Australia: Vanilla Market 2024

Vanilla Market Size in Australia

The Australian vanilla market was finally on the rise to reach $X in 2022, after two years of decline. Over the period under review, consumption saw moderate growth. Vanilla consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Vanilla Production in Australia

In value terms, vanilla production rose to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a abrupt decline. The pace of growth was the most pronounced in 2016 when the production volume increased by 52% against the previous year. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

The average yield of vanilla in Australia totaled less than X kg per ha in 2022, remaining constant against the year before. Overall, the yield continues to indicate a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. less than X ha of vanilla were harvested in Australia; therefore, remained relatively stable against the year before. Over the period under review, the harvested area showed a relatively flat trend pattern.

Vanilla Exports

Exports from Australia

In 2022, approx. X tons of vanilla were exported from Australia; rising by 50% compared with 2021. In general, exports posted moderate growth. The pace of growth was the most pronounced in 2020 with an increase of 124% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, vanilla exports expanded slightly to $X in 2022. Over the period under review, exports posted a strong increase. The pace of growth appeared the most rapid in 2020 when exports increased by 106% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Germany (X tons), the UK (X tons) and the United States (X tons) were the main destinations of vanilla exports from Australia, with a combined 55% share of total exports. Malaysia, Switzerland, Kiribati, Italy, the Netherlands and New Zealand lagged somewhat behind, together comprising a further 38%.

From 2012 to 2022, the biggest increases were recorded for Kiribati (with a CAGR of +55.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and the UK ($X) appeared to be the largest markets for vanilla exported from Australia worldwide, together accounting for 69% of total exports. Switzerland, Malaysia, Italy, the Netherlands, Kiribati and New Zealand lagged somewhat behind, together comprising a further 21%.

In terms of the main countries of destination, Kiribati, with a CAGR of +53.7%, recorded the highest rates of growth with regard to 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

The average vanilla export price stood at $X per ton in 2022, falling by -30.6% against the previous year. Overall, the export price, however, showed modest growth. The pace of growth was the most pronounced in 2018 when the average export price increased by 162% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while the average price for exports to Kiribati ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (+13.2%), while the prices for the other major destinations experienced more modest paces of growth.

Vanilla Imports

Imports into Australia

In 2022, supplies from abroad of vanilla decreased by -19.4% to X tons, falling for the third year in a row after two years of growth. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when imports increased by 426%. Over the period under review, imports attained the maximum 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. Over the period under review, imports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2018 when imports increased by 162%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Madagascar (X tons), Uganda (X tons) and Papua New Guinea (X tons) were the main suppliers of vanilla imports to Australia, with a combined 65% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Uganda (with a CAGR of +62.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Madagascar ($X) constituted the largest supplier of vanilla to Australia, comprising 50% of total imports. The second position in the ranking was held by Uganda ($X), with a 20% share of total imports. It was followed by Papua New Guinea, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from Madagascar totaled +39.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Uganda (+84.7% per year) and Papua New Guinea (-5.6% per year).

Import Prices by Country

The average vanilla import price stood at $X per ton in 2022, with an increase of 13% against the previous year. Overall, the import price posted a buoyant expansion. The most prominent rate of growth was recorded in 2016 an increase of 190% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Madagascar (+17.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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