Asia-Pacific: Vanilla Market 2024

Vanilla Market Size in Asia-Pacific

In 2022, the Asia-Pacific vanilla market increased by X% to $X, rising for the second year in a row after two years of decline. The total consumption indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the near future.

Vanilla Production in Asia-Pacific

In value terms, vanilla production fell modestly to $X in 2022 estimated in export price. The total production indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Indonesia (X tons) constituted the country with the largest volume of vanilla production, accounting for X% of total volume. Moreover, vanilla production in Indonesia exceeded the figures recorded by the second-largest producer, Papua New Guinea (X tons), fivefold. China (X tons) ranked third in terms of total production with a X% share.

In Indonesia, vanilla production contracted by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Papua New Guinea (X% per year) and China (X% per year).

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Vanilla Exports

Exports in Asia-Pacific

After three years of growth, overseas shipments of vanilla decreased by X% to X tons in 2022. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. The volume of export peaked at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, vanilla exports contracted to $X in 2022. In general, exports, however, posted buoyant growth. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Papua New Guinea (X tons) and Indonesia (X tons) were the key exporters of vanilla in 2022, finishing at near X% and X% of total exports, respectively. China (X tons) took the next position in the ranking, followed by Australia (X tons). All these countries together took near X% share of total exports. The following exporters - Thailand (X tons) and New Zealand (X tons) - together made up X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Thailand (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Papua New Guinea ($X) and Australia ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

In terms of the main exporting countries, Papua New Guinea, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, dropping by X% against the previous year. Overall, the export price, however, continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2016 when the export price increased by X%. The level of export peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while Thailand ($X per ton) was amongst the lowest.

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

Vanilla Imports

Imports in Asia-Pacific

In 2022, supplies from abroad of vanilla was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Total imports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, vanilla imports stood at $X in 2022. Over the period under review, imports recorded a strong increase. The most prominent rate of growth was recorded in 2017 when imports increased by X%. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Indonesia prevails in imports structure, amounting to X tons, which was near X% of total imports in 2022. Japan (X tons) held the second position in the ranking, followed by Australia (X tons). All these countries together took approx. X% share of total imports. The following importers - Malaysia (X tons), Singapore (X tons), Brunei Darussalam (X tons) and Samoa (X tons) - together made up X% of total imports.

Indonesia was also the fastest-growing in terms of the vanilla imports, with a CAGR of X% from 2012 to 2022. At the same time, Samoa (X%) and Brunei Darussalam (X%) displayed positive paces of growth. Australia experienced a relatively flat trend pattern. By contrast, Malaysia (X%), Japan (X%) and Singapore (X%) illustrated a downward trend over the same period. Indonesia (X p.p.) significantly strengthened its position in terms of the total imports, while Malaysia, Australia, Singapore and Japan saw its share reduced by X%, X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X), Japan ($X) and Australia ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Indonesia, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per ton, dropping by X% against the previous year. Overall, the import price, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while Brunei Darussalam ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :