Report Update Nov 1, 2024

Saudi Arabia - Vanilla - Market Analysis, Forecast, Size, Trends and Insights

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Saudi Arabia: Vanilla Market 2024

Vanilla Market Size in Saudi Arabia

In 2022, after two years of growth, there was significant decline in the Saudi vanilla market, when its value decreased by -8.1% to $X. Overall, consumption, however, recorded a buoyant expansion. Over the period under review, the market reached the peak level at $X in 2021, and then fell in the following year.

Vanilla Exports

Exports from Saudi Arabia

In 2022, vanilla exports from Saudi Arabia rose sharply to X tons, increasing by 13% on the previous year. Overall, exports enjoyed a strong increase. The growth pace was the most rapid in 2016 when exports increased by 175% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, vanilla exports soared to $X in 2022. In general, exports posted a buoyant expansion. The growth pace was the most rapid in 2016 with an increase of 162% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Bahrain (X tons) was the main destination for vanilla exports from Saudi Arabia, with a 97% share of total exports. It was followed by Canada (X kg), with a 2.6% share of total exports.

From 2013 to 2022, the average annual growth rate of volume to Bahrain totaled +38.4%.

In value terms, Bahrain ($X) emerged as the key foreign market for vanilla exports from Saudi Arabia, comprising 95% of total exports. The second position in the ranking was held by Canada ($X), with a 0.5% share of total exports.

From 2013 to 2022, the average annual rate of growth in terms of value to Bahrain totaled +57.3%.

Export Prices by Country

The average vanilla export price stood at $X per ton in 2022, rising by 5.2% against the previous year. Overall, the export price recorded a strong increase. The most prominent rate of growth was recorded in 2015 an increase of 160%. The export price peaked at $X per ton in 2017; however, from 2018 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 Bahrain ($X per ton), while the average price for exports to Canada totaled $X per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sudan (+46.9%), while the prices for the other major destinations experienced more modest paces of growth.

Vanilla Imports

Imports into Saudi Arabia

In 2022, after two years of growth, there was decline in purchases abroad of vanilla, when their volume decreased by -3.5% to X tons. Over the period under review, imports, however, posted strong growth. The most prominent rate of growth was recorded in 2015 with an increase of 380% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2021, and then dropped in the following year.

In value terms, vanilla imports contracted to $X in 2022. In general, imports, however, posted buoyant growth. The pace of growth was the most pronounced in 2015 with an increase of 301%. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Hungary (X tons) constituted the largest supplier of vanilla to Saudi Arabia, accounting for a 24% share of total imports. Moreover, vanilla imports from Hungary exceeded the figures recorded by the second-largest supplier, South Africa (X tons), twofold. Spain (X tons) ranked third in terms of total imports with a 9% share.

From 2013 to 2022, the average annual growth rate of volume from Hungary was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (0.0% per year) and Spain (0.0% per year).

In value terms, Spain ($X) constituted the largest supplier of vanilla to Saudi Arabia, comprising 29% of total imports. The second position in the ranking was taken by France ($X), with a 14% share of total imports. It was followed by the UK, with a 3.2% share.

From 2013 to 2022, the average annual rate of growth in terms of value from Spain was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: France (0.0% per year) and the UK (0.0% per year).

Import Prices by Country

The average vanilla import price stood at $X per ton in 2022, waning by -5.3% against the previous year. Over the period under review, the import price continues to indicate a pronounced setback. The pace of growth was the most pronounced in 2019 when the average import price increased by 74% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+4.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for vanilla in the world?

Indonesia remains the largest vanilla consuming country worldwide, accounting for 31% of total volume. Moreover, vanilla consumption in Indonesia exceeded the figures recorded by the second-largest consumer, the United States, twofold. Mexico ranked third in terms of total consumption with a 6.9% share.

What are the largest producers of vanilla in the world?

The countries with the highest volumes of vanilla production in 2020 were Indonesia, Madagascar and Mexico, with a combined 73% share of global production. Papua New Guinea, China, Turkey and Uganda lagged somewhat behind, together accounting for a further 21%.

What are the leading suppliers of vanilla to Saudi Arabia?

In value terms, Hungary, China and the United Arab Emirates were the largest vanilla suppliers to Saudi Arabia, with a combined 56% share of total imports.

What are the leading importers of vanilla from Saudi Arabia?

In value terms, the United Arab Emirates remains the key foreign market for vanilla exports from Saudi Arabia, comprising 48% of total exports. The second position in the ranking was occupied by Sudan, with a 17% share of total exports. It was followed by Bahrain, with a 9.4% share.

What is the average export price for vanilla in Saudi Arabia?

The average vanilla export price stood at $23,207 per ton in 2020, with an increase of 30% against the previous year.

What is the average import price for vanilla in Saudi Arabia?

In 2020, the average vanilla import price amounted to $7,256 per ton, reducing by -36% against the previous year.

This report provides an in-depth analysis of the vanilla market in Saudi Arabia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 692 - Vanilla

Country coverage:

Saudi Arabia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Saudi Arabia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023