Asia-Pacific: Vanilla Market 2025

Vanilla Market Size in Asia-Pacific

In 2022, the Asia-Pacific vanilla market increased by 21% to $X, rising for the second consecutive year after two years of decline. The total consumption indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +2.9% 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 +25.5% against 2020 indices. The level of consumption peaked in 2022 and is likely to continue growth in years to come.

Vanilla Production in Asia-Pacific

In value terms, vanilla production shrank slightly to $X in 2022 estimated in export price. The total production indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +2.4% 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 +2.1% against 2020 indices. The growth pace was the most rapid in 2016 with an increase of 46%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Indonesia (X tons) remains the largest vanilla producing country in Asia-Pacific, comprising approx. 65% of total volume. Moreover, vanilla production in Indonesia exceeded the figures recorded by the second-largest producer, Papua New Guinea (X tons), fivefold. The third position in this ranking was held by China (X tons), with a 14% share.

From 2012 to 2022, the average annual growth rate of volume in Indonesia amounted to -2.9%. The remaining producing countries recorded the following average annual rates of production growth: Papua New Guinea (+2.5% per year) and China (+1.3% per year).

Vanilla Exports

Exports in Asia-Pacific

In 2022, after three years of growth, there was decline in shipments abroad of vanilla, when their volume decreased by -0.5% to X tons. The total export volume increased at an average annual rate of +1.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 with an increase of 39% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, vanilla exports fell to $X in 2022. In general, exports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2016 when exports increased by 278% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Papua New Guinea (X tons) and Indonesia (X tons) were the largest exporters of vanilla in 2022, amounting to near 39% and 31% of total exports, respectively. China (X tons) took a 12% share (based on physical terms) of total exports, which put it in second place, followed by Australia (9.3%). Thailand (X tons) and New Zealand (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Thailand (with a CAGR of +45.2%), 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, together accounting for 92% of total exports.

Among the main exporting countries, Papua New Guinea, with a CAGR of +32.6%, saw the highest growth rate of 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, shrinking by -11.7% against the previous year. Overall, the export price, however, recorded a strong increase. The most prominent rate of growth was recorded in 2016 when the export price increased by 201%. Over the period under review, the export prices attained the maximum at $X per ton in 2017; however, from 2018 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 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 (+23.7%), while the other leaders experienced more modest paces of growth.

Vanilla Imports

Imports in Asia-Pacific

After three years of decline, supplies from abroad of vanilla increased by 59% to X tons in 2022. Total imports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +6.7% 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 totaled $X in 2022. In general, imports posted a remarkable increase. The most prominent rate of growth was recorded in 2017 when imports increased by 101% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Indonesia dominates imports structure, finishing at X tons, which was approx. 70% of total imports in 2022. It was distantly followed by Japan (X tons) and Australia (X tons), together making up an 11% share of total imports. Malaysia (X tons), Singapore (X tons), Brunei Darussalam (X tons) and Samoa (X tons) held a little share of total imports.

Indonesia was also the fastest-growing in terms of the vanilla imports, with a CAGR of +31.8% from 2012 to 2022. At the same time, Samoa (+15.7%) and Brunei Darussalam (+13.0%) displayed positive paces of growth. Australia experienced a relatively flat trend pattern. By contrast, Malaysia (-1.6%), Japan (-4.4%) and Singapore (-7.2%) illustrated a downward trend over the same period. Indonesia (+61 p.p.) significantly strengthened its position in terms of the total imports, while Malaysia, Australia, Singapore and Japan saw its share reduced by -5.2%, -5.3%, -9.7% and -11% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest vanilla importing markets in Asia-Pacific were Indonesia ($X), Japan ($X) and Australia ($X), with a combined 81% share of total imports.

Indonesia, with a CAGR of +47.7%, 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

The import price in Asia-Pacific stood at $X per ton in 2022, waning by -30.4% against the previous year. Over the period under review, the import price, however, saw resilient growth. The growth pace was the most rapid in 2017 an increase of 128% 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 (+16.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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