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World - Vanilla - Market Analysis, Forecast, Size, Trends and Insights
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Global Vanilla Market Overview 2021

Vanilla Market Size

In 2020, the global vanilla market decreased by -X% to $X, falling for the second consecutive year after four years of growth. Over the period under review, the total consumption indicated a mild expansion from 2007 to 2020: its value decreased at an average annual rate of -X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption decreased by -X% against 2018 indices. The pace of growth appeared the most rapid in 2017 when the market value increased by X% y-o-y. Global consumption peaked at $X in 2018; however, from 2019 to 2020, consumption stood at a somewhat lower figure.

Vanilla Production

In value terms, vanilla production reduced sharply to $X in 2020 estimated in export prices. Overall, the total production indicated slight growth from 2007 to 2020: its value decreased at an average annual rate of -X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. Over the period under review, global production hit record highs at $X in 2018; however, from 2019 to 2020, production remained at a lower figure.

Production By Country

The countries with the highest volumes of vanilla production in 2020 were Indonesia (X tonnes), Madagascar (X tonnes) and Mexico (X tonnes), with a combined X% share of global production. Papua New Guinea, China, Turkey and Uganda lagged somewhat behind, together accounting for a further X 2007 to 2020, the most notable rate of growth in terms of vanilla production, amongst the leading producing countries, was attained by Turkey, while vanilla production for the other global leaders experienced a decline in the production figures.

Vanilla Exports

Exports

In 2020, approx. X tonnes of vanilla were exported worldwide; waning by -X% compared with the year before. Overall, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of X% y-o-y. Over the period under review, global exports reached the peak figure at X tonnes in 2015; however, from 2016 to 2020, exports failed to regain the momentum.

In value terms, vanilla exports dropped dramatically to $X in 2020. In general, exports showed a resilient increase. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. Global exports peaked at $X in 2018; however, from 2019 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Madagascar was the key exporter of vanilla in the world, with the volume of exports recording X tonnes, which was approx. X% of total exports in 2020. The U.S. (X tonnes) ranks second in terms of the total exports with a X% share, followed by Indonesia (X%), Papua New Guinea (X%), France (X%) and Turkey (X%). Germany (X tonnes), Canada (X tonnes), the Netherlands (X tonnes), China (X tonnes) and Belgium (X tonnes) followed a long way behind the leaders.

From 2007 to 2020, average annual rates of growth with regard to vanilla exports from Madagascar stood at -X%. At the same time, the U.S. (+X%), the Netherlands (+X%), Turkey (+X%), China (+X%), Belgium (+X%) and Papua New Guinea (+X%) displayed positive paces of growth. Moreover, the U.S. emerged as the fastest-growing exporter exported in the world, with a CAGR of +X% from 2007-2020. Indonesia experienced a relatively flat trend pattern. By contrast, Germany (-X%), France (-X%) and Canada (-X%) illustrated a downward trend over the same period. While the share of the U.S. (+X p.p.), Turkey (+X p.p.), Papua New Guinea (+X p.p.) and the Netherlands (+X p.p.) increased significantly in terms of the global exports from 2007-2020, the share of Madagascar (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Madagascar ($X) remains the largest vanilla supplier worldwide, comprising X% of global exports. The second position in the ranking was occupied by Indonesia ($X), with a X% share of global exports. It was followed by France, with a X% share.

In Madagascar, vanilla exports expanded at an average annual rate of +X% over the period from 2007-2020. The remaining exporting countries recorded the following average annual rates of exports growth: Indonesia (+X% per year) and France (+X% per year).

Export Prices by Country

The average vanilla export price stood at $X per tonne in 2020, waning by -X% against the previous year. Overall, the export price, however, continues to indicate resilient growth. The pace of growth was the most pronounced in 2016 when the average export price increased by X% y-o-y. Global export price peaked at $X per tonne in 2018; however, from 2019 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Germany ($X per tonne), while Turkey ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Indonesia, while the other global leaders experienced more modest paces of growth.

Vanilla Imports

Imports

In 2020, global imports of vanilla contracted to X tonnes, dropping by -X% compared with 2019 figures. Over the period under review, imports recorded a mild shrinkage. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. As a result, imports attained the peak of X tonnes. from 2016 to 2020, the growth of global imports failed to regain the momentum.

In value terms, vanilla imports reduced markedly to $X in 2020. In general, imports recorded resilient growth. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Global imports peaked at $X in 2018; however, from 2019 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, the U.S. (X tonnes), distantly followed by France (X tonnes), Germany (X tonnes) and Syrian Arab Republic (X tonnes) represented the major importers of vanilla, together committing X% of total imports. The following importers - Indonesia (X tonnes), Canada (X tonnes), Spain (X tonnes), the Netherlands (X tonnes), Belgium (X tonnes), Australia (X tonnes), the UK (X tonnes), the Czech Republic (X tonnes) and Saudi Arabia (X tonnes) - together made up X% of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Syrian Arab Republic (+X% per year), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the U.S. ($X) constitutes the largest market for imported vanilla worldwide, comprising X% of global imports. The second position in the ranking was occupied by France ($X), with a X% share of global imports. It was followed by Germany, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value in the U.S. amounted to +X%. In the other countries, the average annual rates were as follows: France (+X% per year) and Germany (+X% per year).

Import Prices by Country

The average vanilla import price stood at $X per tonne in 2020, declining by -X% against the previous year. Overall, the import price, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2016 an increase of X% y-o-y. Global import price peaked at $X per tonne in 2018; however, from 2019 to 2020, import prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($X per tonne), while Syrian Arab Republic ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for vanilla in the world?
+
The country with the largest volume of vanilla consumption was Indonesia (2.3K tonnes), comprising approx. 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. These countries were followed by Papua New Guinea, China, Turkey and Uganda, which together accounted for a further 21%.
What are the leading suppliers of vanilla in the world?
+
In value terms, Madagascar ($492M) remains the largest vanilla supplier worldwide, comprising 56% of global exports. The second position in the ranking was occupied by Indonesia ($74M), with a 8.4% share of global exports. It was followed by France, with a 8.3% share.
What are the leading importers of vanilla in the world?
+
In value terms, the U.S. ($375M) constitutes the largest market for imported vanilla worldwide, comprising 42% of global imports. The second position in the ranking was occupied by France ($136M), with a 15% share of global imports. It was followed by Germany, with a 11% share.
What is the average export price for vanilla in the world?
+
In 2020, the average vanilla export price amounted to $155,542 per tonne, which is down by -31.6% against the previous year.
What is the average import price for vanilla in the world?
+
The average vanilla import price stood at $154,211 per tonne in 2020, dropping by -22% against the previous year.

Product coverage:
• FCL 692 - Vanilla

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



Data coverage:
• Global market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Global production, split by region and country
• Global trade (exports and imports)
• 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
CONSUMPTION BY COUNTRY
3.3
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. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS

The Largest Exporters on The Market and How They Succeed

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

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

United States
China
Japan
Germany
United Kingdom
France
Brazil
Italy
Russian Federation
India
Canada
Australia
Republic of Korea
Spain
Mexico
Indonesia
Netherlands
Turkey
Saudi Arabia
Switzerland
Sweden
Nigeria
Poland
Belgium
Argentina
Norway
Austria
Thailand
United Arab Emirates
Colombia
Denmark
South Africa
Malaysia
Israel
Singapore
Egypt
Philippines
Finland
Chile
Ireland
Pakistan
Greece
Portugal
Kazakhstan
Algeria
Czech Republic
Qatar
Peru
Romania
Vietnam
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, By Country, 2015–2020
Table 5:
Production, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Physical Terms, By Country, 2007–2020
Table 7:
Imports, In Value Terms, By Country, 2007–2020
Table 8:
Import Prices, By Country Of Destination, 2007–2020
Table 9:
Exports, In Physical Terms, By Country, 2007–2020
Table 10:
Exports, In Value Terms, By Country, 2007–2020
Table 11:
Export Prices, By Country Of Origin, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, By Country, 2020
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2007–2020
Figure 17:
Production, In Value Terms, 2007–2020
Figure 18:
Production, By Country, 2020
Figure 19:
Production, In Physical Terms, By Country, 2007–2020
Figure 20:
Imports, In Physical Terms, 2007–2020
Figure 21:
Imports, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, By Country, 2020
Figure 23:
Imports, In Physical Terms, By Country, 2007–2020
Figure 24:
Imports, In Value Terms, By Country, 2007–2020
Figure 25:
Import Prices, By Country, 2007–2020
Figure 26:
Exports, In Physical Terms, 2007–2020
Figure 27:
Exports, In Value Terms, 2007–2020
Figure 28:
Exports, In Physical Terms, By Country, 2020
Figure 29:
Exports, In Physical Terms, By Country, 2007–2020
Figure 30:
Exports, In Value Terms, By Country, 2007–2020
Figure 31:
Export Prices, 2007–2020

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