EU: Vanilla Market 2025

Vanilla Exports

Exports in the EU

In 2022, the amount of vanilla exported in the European Union contracted slightly to X tons, shrinking by -2.4% against 2021 figures. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 39% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, vanilla exports shrank modestly to $X in 2022. Overall, exports, however, showed a strong increase. The most prominent rate of growth was recorded in 2013 with an increase of 52%. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, France (X tons), distantly followed by the Netherlands (X tons), Germany (X tons) and Belgium (X tons) were the largest exporters of vanilla, together comprising 86% of total exports. The Czech Republic (X tons), Spain (X tons) and Denmark (X tons) held a minor share of total exports.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of +50.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X) remains the largest vanilla supplier in the European Union, comprising 44% of total exports. The second position in the ranking was held by Germany ($X), with a 21% share of total exports. It was followed by the Netherlands, with a 16% share.

In France, vanilla exports expanded at an average annual rate of +13.4% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (+6.9% per year) and the Netherlands (+37.6% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, reducing by -2.4% against the previous year. Over the period under review, the export price, however, saw resilient growth. The pace of growth appeared the most rapid in 2017 an increase of 74% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2018; however, from 2019 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 France ($X per ton), while Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+27.7%), while the other leaders experienced more modest paces of growth.

Vanilla Imports

Imports in the EU

In 2022, overseas purchases of vanilla increased by 2.7% to X tons, rising for the second year in a row after two years of decline. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 18% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, vanilla imports expanded to $X in 2022. Over the period under review, imports recorded a strong expansion. The pace of growth was the most pronounced in 2013 with an increase of 69% against the previous year. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

France was the main importing country with an import of about X tons, which recorded 45% of total imports. Germany (X tons) took the second position in the ranking, distantly followed by the Netherlands (X tons), Belgium (X tons) and Spain (X tons). All these countries together held near 38% share of total imports. The following importers - Denmark (X tons) and Italy (X tons) - each reached an 8.3% share of total imports.

France experienced a relatively flat trend pattern with regard to volume of imports of vanilla. At the same time, Spain (+21.0%) and Italy (+3.4%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing importer imported in the European Union, with a CAGR of +21.0% from 2012-2022. Denmark experienced a relatively flat trend pattern. By contrast, the Netherlands (-2.6%), Germany (-3.5%) and Belgium (-4.2%) illustrated a downward trend over the same period. While the share of France (+6.4 p.p.) and Spain (+4.3 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the Netherlands (-1.7 p.p.), Belgium (-2.6 p.p.) and Germany (-6.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, France ($X) constitutes the largest market for imported vanilla in the European Union, comprising 56% of total imports. The second position in the ranking was held by Germany ($X), with an 18% share of total imports. It was followed by the Netherlands, with a 9.9% share.

In France, vanilla imports expanded at an average annual rate of +24.1% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+15.9% per year) and the Netherlands (+23.9% per year).

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per ton, approximately equating the previous year. Overall, the import price, however, posted a significant increase. The growth pace was the most rapid in 2016 an increase of 106% against the previous year. Over the period under review, import prices hit record highs 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 the Netherlands ($X per ton), while Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+27.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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