest markets for vanilla exported from Thailand were Singapore ($X) and Malaysia ($X terms of the main countries of destination, Malaysia (+X% per year) saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2020, the average vanilla export price amounted to $X per tonne, with an increase of X% against the previous year. Over the period under review, the export price showed a temperate increase. The pace of growth was the most pronounced in 2009 when the average export price increased by X% against the previous year. Over the period under review, average export prices reached the peak figure at $X per tonne in 2013; however, from 2014 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was Malaysia ($X per tonne), while the average price for exports to Singapore amounted to $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia.

Vanilla Imports

Imports into Thailand

Vanilla imports into Thailand fell sharply to X kg in 2020, shrinking by -X% on the previous year. Over the period under review, imports, however, posted prominent growth. The pace of growth was the most pronounced in 2017 with an increase of X% y-o-y. As a result, imports reached the peak of X tonnes. from 2018 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, vanilla imports shrank notably to $X in 2020. In general, imports, however, posted a resilient expansion. The pace of growth was the most pronounced in 2016 with an increase of X% year-to-year. Imports peaked at $X in 2017; however, from 2018 to 2020, imports remained at a lower figure.

Imports by Country

France (X kg), Madagascar (X kg) and Indonesia (X kg) were the main suppliers of vanilla imports to Thailand, together accounting for X% of total imports. These countries were followed by Germany, which accounted for a further X 2007 to 2019, the biggest increases were in Germany (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest vanilla suppliers to Thailand were France ($X), Madagascar ($X) and Indonesia ($X), together comprising X% of total imports. Germany lagged somewhat behind, comprising a further X (+X% per year) saw the highest rates of growth with regard to the value of imports, among the main suppliers 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, falling by -X% against the previous year. In general, the import price, however, enjoyed a pronounced increase. The growth pace was the most rapid in 2016 when the average import price increased by X% y-o-y. As a result, import price reached the peak level of $X per tonne. from 2017 to 2019, the growth in terms of the average import prices remained at a somewhat lower figure.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Germany, 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. 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 Thailand?
+
In value terms, France ($57K), Madagascar ($38K) and Indonesia ($27K) were the largest vanilla suppliers to Thailand, with a combined 99% share of total imports. Germany lagged somewhat behind, comprising a further 0.6%.
What are the leading importers of vanilla from Thailand?
+
In value terms, Singapore ($39K) and Malaysia ($30K) were the largest markets for vanilla exported from Thailand worldwide.
What is the average export price for vanilla in Thailand?
+
In 2020, the average vanilla export price amounted to $2,593 per tonne, rising by 20% against the previous year.
What is the average import price for vanilla in Thailand?
+
The average vanilla import price stood at $79,635 per tonne in 2019, which is down by -4.6% against the previous year.

Product coverage:
• FCL 692 - Vanilla

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

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