MENA: Vanilla Market 2025

Vanilla Market Size in MENA

In 2022, the MENA's vanilla market decreased by -14.9% to $X, falling for the fifth consecutive year after four years of growth. In general, consumption, however, recorded a moderate expansion. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Vanilla Production in MENA

In value terms, vanilla production reached $X in 2022 estimated in export price. The total production indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -9.3% against 2020 indices. The most prominent rate of growth was recorded in 2019 with an increase of 32% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Turkey (X tons) remains the largest vanilla producing country in MENA, comprising approx. 99.9% of total volume.

From 2012 to 2022, the average annual rate of growth in terms of volume in Turkey stood at +2.5%.

Vanilla Exports

Exports in MENA

For the fifth year in a row, MENA recorded growth in shipments abroad of vanilla, which increased by 6.3% to X tons in 2022. Overall, exports saw strong growth. The pace of growth appeared the most rapid in 2019 with an increase of 100%. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, vanilla exports shrank to $X in 2022. Over the period under review, exports continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2018 with an increase of 111%. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Turkey dominates exports structure, finishing at X tons, which was near 89% of total exports in 2022. It was distantly followed by Saudi Arabia (X tons), constituting a 6% share of total exports. The United Arab Emirates (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to vanilla exports from Turkey stood at +5.6%. At the same time, the United Arab Emirates (+31.0%) and Saudi Arabia (+5.5%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in MENA, with a CAGR of +31.0% from 2012-2022. Saudi Arabia (+6 p.p.) and the United Arab Emirates (+3.3 p.p.) significantly strengthened its position in terms of the total exports, while Turkey saw its share reduced by -10.2% from 2012 to 2022, respectively.

In value terms, Turkey ($X), Saudi Arabia ($X) and the United Arab Emirates ($X) constituted the countries with the highest levels of exports in 2022, with a combined 80% share of total exports.

Among the main exporting countries, the United Arab Emirates, with a CAGR of +37.1%, saw 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

In 2022, the export price in MENA amounted to $X per ton, shrinking by -15.4% against the previous year. Overall, the export price, however, continues to indicate a modest expansion. The growth pace was the most rapid in 2016 an increase of 55% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+12.1%), while the other leaders experienced mixed trends in the export price figures.

Vanilla Imports

Imports in MENA

In 2022, supplies from abroad of vanilla decreased by -3% to X tons for the first time since 2016, thus ending a five-year rising trend. In general, imports, however, saw a resilient increase. The growth pace was the most rapid in 2017 when imports increased by 53%. Over the period under review, imports hit record highs at X tons in 2021, and then shrank in the following year.

In value terms, vanilla imports reduced to $X in 2022. Over the period under review, imports, however, continue to indicate resilient growth. The growth pace was the most rapid in 2017 with an increase of 72% against the previous year. The level of import peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Syrian Arab Republic was the major importer of vanilla in MENA, with the volume of imports reaching X tons, which was approx. 48% of total imports in 2022. Saudi Arabia (X tons) held the second position in the ranking, distantly followed by Iraq (X tons). All these countries together took approx. 26% share of total imports. The United Arab Emirates (X tons), Turkey (X tons), Lebanon (X tons), Egypt (X tons), Qatar (X tons), Iran (X tons), Jordan (X tons) and Kuwait (X tons) followed a long way behind the leaders.

Syrian Arab Republic was also the fastest-growing in terms of the vanilla imports, with a CAGR of +41.7% from 2012 to 2022. At the same time, Qatar (+30.3%), Egypt (+20.8%), Turkey (+18.4%), the United Arab Emirates (+17.3%), Kuwait (+16.6%), Lebanon (+15.5%), Jordan (+11.8%) and Saudi Arabia (+11.2%) displayed positive paces of growth. By contrast, Iraq (-13.9%) and Iran (-15.1%) illustrated a downward trend over the same period. Syrian Arab Republic (+48 p.p.), Iraq (+4.6 p.p.) and Qatar (+1.8 p.p.) significantly strengthened its position in terms of the total imports, while Saudi Arabia and Iran saw its share reduced by -6.6% and -44.8% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported vanilla in MENA, comprising 37% of total imports. The second position in the ranking was held by Saudi Arabia ($X), with a 15% share of total imports. It was followed by Syrian Arab Republic, with a 12% share.

In the United Arab Emirates, vanilla imports expanded at an average annual rate of +35.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Saudi Arabia (+8.9% per year) and Syrian Arab Republic (+39.2% per year).

Import Prices by Country

In 2022, the import price in MENA amounted to $X per ton, declining by -6.2% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the import price increased by 40% against the previous year. The level of import peaked at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while Jordan ($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 United Arab Emirates (+15.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform