SADC: Vanilla Market 2024

Vanilla Market Size in SADC

In 2022, the SADC vanilla market increased by X% to $X, rising for the second year in a row after three years of decline. The total consumption indicated a measured 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. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Vanilla Production in SADC

In value terms, vanilla production declined to $X in 2022 estimated in export price. Over the period under review, production, however, recorded measured growth. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

The country with the largest volume of vanilla production was Madagascar (X tons), accounting for X% of total volume. Moreover, vanilla production in Madagascar exceeded the figures recorded by the second-largest producer, South Africa (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume in Madagascar totaled X%.

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Vanilla Exports

Exports in SADC

In 2022, approx. X tons of vanilla were exported in SADC; falling by X% on the previous year's figure. Overall, exports showed a noticeable curtailment. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, vanilla exports shrank to $X in 2022. Over the period under review, exports, however, posted significant growth. The growth pace was the most rapid in 2016 with an increase of X%. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Madagascar dominates exports structure, recording X tons, which was near X% of total exports in 2022. South Africa (X tons) and Mauritius (X tons) followed a long way behind the leaders.

Exports from Madagascar decreased at an average annual rate of X% from 2012 to 2022. At the same time, Mauritius (X%) and South Africa (X%) displayed positive paces of growth. Moreover, Mauritius emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2022. While the share of South Africa (X p.p.) increased significantly in terms of the total exports from 2012-2022, 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 ($X) remains the largest vanilla supplier in SADC, comprising X% of total exports. The second position in the ranking was held by Mauritius ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Madagascar amounted to X%. In the other countries, the average annual rates were as follows: Mauritius (X% per year) and South Africa (X% per year).

Export Prices by Country

The export price in SADC stood at $X per ton in 2022, waning by X% against the previous year. Over the period under review, the export price, however, recorded significant growth. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Mauritius ($X per ton), while South Africa ($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 other leaders experienced mixed trends in the export price figures.

Vanilla Imports

Imports in SADC

Vanilla imports fell to X tons in 2022, which is down by X% on the previous year. Over the period under review, imports, however, recorded a perceptible increase. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, vanilla imports expanded sharply to $X in 2022. In general, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2014 when imports increased by X%. The level of import peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Mauritius (X tons) was the largest importer of vanilla, generating X% of total imports. Madagascar (X tons) held the second position in the ranking, followed by Seychelles (X tons), Tanzania (X tons) and South Africa (X tons). All these countries together held near X% share of total imports. The following importers - Zambia (X tons) and Angola (X tons) - each recorded a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to vanilla imports into Mauritius stood at X%. At the same time, Zambia (X%), Tanzania (X%) and Seychelles (X%) displayed positive paces of growth. Moreover, Zambia emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2022. Madagascar experienced a relatively flat trend pattern. By contrast, Angola (X%) and South Africa (X%) illustrated a downward trend over the same period. While the share of Mauritius (X p.p.), Tanzania (X p.p.), Seychelles (X p.p.) and Zambia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Angola (X p.p.), Madagascar (X p.p.) and South Africa (X p.p.) displayed negative dynamics.

In value terms, Mauritius ($X) constitutes the largest market for imported vanilla in SADC, comprising X% of total imports. The second position in the ranking was held by Madagascar ($X), with a X% share of total imports. It was followed by South Africa, with an X% share.

In Mauritius, vanilla imports increased 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: Madagascar (X% per year) and South Africa (X% per year).

Import Prices by Country

In 2022, the import price in SADC amounted to $X per ton, surging by X% against the previous year. Overall, the import price recorded significant growth. The most prominent rate of growth was recorded in 2016 when the import price increased by X%. Over the period under review, import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Madagascar ($X per ton), while Seychelles ($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 other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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