Global Vanilla Market
Market Overview
In 
, the global vanilla market increased by % to $, rising for the second consecutive year after two years of decline. In general, the total consumption indicated notable growth from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against indices. Global consumption peaked in and is expected to retain growth in the near future.
In value terms, vanilla production reduced to $ in estimated in export price. In general, production, however, saw a moderate expansion. The growth pace was the most rapid in 2016 when the production volume increased by %. Global production peaked at $ in 2018; however, from 2019 to , production failed to regain momentum.
The countries with the highest volumes of production in were Madagascar ( tons), Indonesia ( tons) and Mexico ( tons), together comprising % of global production. Papua New Guinea, China, Turkey and the Dominican Republic lagged somewhat behind, together comprising a further %.
From 2007 to, the biggest increases were recorded for Turkey (with a CAGR of +%), while production for the other global leaders experienced mixed trends in the production figures.
, the global vanilla market increased by % to $, rising for the second consecutive year after two years of decline. In general, the total consumption indicated notable growth from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against indices. Global consumption peaked in and is expected to retain growth in the near future.In value terms, vanilla production reduced to $
in estimated in export price. In general, production, however, saw a moderate expansion. The growth pace was the most rapid in 2016 when the production volume increased by %. Global production peaked at $ in 2018; however, from 2019 to , production failed to regain momentum.The countries with the highest volumes of production in
were Madagascar ( tons), Indonesia ( tons) and Mexico ( tons), together comprising % of global production. Papua New Guinea, China, Turkey and the Dominican Republic lagged somewhat behind, together comprising a further %.From 2007 to
, the biggest increases were recorded for Turkey (with a CAGR of +%), while production for the other global leaders experienced mixed trends in the production figures.Consumption
For the third year in a row, the global market recorded growth in consumption of vanilla, which increased by % to tons in . Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Global consumption peaked at tons in 2007; however, from 2008 to , consumption remained at a lower figure.
The global vanilla market value surged to $ in , jumping by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated moderate growth from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against indices. Global consumption peaked in and is likely to see gradual growth in the immediate term.
% to tons in . Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Global consumption peaked at tons in 2007; however, from 2008 to , consumption remained at a lower figure.The global vanilla market value surged to $
in , jumping by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated moderate growth from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against indices. Global consumption peaked in and is likely to see gradual growth in the immediate term.Consumption by Country
The countries with the highest volumes of consumption in were Indonesia ( tons), the United States ( tons) and France ( tons), together accounting for % of global consumption. Mexico, China, the UK, Syrian Arab Republic, Germany, the Dominican Republic, Canada and Italy lagged somewhat behind, together accounting for a further %.
From 2007 to, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by Syrian Arab Republic (with a CAGR of +%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, the largest vanilla markets worldwide were Indonesia ($), the United States ($) and France ($), together comprising % of the global market. Germany, Canada, Mexico, Italy, the UK, Syrian Arab Republic, China and the Dominican Republic lagged somewhat behind, together comprising a further %.
In terms of the main consuming countries, Syrian Arab Republic, with a CAGR of +%, recorded the highest growth rate of market size over the period under review, while market for the other global leaders experienced more modest paces of growth.
The countries with the highest levels of vanilla per capita consumption in were the Dominican Republic ( kg per persons), France ( kg per persons) and Syrian Arab Republic ( kg per persons).
From 2007 to, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by Syrian Arab Republic (with a CAGR of +%), while consumption for the other global leaders experienced more modest paces of growth.
were Indonesia ( tons), the United States ( tons) and France ( tons), together accounting for % of global consumption. Mexico, China, the UK, Syrian Arab Republic, Germany, the Dominican Republic, Canada and Italy lagged somewhat behind, together accounting for a further %.From 2007 to
, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by Syrian Arab Republic (with a CAGR of +%), while consumption for the other global leaders experienced more modest paces of growth.In value terms, the largest vanilla markets worldwide were Indonesia ($
), the United States ($) and France ($), together comprising % of the global market. Germany, Canada, Mexico, Italy, the UK, Syrian Arab Republic, China and the Dominican Republic lagged somewhat behind, together comprising a further %.In terms of the main consuming countries, Syrian Arab Republic, with a CAGR of +
%, recorded the highest growth rate of market size over the period under review, while market for the other global leaders experienced more modest paces of growth.The countries with the highest levels of vanilla per capita consumption in
were the Dominican Republic ( kg per persons), France ( kg per persons) and Syrian Arab Republic ( kg per persons).From 2007 to
, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by Syrian Arab Republic (with a CAGR of +%), while consumption for the other global leaders experienced more modest paces of growth.Market Forecast
Depressed by shrinking demand for vanilla worldwide, the market is expected to continue its downward consumption trend over the next eight-year period. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to tons by the end of .
In value terms, the market is forecast to contract with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to depress the market volume to tons by the end of .In value terms, the market is forecast to contract with an anticipated CAGR of +
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
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