South Africa: Vanilla Market 2024

Vanilla Market Size in South Africa

In 2022, after three years of growth, there was significant decline in the South African vanilla market, when its value decreased by -6.6% to $X. Overall, consumption recorded a perceptible contraction. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Vanilla Production in South Africa

In value terms, vanilla production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when the production volume increased by 38% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

The average yield of vanilla in South Africa was estimated at less than X kg per ha in 2022, flattening at the previous year's figure. In general, 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, the vanilla harvested area in South Africa was estimated at less than X ha, approximately reflecting the previous year's figure. Overall, the harvested area continues to indicate a relatively flat trend pattern.

Vanilla Exports

Exports from South Africa

In 2022, the amount of vanilla exported from South Africa skyrocketed to X tons, with an increase of 87% against 2021. Over the period under review, exports saw strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, vanilla exports shrank remarkably to $X in 2022. Overall, exports continue to indicate a noticeable expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 52% against the previous year. The exports peaked at $X in 2021, and then fell notably in the following year.

Exports by Country

Namibia (X tons) was the main destination for vanilla exports from South Africa, accounting for a 62% share of total exports. Moreover, vanilla exports to Namibia exceeded the volume sent to the second major destination, Sweden (X tons), twofold. Mozambique (X tons) 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 Namibia amounted to +43.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+12.1% per year) and Mozambique (-9.4% per year).

In value terms, Sweden ($X) remains the key foreign market for vanilla exports from South Africa, comprising 93% of total exports. The second position in the ranking was held by Namibia ($X), with a 3.7% share of total exports. It was followed by Mozambique, with a 0.7% share.

From 2012 to 2022, the average annual growth rate of value to Sweden totaled +12.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Namibia (+37.8% per year) and Mozambique (-6.8% per year).

Export Prices by Country

The average vanilla export price stood at $X per ton in 2022, with a decrease of -63.2% against the previous year. In general, the export price continues to indicate a noticeable descent. The pace of growth was the most pronounced in 2017 an increase of 84%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Australia ($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 Swaziland (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.

Vanilla Imports

Imports into South Africa

In 2022, the amount of vanilla imported into South Africa reduced to X tons, waning by -15% compared with the previous year's figure. Over the period under review, imports showed a abrupt decrease. The most prominent rate of growth was recorded in 2017 when imports increased by 100% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, vanilla imports shrank notably to $X in 2022. Overall, imports, however, posted a buoyant expansion. The growth pace was the most rapid in 2017 when imports increased by 174% against the previous year. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Madagascar (X tons), Uganda (X tons) and Tanzania (X kg) were the main suppliers of vanilla imports to South Africa, together comprising 98% of total imports.

From 2012 to 2022, the biggest increases were recorded for Uganda (with a CAGR of +2.1%), while purchases for the other leaders experienced a decline.

In value terms, the largest vanilla suppliers to South Africa were Madagascar ($X), Uganda ($X) and Tanzania ($X), together accounting for 99% of total imports.

In terms of the main suppliers, Uganda, with a CAGR of +23.2%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average vanilla import price stood at $X per ton in 2022, declining by -10.8% against the previous year. Over the period under review, the import price, however, recorded a significant increase. The most prominent rate of growth was recorded in 2016 an increase of 134% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 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 Madagascar ($X per ton), while the price for Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Madagascar (+21.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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