Eastern Europe: Vanilla Market 2025

Vanilla Exports

Exports in Eastern Europe

In 2022, approx. X tons of vanilla were exported in Eastern Europe; which is down by -18.5% on the previous year. Overall, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2018 when exports increased by 157%. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, vanilla exports dropped sharply to $X in 2022. In general, exports, however, saw significant growth. The pace of growth was the most pronounced in 2015 when exports increased by 388%. Over the period under review, the exports reached the peak figure at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

The Czech Republic represented the largest exporter of vanilla in Eastern Europe, with the volume of exports resulting at X tons, which was near 66% of total exports in 2022. It was distantly followed by Poland (X tons), generating a 23% share of total exports. Hungary (X tons) and Romania (X tons) followed a long way behind the leaders.

The Czech Republic was also the fastest-growing in terms of the vanilla exports, with a CAGR of +50.6% from 2012 to 2022. At the same time, Hungary (+30.5%) and Poland (+24.2%) displayed positive paces of growth. By contrast, Romania (-16.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Czech Republic and Romania increased by +56 and +3.3 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) remains the largest vanilla supplier in Eastern Europe, comprising 57% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a 26% share of total exports. It was followed by Romania, with an 8% share.

In Poland, vanilla exports expanded at an average annual rate of +52.1% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: the Czech Republic (+35.2% per year) and Romania (-16.4% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, falling by -24.2% against the previous year. In general, the export price, however, showed pronounced growth. The growth pace was the most rapid in 2015 when the export price increased by 154% against the previous year. Over the period under review, the export prices reached the maximum 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 Poland ($X per ton), while the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+22.5%), while the other leaders experienced mixed trends in the export price figures.

Vanilla Imports

Imports in Eastern Europe

In 2022, supplies from abroad of vanilla decreased by -48.6% to X tons, falling for the third consecutive year after three years of growth. Over the period under review, imports, however, showed mild growth. The most prominent rate of growth was recorded in 2013 with an increase of 116%. The volume of import peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, vanilla imports shrank significantly to $X in 2022. In general, imports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2018 when imports increased by 93% against the previous year. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Poland represented the key importer of vanilla in Eastern Europe, with the volume of imports recording X tons, which was approx. 43% of total imports in 2022. Romania (X tons) held a 16% share (based on physical terms) of total imports, which put it in second place, followed by the Czech Republic (14%), Russia (8.2%), Hungary (6.4%) and Latvia (4.8%). Estonia (X tons) followed a long way behind the leaders.

Poland experienced a relatively flat trend pattern with regard to volume of imports of vanilla. At the same time, Romania (+13.4%), Russia (+8.2%) and the Czech Republic (+5.7%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +13.4% from 2012-2022. By contrast, Hungary (-2.3%), Estonia (-9.8%) and Latvia (-20.5%) illustrated a downward trend over the same period. Romania (+11 p.p.), Latvia (+4.8 p.p.), the Czech Republic (+4.6 p.p.) and Russia (+3.8 p.p.) significantly strengthened its position in terms of the total imports, while Hungary, Estonia and Poland saw its share reduced by -3.1%, -5.2% and -7.6% from 2012 to 2022, respectively.

In value terms, Poland ($X) constitutes the largest market for imported vanilla in Eastern Europe, comprising 54% of total imports. The second position in the ranking was held by the Czech Republic ($X), with a 19% share of total imports. It was followed by Romania, with a 7.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Poland stood at +26.1%. In the other countries, the average annual rates were as follows: the Czech Republic (+29.3% per year) and Romania (+27.5% per year).

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per ton, growing by 61% against the previous year. Overall, the import price enjoyed a significant increase. The most prominent rate of growth was recorded in 2016 an increase of 101% against the previous year. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Estonia ($X per ton), while Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (+91.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :