Middle East: Vanilla Market 2025

Vanilla Market Size in the Middle East

In 2022, the Middle Eastern vanilla market decreased by -10.6% to $X, falling for the fifth year in a row after four years of growth. Over the period under review, consumption, however, enjoyed temperate growth. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Vanilla Production in the Middle East

In value terms, vanilla production expanded significantly to $X in 2022 estimated in export price. The total production indicated a temperate increase 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 maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

The country with the largest volume of vanilla production was Turkey (X tons), comprising approx. 100% of total volume.

In Turkey, vanilla production increased at an average annual rate of +2.5% over the period from 2012-2022.

Vanilla Exports

Exports in the Middle East

In 2022, the amount of vanilla exported in the Middle East expanded sharply to X tons, surging by 6.4% on the previous year. Over the period under review, exports enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2019 with an increase of 102%. The volume of export peaked in 2022 and is likely to continue growth in years to come.

In value terms, vanilla exports declined to $X in 2022. Overall, exports saw a resilient increase. The most prominent rate of growth was recorded in 2019 when exports increased by 94% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Turkey prevails in exports structure, finishing at X tons, which was near 89% of total exports in 2022. It was distantly followed by Saudi Arabia (X tons), comprising 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 the Middle East, with a CAGR of +31.0% from 2012-2022. From 2012 to 2022, the share of Saudi Arabia and the United Arab Emirates increased by +6 and +3.3 percentage points, respectively.

In value terms, the largest vanilla supplying countries in the Middle East were Turkey ($X), Saudi Arabia ($X) and the United Arab Emirates ($X), together comprising 97% of total exports.

The United Arab Emirates, with a CAGR of +37.1%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries 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 the Middle East amounted to $X per ton, falling by -12.5% against the previous year. Export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vanilla export price decreased by -32.2% against 2018 indices. The pace of growth was the most pronounced in 2017 an increase of 48%. The level of export peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

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 the Middle East

In 2022, purchases abroad of vanilla decreased by -2.8% to X tons for the first time since 2014, thus ending a seven-year rising trend. In general, imports, however, recorded a strong expansion. The pace of growth was the most pronounced in 2015 when imports increased by 65%. The volume of import peaked at X tons in 2021, and then fell in the following year.

In value terms, vanilla imports rose to $X in 2022. Overall, imports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of 83% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

Syrian Arab Republic was the major importing country with an import of about X tons, which recorded 50% of total imports. Saudi Arabia (X tons) ranks second in terms of the total imports with a 23% share, followed by Iraq (4.7%). The United Arab Emirates (X tons), Turkey (X tons), Lebanon (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%), 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. While the share of Syrian Arab Republic (+50 p.p.), Iraq (+4.7 p.p.) and Qatar (+1.9 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Saudi Arabia (-6.6 p.p.) and Iran (-45.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported vanilla in the Middle East, comprising 39% of total imports. The second position in the ranking was held by Saudi Arabia ($X), with a 16% share of total imports. It was followed by Syrian Arab Republic, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates stood at +35.7%. The remaining importing countries recorded the following average annual rates of imports growth: Saudi Arabia (+8.9% per year) and Syrian Arab Republic (+39.2% per year).

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per ton, picking up by 7.3% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the import price increased by 46% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: 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

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