Russian Federation: Vanilla Market 2025

Vanilla Market Size in the Russian Federation

The Russian vanilla market surged to $X in 2022, rising by 181% 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). Over the period under review, consumption posted a resilient increase. Over the period under review, the market reached the maximum level in 2022 and is likely to see gradual growth in the immediate term.

Vanilla Exports

Exports from the Russian Federation

Vanilla exports from Russia shrank dramatically to X kg in 2022, with a decrease of -96.3% on the previous year. Over the period under review, exports showed a deep downturn. The growth pace was the most rapid in 2020 with an increase of 200% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, vanilla exports reduced notably to $X in 2022. In general, exports showed a dramatic shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 222% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Kazakhstan (X kg), the United States (X kg) and Georgia (X kg) were the main destinations of vanilla exports from Russia, together accounting for 88% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Georgia (with a CAGR of +26.0%), while the other leaders experienced a decline.

In value terms, Kazakhstan ($X) remains the key foreign market for vanilla exports from Russia, comprising 58% of total exports. The second position in the ranking was held by the United States ($X), with a 25% share of total exports. It was followed by Germany, with a 7.6% share.

From 2012 to 2022, the average annual growth rate of value to Kazakhstan amounted to -17.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-19.4% per year) and Germany (-67.5% per year).

Export Prices by Country

In 2022, the average vanilla export price amounted to $X per ton, approximately reflecting the previous year. In general, the export price, however, saw a deep reduction. The pace of growth was the most pronounced in 2021 an increase of 191%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Georgia ($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 Germany (+107.3%), while the prices for the other major destinations experienced more modest paces of growth.

Vanilla Imports

Imports into the Russian Federation

After two years of decline, supplies from abroad of vanilla increased by 51% to X tons in 2022. In general, imports showed a resilient expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 100% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, vanilla imports skyrocketed to $X in 2022. Overall, imports saw a remarkable increase. The most prominent rate of growth was recorded in 2013 when imports increased by 90%. Over the period under review, imports reached the peak figure at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Belarus (X tons) constituted the largest supplier of vanilla to Russia, with a 79% share of total imports. Moreover, vanilla imports from Belarus exceeded the figures recorded by the second-largest supplier, Madagascar (X tons), sevenfold. The third position in this ranking was taken by Indonesia (X kg), with a 7.6% share.

From 2012 to 2022, the average annual growth rate of volume from Belarus stood at +167.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Madagascar (+0.3% per year) and Indonesia (+23.0% per year).

In value terms, Madagascar ($X), Belarus ($X) and Indonesia ($X) were the largest vanilla suppliers to Russia, with a combined 97% share of total imports.

Belarus, with a CAGR of +307.4%, saw 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, reducing by -12.4% against the previous year. In general, the import price, however, continues to indicate a resilient increase. The pace of growth appeared the most rapid in 2020 an increase of 95%. The import price peaked at $X per ton in 2021, and then contracted in the following year.

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 ($X per ton), while the price for Belarus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (+30.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :