Portugal: Vanilla Market 2025

Vanilla Market Size in Portugal

In 2022, the Portuguese vanilla market decreased by -91.3% to $X, falling for the second year in a row after two years of growth. Overall, consumption saw a sharp reduction. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Vanilla Production in Portugal

In value terms, vanilla production totaled less than $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern.

In 2022, the average vanilla yield in Portugal was estimated at less than X kg per ha, approximately equating the previous year. Overall, 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.

In 2022, approx. less than X ha of vanilla were harvested in Portugal; remaining constant against 2021. In general, the harvested area recorded a relatively flat trend pattern.

Vanilla Exports

Exports from Portugal

In 2022, shipments abroad of vanilla increased by 1,199% to X tons, rising for the second consecutive year after three years of decline. Overall, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, vanilla exports declined slightly to $X in 2022. Over the period under review, exports, however, continue to indicate a deep setback. The most prominent rate of growth was recorded in 2014 when exports increased by 194% against the previous year. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

France (X tons) was the main destination for vanilla exports from Portugal, accounting for a 63% share of total exports. Moreover, vanilla exports to France exceeded the volume sent to the second major destination, Angola (X tons), twofold. Spain (X kg) ranked third in terms of total exports with a 4.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to France totaled +20.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (+33.2% per year) and Spain (+97.6% per year).

In value terms, Spain ($X), France ($X) and Angola ($X) constituted the largest markets for vanilla exported from Portugal worldwide, together accounting for 99% of total exports.

Spain, with a CAGR of +199.1%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average vanilla export price amounted to $X per ton, waning by -92.6% against the previous year. In general, the export price recorded a sharp decline. The most prominent rate of growth was recorded in 2020 when the average export price increased by 376% against the previous year. 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.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Luxembourg ($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 Spain (+2.1%), while the prices for the other major destinations experienced a decline.

Vanilla Imports

Imports into Portugal

In 2022, the amount of vanilla imported into Portugal reduced notably to X tons, waning by -33.5% compared with 2021 figures. Over the period under review, imports showed a abrupt descent. The growth pace was the most rapid in 2016 when imports increased by 606%. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, vanilla imports declined remarkably to $X in 2022. In general, imports, however, continue to indicate a remarkable increase. The growth pace was the most rapid in 2016 when imports increased by 169% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

Spain (X tons), France (X tons) and Germany (X tons) were the main suppliers of vanilla imports to Portugal, together comprising 88% of total imports. Poland, Austria, Belgium, the UK and Madagascar lagged somewhat behind, together comprising a further 10%.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of +13.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest vanilla suppliers to Portugal were France ($X), Spain ($X) and Poland ($X), together accounting for 82% of total imports. Germany, Belgium, Austria, Madagascar and the UK lagged somewhat behind, together accounting for a further 14%.

Austria, with a CAGR of +30.5%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average vanilla import price stood at $X per ton in 2022, jumping by 22% against the previous year. In general, the import price posted a buoyant expansion. The pace of growth appeared the most rapid in 2017 an increase of 255% against the previous year. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a 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 Madagascar ($X per ton), while the price for Spain ($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 (+44.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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