Report Update Jan 1, 2025

Colombia - Vanilla - Market Analysis, Forecast, Size, Trends and Insights

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Colombia: Vanilla Market 2025

Vanilla Market Size in Colombia

In 2022, after two years of growth, there was significant decline in the Colombian vanilla market, when its value decreased by -34.1% to $X. Overall, consumption, however, continues to indicate a significant increase. As a result, consumption attained the peak level of $X, and then declined remarkably in the following year.

Vanilla Exports

Exports from Colombia

Vanilla exports from Colombia fell to X kg in 2018, which is down by -7.1% against the previous year's figure. Overall, exports recorded a abrupt decrease. Over the period under review, the exports reached the maximum at X kg in 2017, and then fell in the following year.

In value terms, vanilla exports rose slightly to $X in 2018. The total export value increased at an average annual rate of +3.5% over the period from 2017 to 2018; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Panama (X kg) was the main destination for vanilla exports from Colombia, accounting for a 78% share of total exports. Moreover, vanilla exports to Panama exceeded the volume sent to the second major destination, Germany (X kg), fivefold. France (X kg) ranked third in terms of total exports with a 4.4% share.

From 2017 to 2018, the average annual growth rate of volume to Panama stood at -23.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (0.0% per year) and France (-20.0% per year).

In value terms, Germany ($X) emerged as the key foreign market for vanilla exports from Colombia, comprising 65% of total exports. The second position in the ranking was taken by Panama ($X), with a 28% share of total exports. It was followed by France, with a 7.1% share.

From 2017 to 2018, the average annual rate of growth in terms of value to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (-55.8% per year) and France (-79.4% per year).

Export Prices by Country

In 2018, the average vanilla export price amounted to $X per ton, picking up by 11% against the previous year. Over the last one years, it increased at an average annual rate of +11.5%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2018, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Greenland ($X per ton) was amongst the lowest.

From 2017 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Panama (-42.0%).

Vanilla Imports

Imports into Colombia

In 2022, after two years of growth, there was significant decline in overseas purchases of vanilla, when their volume decreased by -34.1% to X tons. In general, imports, however, recorded a significant expansion. The growth pace was the most rapid in 2021 with an increase of 214%. As a result, imports attained the peak of X tons, and then contracted rapidly in the following year.

In value terms, vanilla imports declined markedly to $X in 2022. Over the period under review, imports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 3,593%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest vanilla supplier to Colombia, with a 67% share of total imports. Moreover, vanilla imports from the United States exceeded the figures recorded by the second-largest supplier, Mexico (X kg), threefold. France (X kg) ranked third in terms of total imports with a 2.4% share.

From 2012 to 2022, the average annual growth rate of volume from the United States stood at +33.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+43.8% per year) and France (+9.6% per year).

In value terms, the United States ($X) constituted the largest supplier of vanilla to Colombia, comprising 61% of total imports. The second position in the ranking was held by Indonesia ($X), with a 15% share of total imports. It was followed by France, with a 7.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at +71.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+62.3% per year) and France (+38.9% per year).

Import Prices by Country

In 2022, the average vanilla import price amounted to $X per ton, growing by 2.9% against the previous year. Overall, the import price enjoyed significant growth. The most prominent rate of growth was recorded in 2013 when the average import price increased by 3,868% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lebanon (+181.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for vanilla in the world?

Indonesia remains the largest vanilla consuming country worldwide, accounting for 31% of total volume. Moreover, vanilla consumption in Indonesia exceeded the figures recorded by the second-largest consumer, the United States, twofold. Mexico ranked third in terms of total consumption with a 6.9% share.

What are the largest producers of vanilla in the world?

The countries with the highest volumes of vanilla production in 2020 were Indonesia, Madagascar and Mexico, together comprising 73% of global production. These countries were followed by Papua New Guinea, China, Turkey and Uganda, which together accounted for a further 21%.

What are the leading suppliers of vanilla to Colombia?

In value terms, India constituted the largest supplier of vanilla to Colombia, comprising 64% of total imports. The second position in the ranking was occupied by France, with a 27% share of total imports.

What is the average import price for vanilla in Colombia?

The average vanilla import price stood at $13,000 per ton in 2020, dropping by -82.7% against the previous year.

This report provides an in-depth analysis of the vanilla market in Colombia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 692 - Vanilla

Country coverage:

Colombia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Colombia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024