India: Vanilla Market 2025

Vanilla Market Size in India

The Indian vanilla market fell to $X in 2022, waning by -4.7% against the previous year. Overall, consumption recorded a relatively flat trend pattern. Vanilla consumption peaked at $X in 2021, and then fell modestly in the following year.

Vanilla Production in India

In value terms, vanilla production fell to $X in 2022 estimated in export price. In general, production faced a abrupt slump. The most prominent rate of growth was recorded in 2017 when the production volume increased by 149%. Vanilla production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

In 2022, the average vanilla yield in India amounted to less than X kg per ha, approximately reflecting the year before. Over the period under review, the yield showed 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.

The vanilla harvested area in India totaled less than X ha in 2022, remaining constant against 2021. Overall, the harvested area showed a relatively flat trend pattern.

Vanilla Exports

Exports from India

For the sixth consecutive year, India recorded decline in shipments abroad of vanilla, which decreased by -33.2% to X tons in 2022. Over the period under review, exports faced a precipitous descent. The pace of growth was the most pronounced in 2016 when exports increased by 13%. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, vanilla exports fell markedly to $X in 2022. In general, exports saw a significant decline. The growth pace was the most rapid in 2016 when exports increased by 169% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for vanilla exports from India, with a 69% share of total exports. Moreover, vanilla exports to the United States exceeded the volume sent to the second major destination, Germany (X kg), tenfold. Poland (X kg) ranked third in terms of total exports with a 6.2% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at -27.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-32.2% per year) and Poland (+37.1% per year).

In value terms, the United States ($X) remains the key foreign market for vanilla exports from India, comprising 73% of total exports. The second position in the ranking was held by Poland ($X), with a 9.6% share of total exports. It was followed by Germany, with a 3.1% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to -20.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+47.6% per year) and Germany (-32.6% per year).

Export Prices by Country

The average vanilla export price stood at $X per ton in 2022, approximately equating the previous year. In general, the export price, however, posted resilient growth. The pace of growth was the most pronounced in 2017 when the average export price increased by 189%. As a result, the export price reached the peak level of $X per ton. From 2018 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 Poland ($X per ton), while the average price for exports to Mauritius ($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 France (+14.8%), while the prices for the other major destinations experienced more modest paces of growth.

Vanilla Imports

Imports into India

In 2022, approx. X kg of vanilla were imported into India; declining by -16.3% on 2021. In general, imports continue to indicate a sharp decline. The most prominent rate of growth was recorded in 2021 when imports increased by 333%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, vanilla imports fell rapidly to $X in 2022. Over the period under review, imports showed a dramatic curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 333%. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The UK (X kg) and Sri Lanka (X kg) were the main suppliers of vanilla imports to India.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +98.6%).

In value terms, Sri Lanka ($X) and the UK ($X) appeared to be the largest vanilla suppliers to India.

Among the main suppliers, the UK, with a CAGR of +27.5%, recorded the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

The average vanilla import price stood at $X per ton in 2022, standing approx. at the previous year. Overall, the import price, however, recorded a significant increase. The most prominent rate of growth was recorded in 2017 when the average import price increased by 319%. Over the period under review, average import prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat 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 Sri Lanka ($X per ton), while the price for the UK totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mauritius (+40.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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