Slovakia: Vanilla Market 2025

Vanilla Market Size in Slovakia

The Slovak vanilla market fell sharply to $X in 2022, waning by -27.6% 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). Overall, consumption continues to indicate a abrupt contraction. Vanilla consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Vanilla Exports

Exports from Slovakia

Vanilla exports from Slovakia dropped to X kg in 2022, which is down by -7.2% on the previous year's figure. Over the period under review, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 3,117% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, vanilla exports expanded sharply to $X in 2022. In general, exports, however, saw resilient growth. The pace of growth was the most pronounced in 2015 with an increase of 95,971%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Austria (X kg) was the main destination for vanilla exports from Slovakia, accounting for a 61% share of total exports. Moreover, vanilla exports to Austria exceeded the volume sent to the second major destination, the Czech Republic (X kg), twofold.

From 2012 to 2022, the average annual growth rate of volume to Austria amounted to +73.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+54.5% per year) and Hungary (-24.2% per year).

In value terms, the Czech Republic ($X) remains the key foreign market for vanilla exports from Slovakia, comprising 98% of total exports. The second position in the ranking was taken by Austria ($X), with a 1.4% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the Czech Republic stood at +51.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (-2.7% per year) and Hungary (-35.8% per year).

Export Prices by Country

In 2022, the average vanilla export price amounted to $X per ton, picking up by 14% against the previous year. Overall, the export price posted a significant expansion. The most prominent rate of growth was recorded in 2015 when the average export price increased by 4,157% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average export prices failed to regain momentum.

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 the Czech Republic ($X per ton), while the average price for exports to Austria ($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 Hungary (-14.8%), while the prices for the other major destinations experienced a decline.

Vanilla Imports

Imports into Slovakia

In 2022, vanilla imports into Slovakia plummeted to X tons, which is down by -28.5% on 2021 figures. Overall, imports saw a deep contraction. The pace of growth appeared the most rapid in 2015 when imports increased by 225%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, vanilla imports reduced to $X in 2022. In general, imports, however, saw prominent growth. The pace of growth appeared the most rapid in 2015 with an increase of 2,167%. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Indonesia (X kg), Madagascar (X kg) and the Czech Republic (X kg) were the main suppliers of vanilla imports to Slovakia, together accounting for 64% of total imports.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +49.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Germany ($X) and Madagascar ($X) constituted the largest vanilla suppliers to Slovakia, together comprising 84% of total imports.

In terms of the main suppliers, Indonesia, with a CAGR of +83.0%, saw the highest growth rate of the value of imports, 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, surging by 29% against the previous year. In general, the import price saw significant growth. The pace of growth appeared the most rapid in 2020 when the average import price increased by 2,084%. Over the period under review, average import prices attained the peak figure at $X per ton in 2015; however, from 2016 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 Germany ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+49.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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