Asia: Vanilla Market 2025

Vanilla Market Size in Asia

The Asian vanilla market skyrocketed to $X in 2022, surging by 19% against the previous year. The total consumption indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +3.5% 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 +29.7% against 2019 indices. The level of consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

Vanilla Production in Asia

In value terms, vanilla production contracted to $X in 2022 estimated in export price. The total production indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +2.2% 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 +3.9% against 2020 indices. The pace of growth appeared the most rapid in 2016 when the production volume increased by 47% 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.

The country with the largest volume of vanilla production was Indonesia (X tons), accounting for 70% of total volume. Moreover, vanilla production in Indonesia exceeded the figures recorded by the second-largest producer, China (X tons), fivefold. Turkey (X tons) ranked third in terms of total production with an 11% share.

In Indonesia, vanilla production declined by an average annual rate of -2.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: China (+1.3% per year) and Turkey (+2.5% per year).

Vanilla Exports

Exports in Asia

In 2022, shipments abroad of vanilla decreased by -0.1% to X tons, falling for the second year in a row after two years of growth. In general, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when exports increased by 28% 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 declined notably to $X in 2022. Overall, exports, however, posted prominent growth. The most prominent rate of growth was recorded in 2016 when exports increased by 336% against the previous year. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Turkey (X tons) and Indonesia (X tons) were the main exporters of vanilla in 2022, resulting at approx. 42% and 34% of total exports, respectively. It was distantly followed by China (X tons), comprising a 13% share of total exports. Thailand (X tons), Saudi Arabia (X tons) and the United Arab Emirates (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +45.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X) remains the largest vanilla supplier in Asia, comprising 94% of total exports. The second position in the ranking was taken by Turkey ($X), with a 1.6% share of total exports. It was followed by China, with a 1.5% share.

From 2012 to 2022, the average annual growth rate of value in Indonesia amounted to +26.2%. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (+3.0% per year) and China (+14.6% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, declining by -23.8% against the previous year. Overall, the export price, however, enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2016 when the export price increased by 251% against the previous year. The level of export peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while Turkey ($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

In 2022, vanilla imports in Asia skyrocketed to X tons, rising by 36% compared with the previous year's figure. Overall, imports continue to indicate a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, vanilla imports expanded rapidly to $X in 2022. Over the period under review, imports posted a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of 131%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Indonesia represented the major importer of vanilla in Asia, with the volume of imports reaching X tons, which was near 48% of total imports in 2022. Syrian Arab Republic (X tons) took the second position in the ranking, distantly followed by Saudi Arabia (X tons). All these countries together took approx. 24% share of total imports. Japan (X tons), Malaysia (X tons), Azerbaijan (X tons), Singapore (X tons), Brunei Darussalam (X tons) and Iraq (X tons) took a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to vanilla imports into Indonesia stood at +31.8%. At the same time, Syrian Arab Republic (+41.7%), Brunei Darussalam (+13.0%) and Saudi Arabia (+11.2%) displayed positive paces of growth. Moreover, Syrian Arab Republic emerged as the fastest-growing importer imported in Asia, with a CAGR of +41.7% from 2012-2022. By contrast, Malaysia (-1.6%), Japan (-4.4%), Azerbaijan (-5.7%), Singapore (-7.2%) and Iraq (-13.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Indonesia, Syrian Arab Republic, Saudi Arabia and Iraq increased by +42, +16, +1.8 and +1.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X), Japan ($X) and Saudi Arabia ($X) constituted the countries with the highest levels of imports in 2022, with a combined 71% share of total imports.

Indonesia, with a CAGR of +47.7%, saw the highest growth rate of the value of imports, in terms of 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 amounted to $X per ton, reducing by -16.5% against the previous year. Over the period under review, the import price, however, enjoyed prominent growth. The pace of growth appeared the most rapid in 2017 an increase of 115%. Over the period under review, import prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

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