Norway: Vanilla Market 2025

Vanilla Market Size in Norway

The Norwegian vanilla market reduced notably to $X in 2022, with a decrease of -52.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, enjoyed a measured expansion. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Vanilla Exports

Exports from Norway

In 2022, shipments abroad of vanilla decreased by 0% to X kg, falling for the second consecutive year after four years of growth. Over the period under review, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 when exports increased by 2,800%. The exports peaked at X kg in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, vanilla exports surged to $X in 2022. Overall, exports showed pronounced growth. The pace of growth was the most pronounced in 2015 when exports increased by 1,423% against the previous year. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X kg) was the main destination for vanilla exports from Norway, accounting for a 42% share of total exports. Moreover, vanilla exports to Germany exceeded the volume sent to the second major destination, Finland (X kg), twofold. The third position in this ranking was taken by France (X kg), with an 8.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany stood at -3.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (0.0% per year) and France (-3.3% per year).

In value terms, Germany ($X) remains the key foreign market for vanilla exports from Norway, comprising 82% of total exports. The second position in the ranking was held by France ($X), with a 5.6% share of total exports. It was followed by Sweden, with a 4.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany totaled +12.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-18.9% per year) and Sweden (+13.6% per year).

Export Prices by Country

The average vanilla export price stood at $X per ton in 2022, picking up by 16% against the previous year. Over the period under review, the export price saw a pronounced expansion. The most prominent rate of growth was recorded in 2020 an increase of 91%. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Denmark ($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 Poland (+81.4%), while the prices for the other major destinations experienced more modest paces of growth.

Vanilla Imports

Imports into Norway

Vanilla imports into Norway declined rapidly to X tons in 2022, waning by -37.5% on 2021. In general, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by 109% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, vanilla imports shrank sharply to $X in 2022. Over the period under review, imports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of 121%. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Denmark (X tons) constituted the largest vanilla supplier to Norway, with a 32% share of total imports. Moreover, vanilla imports from Denmark exceeded the figures recorded by the second-largest supplier, Madagascar (X kg), twofold. The third position in this ranking was held by Germany (X kg), with a 3.5% share.

From 2012 to 2022, the average annual growth rate of volume from Denmark totaled +8.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Madagascar (-2.0% per year) and Germany (-17.0% per year).

In value terms, Madagascar ($X) constituted the largest supplier of vanilla to Norway, comprising 31% of total imports. The second position in the ranking was taken by Denmark ($X), with a 13% share of total imports. It was followed by Germany, with a 7.5% share.

From 2012 to 2022, the average annual growth rate of value from Madagascar totaled +3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+15.1% per year) and Germany (-3.6% per year).

Import Prices by Country

The average vanilla import price stood at $X per ton in 2022, shrinking by -28.5% against the previous year. Over the period under review, the import price, however, continues to indicate a temperate expansion. The pace of growth was the most pronounced in 2018 an increase of 56%. Over the period under review, average import prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+19.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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