Australia and Oceania: Vanilla Market 2024

Vanilla Market Size in Australia and Oceania

In 2022, the vanilla market in Australia and Oceania was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. In general, consumption, however, saw a drastic downturn. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Vanilla Production in Australia and Oceania

In value terms, vanilla production rose remarkably to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a tangible increase. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Papua New Guinea (X tons) remains the largest vanilla producing country in Australia and Oceania, accounting for X% of total volume. Moreover, vanilla production in Papua New Guinea exceeded the figures recorded by the second-largest producer, Australia (X tons), eightfold. The third position in this ranking was held by Tonga (X tons), with a X% share.

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

Vanilla Exports

Exports in Australia and Oceania

Vanilla exports expanded slightly to X tons in 2022, growing by X% on the previous year. Over the period under review, exports recorded buoyant growth. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, vanilla exports expanded significantly to $X in 2022. Overall, exports continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2016 with an increase of X%. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Papua New Guinea represented the main exporter of vanilla in Australia and Oceania, with the volume of exports recording X tons, which was approx. X% of total exports in 2022. Australia (X tons) held the second position in the ranking, distantly followed by New Zealand (X tons). All these countries together took near X% share of total exports. French Polynesia (X tons) followed a long way behind the leaders.

Exports from Papua New Guinea increased at an average annual rate of X% from 2012 to 2022. At the same time, New Zealand (X%) and Australia (X%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of X% from 2012-2022. By contrast, French Polynesia (X%) illustrated a downward trend over the same period. While the share of Papua New Guinea (X p.p.) and New Zealand (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of French Polynesia (X p.p.) and Australia (X p.p.) displayed negative dynamics.

In value terms, Papua New Guinea ($X) remains the largest vanilla supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was held by French Polynesia ($X), with a X% share of total exports. It was followed by Australia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Papua New Guinea amounted to X%. In the other countries, the average annual rates were as follows: French Polynesia (X% per year) and Australia (X% per year).

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, surging by X% against the previous year. In general, the export price continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2016 when the export price increased by X%. Over the period under review, the export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

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

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

Vanilla Imports

Imports in Australia and Oceania

In 2022, overseas purchases of vanilla decreased by X% to X tons, falling for the third consecutive year after two years of growth. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, vanilla imports reduced to $X in 2022. Overall, imports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2018 when imports increased by X%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Australia (X tons) was the main importer of vanilla, comprising X% of total imports. Samoa (X tons) ranks second in terms of the total imports with a X% share, followed by New Zealand (X%). Micronesia (X tons), Palau (X tons), New Caledonia (X tons) and Papua New Guinea (X tons) followed a long way behind the leaders.

Australia experienced a relatively flat trend pattern with regard to volume of imports of vanilla. At the same time, Palau (X%), New Caledonia (X%), Samoa (X%) and Micronesia (X%) displayed positive paces of growth. Moreover, Palau emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2022. By contrast, New Zealand (X%) and Papua New Guinea (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Samoa, Micronesia, Palau and New Caledonia increased by X, X, X and X percentage points, respectively.

In value terms, Australia ($X) constitutes the largest market for imported vanilla in Australia and Oceania, comprising X% of total imports. The second position in the ranking was taken by New Zealand ($X), with an X% share of total imports. It was followed by Micronesia, with a X% share.

In Australia, vanilla imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (X% per year) and Micronesia (X% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the import price showed buoyant growth. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 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 New Zealand ($X per ton), while Palau ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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